Millennial themes: age, education, services
December 01, 1999
The Bureau of Labor Statistics recently released its work force projections for the period 1998-2008.
Some of the themes that may be important to watch unfolding over the next several years include:
- The continuing aging of the labor force. The median age of workers is projected to rise to nearly 41 years. At that level, the median age of the labor force will just exceed the previous high of 40.5 years reached in 1962.
- The growing importance of education. Occupations that require at least an associate degree will account for 40 percent of all job growth out to 2008, compared to a one-quarter share of all jobs that existed in 1998.
- The dominance of the service-producing sector as a source of employment growth. In the projection period—1998 to 2008—the service sector will account for more than 90 percent of job growth.
Projections of the labor force and the industrial and occupational composition of employment are a product of the Employment Projections program. To find out more, see articles from the November 1999 issue of Monthly Labor Review.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Millennial themes: age, education, services on the Internet at https://www.bls.gov/opub/ted/1999/nov/wk5/art03.htm (visited July 27, 2017).
Recent editions of Spotlight on Statistics
Employer-sponsored healthcare coverage across wage groups
A look at the relationship between employee wages and access to, participation in, and costs of employer-sponsored medical, dental, and vision care benefit plans.
Sports and Exercise
A look at participation and time spent in sports and exercise activities.
Women at Work
A look at women's labor force participation and earnings, how women spend their time and money, the nature of fatal work injuries, and labor force projections for the future.
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.