The US economy to add 9.8 million jobs in ten years – Move To America
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The US economy to add 9.8 million jobs in ten years

10727642_sThe U.S. economy is expected to generate almost ten million new jobs by 2024, according to data provided by the Labor Department. From 2014 to 2024, the economy will gain 9.8 million additional jobs, growing from 150.5 million to 160.3 million jobs by the end of the decade. As a result, the number of people in the workforce will also rise from 155.9 million to 163.8 million employees, with an annual growing rate of 0.5 percent. Labor participation will reach 60.9 percent by 2024 and the unemployment rate will remain in the range of 5 percent.

Services will be responsible for most of the new jobs added by 2024. The health care and the social assistance sectors will provide 9.3 million extra jobs, meaning 94.6 percent of all new jobs between 2014 and 2024. Constructions will gain 790,400 extra jobs by 2024. In terms of retribution, most new jobs will pay around $30,000-40,000 a year.

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