Presentation is loading. Please wait.

Presentation is loading. Please wait.

NEW JERSEY DEPARTMENT OF LABOR PROJECTIONS SYSTEM Industry Projections Occupational Projections Population Projections Labor Force Projections Labor Force.

Similar presentations


Presentation on theme: "NEW JERSEY DEPARTMENT OF LABOR PROJECTIONS SYSTEM Industry Projections Occupational Projections Population Projections Labor Force Projections Labor Force."— Presentation transcript:

1

2 NEW JERSEY DEPARTMENT OF LABOR PROJECTIONS SYSTEM Industry Projections Occupational Projections Population Projections Labor Force Projections Labor Force Participation Rates Industry Employment Series National Projections Industry / Occupation Matrix OES Survey Commutation Ratios Change - & SEUF - Factors Vital Statistics Census Data = End Product

3 Population and Labor Force Projections for New Jersey: 2006 to 2025

4 Population Projections New Jersey’s population growth will continue to lag behind the nation as a whole. Rate of Population Growth:

5 Population Projections New Jersey’s total population is projected to increase by 0.45% per annum, on average, from 2006 to The state’s rate of population growth will be 0.58% per annum between 2016 and 2025.

6 Population Projections

7 Population aged and 55+ will grow substantially.

8 Population Projections New Jersey Population by Age: 2006 and (Population in thousands)

9 Population Projections  Hispanics, Multiracial and Other Races are projected to grow fast.

10 Population Projections Non-Hispanic 90.3%84.4%81.0%77.7% White 73.9%62.8%57.1%52.0% Black 12.9%13.3%13.2%12.9% Others 3.6%7.4%9.4%11.2% 2+ Races (N.A.)1.0%1.3%1.6% Hispanic 9.7%15.6%19.0%22.3%  Other Races and Hispanics will increase their shares of the state’s total resident population.

11 Population Projections New Jersey’s sex ratio is projected to increase gradually as male population grow slightly faster than their female counterpart.

12 Labor Force Projections Growth of Population and Labor Force: New Jersey, New Jersey’s civilian labor force is projected to grow faster than its population from 2006 to 2016 but not after 2016.

13 Labor Force Projections The “older workers” (labor force aged 55 and older) will grow faster than their younger counterparts.

14 Labor Force Projections  Hispanics, Other Races and Multiracial labor forces are projected to grow fast.

15 In fact, the “other races” will account for 40% and 70% of the state’s total labor force growth in and periods, respectively. Labor Force Projections Hispanics will comprise the majority of the state’s labor force growth (70%) from 2006 to They will account for all the growth of New Jersey’s labor force between 2016 and 2025, as the no-Hispanic labor force is projected to decline somewhat.

16 Labor Force Projections White 83.3%77.6%74.8%72.1% Black 12.9%13.4%13.8%13.9% Others 3.8%8.0%10.0%12.2% 2+ Races (N.A.)1.0%1.4%1.9% Hispanic 9.1%15.5%18.6%22.2%  Consequently, Other Races and Hispanics will increase their shares of the state’s total civilian labor force.

17 Thank You Comments Welcomed Prepared by: New Jersey Department of Labor & Workforce Development Division of Labor Market and Demographic Research Contact: Sen-Yuan Wu ( tel )


Download ppt "NEW JERSEY DEPARTMENT OF LABOR PROJECTIONS SYSTEM Industry Projections Occupational Projections Population Projections Labor Force Projections Labor Force."

Similar presentations


Ads by Google