Service sector dominant source of new jobs

December 03, 1999

The service-producing sector of the economy is projected to grow by 19.1 million wage-and-salary jobs between 1998 and 2008. This represents nearly 95 percent of total employment growth over that period. In the latter year, the service-producing sector will account for almost 3 out of every four jobs in the U.S. economy.

Projected employment change, selected industries, 1998-2008 (in millions)
[Chart data—TXT]

Within the service-producing sector, the robust growth of the services industry division will continue. Employment in this diverse group of industries is projected to increase by 11.8 million by 2008, accounting for about 60 percent of total growth in the service-producing sector.

Within the services division, nearly three-quarters of projected job growth is concentrated in three industry groups—business services (4.6 million jobs), health services (2.8 million) and engineering, management and other services (1.1 million).

Projections of the industrial composition of employment are a product of the Employment Projections program. The services industry division is the sub-set of the service-producing sector of the economy that supplies services to other businesses and to individuals. Other service-producing industries include transportation, communications, utilities, trade, finance, and government. To find out more, see articles from the November 1999 issue of Monthly Labor Review.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Service sector dominant source of new jobs on the Internet at http://www.bls.gov/opub/ted/1999/nov/wk5/art05.htm (visited July 26, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.