WorkforceGPS has released long-term employment projections for 2018 to 2028 that cover more than 800 occupations and 290 industries at the national level. The report presents trends and projections for in-demand industries, and the growth and decline in different sectors.
The first key trend is the slowing population and slowing labor force growth. The analysis projects only half of a percentage point of growth in the labor force between 2018 and 2028, which is significantly slower than in prior decades. Though labor force and population growth are both slowing, labor force growth is declining faster than population growth because of the aging population. Unemployment is still low, even though the boost in employment that occurred between 2010 and 2018 is no longer present.
Another finding is that health care occupations are projected to increase faster than any other sector, with 6 of the 10 fastest-growing occupations related to health care. Following health care, the next two fastest-growing occupations are in personal care and service, followed by computer and mathematical occupations. The jobs that are projected to decline are production, office and administrative support, and sales and related occupational groups. Automation is mostly driving the decline in these areas.