We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byHailey Gordon
Modified over 3 years ago
New Jersey Industry and Occupational Employment Projections 2008-2018
Annual Employment Change in New Jersey 1939-2009 Employment Change (000s)
For the first time ever, NJ ended a decade with fewer jobs than it started Employment Change (000s)
3 Recessions 1 Boom 1 Jobless Recovery Employment (000s) 3,689,800 3,981,700 = Very little net growth in NJ over last 20 years About 200,000 jobs Only 0.26% annual growth
US and NJ projections viewed as upper and lower bounds Employment (000s)
Growth in the nation is projected to outpace the state Annual Percent Growth
Goods Producing industries will continue their decline Annual Percent Growth
All growth will occur in Service Providing industries Annual Percent Growth
Growth in Service Providing industries will be offset by declines in Goods Producing industries Employment growth 08 – 18
Very slight growth is projected in Goods Producing industries in the nation Employment growth 08 – 18 (000s)
Projected growth by major industry group Annual Percent Growth
Goods Producing Industries Annual Growth Rate
Deep losses in manufacturing will continue to drive Goods Producing industries downward Projected Employment Change 2008-2018
These industries are the largest contributors to the decline in manufacturing Projected Employment Change 2008-2018
Sharp drop in 2009 will create a long road back to 2006 peak for Construction
Service Providing Industries Annual Growth Rate
2008 employment and projected growth by industry sector Information and Utilities are projected to decline by almost 14,000 jobs
Almost 90% of new jobs will be found in these three industry sectors Projected Employment Change 2008-2018
Healthcare will continue to grow, but the rate is slowing Employment (000s) 2.7% per year 1.4% per year
These typically higher paying industries are projected to add at least 2,000 jobs each Professional & Business Services Projected Employment Change 2008-2018
Occupational Highlights 2.8% Employment Growth, 2006-2016 121,600 Average Annual Job Openings Roughly 8 of every 10 of these openings due to Replacement demand
Professional and Service occupations will dominate job growth Major Occupational Group Projected Employment Change 2008-2018
Due to replacement demand, there will be opportunities in all major occupational groups 28,760 28,420 18,090 14,780 12,920 7,920 3,990 3,520 3,160
Professional occupations are made up of many smaller groups
Service occupations consist of five occupational groups
Jobs with higher requirements for entry will grow faster than their lower level counterparts Percent Growth 2008-2018
These high paying occupations are all projected to grow faster than the state average Percent Growth 2008-2018 $173,800 $154,100 $137,900 $112,900 $105,000 $100,200 $96,200 $94,900 $90,100 $87,100
Questions or Comments? Contact Jason Timian Call:609-777-3635 E-mail:firstname.lastname@example.org On the Web at: www.nj.gov/labor
New Jersey Industry and Occupational Employment Projections
Trends in the Maine Labor Market
Healthcare Sector Projections Michael Wolf Employment Projection Program PMP Summit June 3, 2014.
New Jersey Regional Employment Projections:
Demographic Impacts on Minnesota’s Work Force: the future in 15 minutes or less Kyle Uphoff Regional Analysis & Outreach Manager.
Employment Projections -- Background
Employment Projections -- General Information
NEW JERSEY DEPARTMENT OF LABOR PROJECTIONS SYSTEM Industry Projections Occupational Projections Population Projections Labor Force Projections Labor Force.
JOBS IN MAINE: CONDITIONS & OUTLOOK Labor Market Information and Online Resources Maine Career Development Association Annual Conference June 6, 2014 Ruth.
Arizona (and the West) Shall Rise Again – Just you Wait! 48 th ASU/Chase Economic Forecast
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Whats New in the LMI World Nevadas Perspective.
Fashion Designer By Emily Smith. A Typical Day (Self Employed) 8:30 am – 9:00 am Driving to see a client. 9:00 am – 10:00 am Talking to client about her.
How Economic Justice Can Create Economic Prosperity: The Year Up Model.
Please contact Dave Senf, Minnesota Department of Employment and Economic Development (DEED) for more information or if you have any questions. Dave’s.
Linking London Key Sectors Report and Staff Guide 24th July 2013 Sue Betts/Andrew Jones Director/Deputy Director.
Union Members in 2009 Jim Walker Economist Bureau of Labor Statistics January 29, 2010.
Equal or Not. Equal or Not
What is a business cycle? It is a recurring cycle of economic growth, decline, recession, and recovery in a country. It is the process leading to an economic.
Chapter 9 Accounting for Inventories. Inventory Retailers: finished goods held for sale; balances can be large (77% of current asset & 25% of total assets.
Maine Workforce Conditions & Outlook Presented to the Joint Standing Committee on Labor, Commerce, Research, and Economic Development January 29, 2013.
© 2017 SlidePlayer.com Inc. All rights reserved.