The Future of Jobs. Almost a third of projected job. Expected employment expansion and shrinkage: Here s your 10-year planning guide.
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1 The Future of Jobs Expected employment expansion and shrinkage: Here s your 10-year planning guide. By Steven P. Berchem, CSP, and Cynthia Poole Almost a third of projected job growth to 2022 will be in the health care sector, according to the latest employment estimates released by the U.S. Bureau of Labor Statistics. There will be a large increase in the number of construction jobs, but the number will not eclipse the number of those jobs prior to the Great Recession. And manufacturing employment will slightly decline. How are you planning to shift your business development plans to account for expected changes in the jobs mix? Smart staffing professionals are starting to plan now to replace shrinking sectors with growing ones. They know that such planning requires more than growing their client base to include companies in expanding industries. They know it means that their recruiting strategies also need to be refined to ensure that supply meets demand. Every two years, BLS issues employment projections that look at the next 10 years. BLS recently released its first true postrecession projections, for 2012 to (This article is based on Industry Employment and Output Projections to Smart staffing professionals are starting to plan now to replace shrinking sectors with growing ones, which requires more than growing their client base. They also need to refine their recruiting strategies to ensure that supply meets demand. Staffing Success 27
2 2022, by Richard Henderson, released by BLS in December 2013.) The Great Recession affected various sectors and industries differently, BLS notes. Employment in some sectors, such as health care, grew during the recession seemingly unaffected by adverse economic conditions while employment in other sectors, such as construction and manufacturing, dramatically declined. In developing its projections, BLS considered the relative effects of the recession on employment growth patterns, from early in the recovery to long-term trends. BLS industry-level projections assume that the economy is at or near full employment. BLS estimates broadly include nonfarm wage and salary workers who will account for more than 98% of the projected jobs in the upcoming period as well as nonfarm self-employed and unpaid family workers, plus agricultural workers who are paid wages or salaries, are selfemployed, or are unpaid family members. This article examines the BLS projections from a staffing industry perspective, focusing on nonfarm wage and salary workers in some of the top job-creating industries (see Figure 1: 10 Industries Where the Largest Number of Jobs Will Be Created Nearly 60% of the 15.6 million new jobs BLS projects to be created by 2022 will be in these 10 industries. Five percent of the new jobs will be in employment services, which is mostly staffing, expanding the industry from just over three million jobs to nearly four million. Thousands of Wage and Salary Jobs, Construction 1,622.1 Offices of health practitioners 1,225.8 Retail trade 1,090.9 Food services and drinking places Hospitals Employment services Nursing and residential care facilities Home health care services Individual and family services Computer systems design and related services ,000 1,250 1,500 1,750 Source: U.S. Bureau of Labor Statistics Figure 1) and in the industries expected to shrink the most (see Figure 2). Construction Sector The construction industry was one of the industries hardest hit by the recession that ended in Although the sector is projected to add a large number of jobs between 2012 and 2022, it is not expected to reach the peak level of almost 7.7 million jobs seen in Employment in the construction sector is projected to increase by more than 1.6 million, the largest increase in employment in any industry, to reach a level of nearly 7.3 million in The annual increase of 2.6% for employment also makes construction one of the fastestgrowing industries. The large and rapid employment growth over the projection period contrasts with the employment decline of the previous decade, in which the sector lost almost 1.1 million jobs at an annual rate of 1.7%. The increase in residential investment and nonresidential structures investment during the period is expected to spur growth in employment in the construction sector. Residential investment is projected to grow at 7.2% annually between 2012 and 2022, a substantial improvement over the 5.0% annual decline experienced during the period. Health Care Sector The health care sector was not as affected by the recent recession as other sectors were, and it continued to have robust growth even during the recession. This resilience along with the newly enacted Affordable Care Act, changing demographics, and advances in technology should continue to drive employment growth in this sector. What BLS calls the health care and social assistance sector is projected to have the greatest job growth, adding nearly 5.0 million jobs, increasing from 17.0 million in 2012 to 22.0 million in The 2.6% annual growth rate is the fastest 28 Special Issue 2014
3 among all major service-providing sectors. Most of that growth will be in health care rather than in social assistance industries. Offices of health practitioners, which include physicians, dentists, and other health practitioners such as chiropractors and optometrists, are expected to add the largest number of jobs among the serviceproviding industries and the second-largest number of jobs overall. Cost pressures, an aging population, and technological advances are expected to shift services from inpatient facilities and hospitals to the offices of health practitioners, driving growth in employment. The number of jobs in this industry is projected to increase from almost 4.0 million in 2012 to 5.2 million in 2022, an increase of more than 1.2 million jobs, at an annual growth rate of 2.7%, the eighth fastest among all industries. Hospitals are expected to add 814,800 jobs between 2012 and 2022, the fifthlargest increase in employment among all industries. Despite the large number of jobs added, the hospitals industry is not one of the fastest-growing industries in terms of jobs because of its large employment base. Employment in the industry is projected to reach just over 5.6 million in With an annual growth rate of only 1.6% over the projection period, the hospitals industry is the slowest-growing industry within the health care and social assistance sector. The shift from hospitals, which are more expensive, to outpatient services, which are less expensive, is expected to contribute to this slower job growth. The nursing and residential care facilities industry provides assisted living services, including nursing, rehabilitation, and other related personal care, to those who need continuous care but do not require hospital services. The shift to more outpatient services, the increasing population of elderly people seeking to maintain some level of independence, and improvements in technology allowing younger patients shorter rehabilitation stays are expected to make this industry one of the largest and fastest-growing among all industries. The number of jobs in nursing and residential care facilities is projected to grow by 760,700, from almost 3.2 million in 2012 to almost four million in 2022, an annual rate of increase of 2.2%. The home health care services industry, which provides in-home care such as nursing and physical therapy, has the fastest-growing employment of all industries and one of the largest increases in employment. The growth in employment in this industry is driven by an aging population and the lower cost of home health care settings relative to that of inpatient facilities. The industry is projected to add 715,700 jobs, at an annual growth rate of 4.8%, reaching a level of more than 1.9 million jobs by Although this job growth is larger than the 518,800 jobs added from 2002 to 2012, it is slower than the 5.8%-per-year growth experienced between 2002 and The individual and family services industry, which provides a variety of social services to children, elderly people, people with disabilities, and others, is projected to have the second-fastest growth in employment and the ninth-largest increase in employment. The industry is expected to add 711,500 jobs, at an annual rate of 4.4%, to reach a level of just over two million jobs in Employment growth in this industry is driven by the shift in demand for services from higher-cost inpatient facilities to lower-cost individual and family service providers. Retail Trade The retail trade sector is projected to see some of the largest and fastest increases in employment in the entire economy. The expected rise in personal consumption expenditures is a major factor contributing to these increases. Although personal consumption expenditures declined during the Great Recession, they started to rebound in Over the projection period, personal consumption expenditures are expected to increase from $9.6 trillion in 2012 to almost $12.4 trillion in 2022, an annual growth rate of 2.6%, which is higher than the 1.8% growth rate experienced during the previous decade. Employment in retail trade is expected to rise by more than one million to reach almost 16 million by This projected increase is the third largest among all industries. However, the annual growth rate of 0.7% for employment is lower than the overall growth rate of employment for the economy. This difference is due to the sector s large employment base. The demand for information technology, health care, and temporary help services will drive an increase in employment services industry jobs up to 4.0 million in Employment Services This industry, which comprises employment placement firms, temporary help services, and professional employer organizations, is projected to increase from more than 3.1 million in 2012 to almost 4.0 million in The increase of 781,700 jobs, at an annual rate of 2.2%, makes this industry one of the largest and fastest-growing in terms of employment. The demand for information technology, health care, and temporary help services is driving the employment growth in this Staffing Success 29
4 industry, BLS says. By far, most of those jobs will be temporary and contract positions with staffing companies. Computer Systems Design and Related Services Employment growth in this industry is being driven by the demand for increased network and computer systems security, mobile technologies, and custom programming services, along with the growing use of electronic health records. The industry is expected to add 608,700 jobs, up from the 467,500 jobs added between 2002 and 2012, to reach a level of just over 2.2 million jobs by 2022, one of the largest increases in employment. The 3.2% annual growth rate projected for the period also is one of the fastest among all industries, but slightly slower than the 3.5% annual growth rate experienced in this industry during the prior projection period. Federal Government Increased pressure to reduce government spending and budget deficits will contribute to employment declines in the federal government. The sector is projected to see the largest decrease in employment of any of the major service-providing sectors, and is expected to lose 407,500 jobs between 2012 and 2022, for a decrease of 1.6% per year. By contrast, the federal government grew by 48,000 jobs, at an annual rate of 0.2%, during the projection period. General federal nondefense government compensation, which is government spending to produce goods and services by civilian federal employees, is projected to experience the largest decrease in employment among all industries. Pressure to curb government spending in order to reduce the budget deficit is expected to decrease employment in this industry. Employment is projected to fall by 180,300, from just under 1.6 million in 2012 to just under 1.4 million in 2022, at an annual rate of decline of 1.2%. This decline accounts for more than 44% Figure 2: Five Industries Projected to Experience the Largest Declines Thousands of Wage and Salary Jobs, General federal nondefense government U.S. Postal Service Newspaper, periodical, book, and directory publishers of the expected job losses in the federal government sector and contrasts with the 218,500 jobs added in the industry during the previous period. The postal service is projected to incur job losses as consumers increase their use of and online bill payments, and as the circulation of magazines and catalogs decreases. The U.S. Postal Service will account for more than 40% of the expected job losses within the federal government. Employment in the industry is projected to decrease by 169,100, an annual rate of decline of 3.2%, to fall to 442,100 in 2022, representing the second-largest and the fourth-fastest decline in employment among all industries. Information Sector The information sector is one of the three sectors (utilities and the federal government being the others) within the service-providing sectors that is expected to experience a decline in employment over the projection period. Employment is projected to fall by 65,200, or 0.2% annually, to reach a level of just over 2.6 million in The slower growth in employment in this sector is driven by the projected loss of 105,000 jobs, at 2.6% annually, in the newspaper, periodical, book, and directory publishers industry. This loss is due mainly to a decrease in circulation caused by the rise of information available on the Internet and mobile devices Apparel manufacturing 57.5 State government Source: U.S. Bureau of Labor Statistics Manufacturing Sector Overall employment in the manufacturing sector is expected to decrease slightly from 2012 to Although 58 of the 77 detailed industries within this sector are projected to see employment declines over the projection period, several manufacturing industries are expected to experience some growth in the next decade. The majority of the employment growth in this sector is expected to occur in industries that are connected to the construction 30 Special Issue 2014
5 sector. However, manufacturing is not projected to see the postrecession rebound in employment of other sectors. Expected manufacturing employment declines are due to productivity gains, international trade, and consolidation of firms. The sector s role in the U.S. economy has changed over time; today, its contributions are larger in innovation, productivity, and international trade than in job creation. New manufacturing jobs will be added over the projection period, but these employment gains will not make up for the job losses that occurred from 2002 to U.S. manufacturers have been replacing workers with machines. Many new jobs in the sector are in the information technology field and require workers who can operate networked robotic machines, develop software, and manipulate electronic databases. Along with these developments, the demand for assembly-line workers has declined. Requirements for critical-thinking skills have also increased with changes in technology, rivaling those for product design and creation. Workers with advanced manufacturing skills are now more in demand than are workers with few or no skills. Manufacturing employment saw a steady decline through 2010 and then an uptick in 2011 and However, growth over the projection period is not expected. Employment in the manufacturing sector is projected to decrease at an annual rate of 0.5%, from just over 11.9 million in 2012 to just under 11.4 million in The loss of 549,500 jobs is substantially smaller than the loss of more than 3.3 million jobs during the period. Services to Dominate BLS projects that overall economic and employment growth will improve in the decade as compared with the decade, which saw a major recession, the lingering effects of which are still evident in the economy. Although the economy began to recover in 2009, overall employment did not start to grow until The service-providing sectors are expected to account for the majority of the employment growth over the decade, representing 80% of all jobs in Health care plus professional and business services (which includes staffing) are expected to account for more than a quarter of all jobs in And these sectors are projected to create more than half of all job gains from 2012 to Meanwhile, goods-producing industries will, overall, recover employment during the decade. Most of that growth will be in construction and in manufacturing industries related to construction. The loss of manufacturing jobs will slow, but also will continue. Because the temporary help industry is considered a service industry, and staffing jobs in industrial or manufacturing occupations are counted by BLS as service jobs, these projections do not estimate the degree to which the decline in manufacturing jobs may be due simply to jobs shifting from goods-producing employers to service-providing employers. BLS clearly sees a bright future for the staffing industry. Staffing employment is projected to grow faster than the economy, faster than overall employment, and faster than all but a handful of other industries. The occupational mix of staffing employment is likely to shift, though, as construction recovers, health care expands, and manufacturing stabilizes in the coming years. n Steven P. Berchem, CSP, is chief operating officer and Cynthia Poole is director of research for the American Staffing Association. Send feedback on this article to success@ americanstaffing.net. Follow ASA on ARE YOU A MEMBER OF THE SEARCH AND PLACEMENT ELITE? Only the ASA Certified Search Consultant Program Delivers Top-Level Expertise and Prestige. ASA Certification Programs Get Started Today. americanstaffing.net/certification Staffing Success 31
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