Ten-year occupational employment projections

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The ten-year occupational employment projection is a projection produced by the US Bureau of Labor Statistics' Office of Occupational Statistics and Employment Projections. The occupational employment projections, along with other information about occupations, are published in the Occupational Outlook Handbook and the National Employment Matrix.

Bureau of Labor Statistics US government agency

The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor. It is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics and serves as a principal agency of the U.S. Federal Statistical System. The BLS is a governmental statistical agency that collects, processes, analyzes, and disseminates essential statistical data to the American public, the U.S. Congress, other Federal agencies, State and local governments, business, and labor representatives. The BLS also serves as a statistical resource to the United States Department of Labor, and conducts research into how much families need to earn to be able to enjoy a decent standard of living.

The Occupational Outlook Handbook is a publication of the United States Department of Labor's Bureau of Labor Statistics that includes information about the nature of work, working conditions, training and education, earnings and job outlook for hundreds of different occupations in the United States. It is released biennially with a companion publication, the Career Guide to Industries and is available free of charge from the Bureau of Labor Statistics' website. The 2012–13 edition was released in November 2012 and the 2014–15 edition in March 2014.

Contents

The 10-year projections cover economic growth, employment by industry and occupation, and labor force. They are widely used in career guidance, in planning education and training programs, and in studying long-range employment trends. These projections, which are updated every two years, are part of a nearly 60-year tradition of providing information on occupations to those who are entering the job market, changing careers, or making further education and training choices.

Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods. Usage can differ between areas of application: for example, in hydrology the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period.

Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee. Employees work in return for payment, which may be in the form of an hourly wage, by piecework or an annual salary, depending on the type of work an employee does or which sector she or he is working in. Employees in some fields or sectors may receive gratuities, bonus payment or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits can include health insurance, housing, disability insurance or use of a gym. Employment is typically governed by employment laws, regulations or legal contracts.

Employment projections

Overall employment is projected to increase about 14 percent during the 2010–2020 decade with more than half a million new jobs expected for each of four occupations—registered nurses, retail salespersons, home health aides, and personal care aides. Occupations that typically need postsecondary education for entry are projected to grow faster than average, but occupations that typically need a high school diploma or less will continue to represent more than half of all jobs. [1]

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<i>Career Guide to Industries</i>

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References

  1. "Occupational employment projections to 2020" (PDF). January 2012 Monthly Labor Review. U.S. Bureau of Labor Statistics. Retrieved 1 June 2012.