Monday, April 23, 2012

Employment Projections for Hospitality and Tourism, 2010-2020

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The Hospitality and Tourism career cluster is projected to experience moderate growth between 2010 and 2020. According to estimates by the Bureau of Labor Statistics (BLS), about 17.8 million people were employed in Hospitality and Tourism occupations in 2010, and employment is expected to grow to around 19.6 million by 2020. A portion of this growth will be making up for employment lost during the recession when the leisure and hospitality industry was particularly hard hit. The overall growth rate for the cluster is projected to be about average compared to other clusters at 10%.

Cluster Overview: Expectations for Change, 2010-2020
The Hospitality and Tourism cluster is very vulnerable to downturns in the economy. Restaurants, hotels, and leisure experiences are luxuries for many individuals and businesses and one of the first expenses to be cut when times are hard. Employment in the cluster fell significantly in the last recession, though it seems to have begun recovering, and the BLS forecasts that it will see growth across the decade. Nonetheless, those working in the field should be aware that it will be one of the first to experience cutbacks in the next inevitable recession.

Employment Projections for Human Services, 2010-2020

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The Human Services career cluster is projected to experience fast growth between 2010 and 2020. According to the Bureau of Labor Statistics, occupations in this cluster employed around 6.5 million workers in 2010 and will employ over 8 million by 2020. Human Services is expected to add jobs faster than the national average, growing by 26 percent between 2010 and 2020.

Cluster Overview: Expectations for Change, 2010-2020
This cluster includes a variety of different kinds of occupations that will probably grow at different rates over the next  decade and for different reasons.

Employment Projections for Information Technology, 2010-2020

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Information Technology is one of the fastest growing career clusters. According to estimates by the Bureau of Labor Statistics, Information Technology employed 3.7 million people in 2010 and is expected to employ 4.5 million by 2020. Employment in IT occupations is projected to grow by 22 percent between 2010 and 2020—faster than the expected growth rate for all occupations of 14 percent.

Despite the importance of information technology for the American economy, the BLS does not track many detailed occupations in this field. In contrast to the 110 occupations that are tracked in Manufacturing, the BLS tracks just ten very broad "computer occupations." In 2010, the BLS revised the occupation coding system, but did not add any additional detailed computer occupations. The ten broad occupations for which we have employment data and projections are:

Monday, April 9, 2012

Employment Projections for the Finance Career Cluster 2010-2020

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Finance is one of the smallest career clusters and is not projected to grow by a substantial amount over the next decade. The Bureau of Labor Statistics (BLS) estimates that about 3.8 million workers were employed in the cluster in 2010, and expects to see fewer than 500,000 jobs added through 2020. The expected growth rate of about 11 percent is about average compared to other clusters.

Cluster Overview: Expectations for Change, 2010-2020
In the Finance cluster, as is true for other clusters, many occupations are declining or growing only slowly because technology is reducing the need for workers. New computer systems are increasing efficiency in the workplace and, in some cases, even eliminating the need for workers. As a result, fewer new employees are needed even when business grows. This trend most severely impacts low skilled workers and those who do routine jobs. As people switch to online banking, we need fewer Bank Tellers, and as financial records are more comprehensively digitized, we need fewer Credit Authorizers, Checkers, and Clerks. This trend has been growing for decades, and the recent recession intensified it. Jobs that can be automated will be automated, both because software is cheaper than paying for labor and because customers like the convenience of digital services.

Employment Projections for Government and Public Administration 2010-2020

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Government and Public Administration is the smallest career cluster. Only 18 of the occupations tracked by the Bureau of Labor Statistics (BLS) are included in this cluster; thus, the total employment is only about 1.8 million workers. Cluster employment is projected to decline through 2020 with the loss of about 22,000 jobs.

Unfortunately, the national system for matching occupations to career clusters is particularly unsatisfactory for Government and Public Administration for two reasons. First, the only occupations matched to this cluster are those that appear exclusively in government service (occupations such as Legislators, Postmasters, and Tax Examiners), but the vast majority of those employed in public service work in occupations that are not exclusive to this industry. Second, the list of government service occupations that the BLS tracks is small, and many government specialties are not included.

Employment Projections for Health Science, 2010-2020

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Heath Science will be the fastest growing career cluster over the next decade, according to projections by the Bureau of Labor Statistics (BLS).  By 2020, employment in Health Science occupations is projected to grow from 12 million to over 15 million, with 3.5 million new jobs added.  Overall employment is expected to increase by 29 percent, much faster than other clusters and than the national growth rate of 14%.

Cluster Overview: Expectations for Change, 2010-2020
America's population is growing and is growing older, which will result in an increased demand for health services. Registered Nurses, the largest health occupation by far with an estimated  2.7 million workers, is expected to grow by over 25 percent to 3.45 million by 2020 and to offer about 1.2 million job openings. The second and third largest occupations, Home Health Aides and Nursing Aides, employ over a million workers each, and are expected to grow at a fast pace and to offer over an additional 1.2 million job openings through 2020.