The US workforce projected to grow 6.5 percent by 2024 – Move To America
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The US workforce projected to grow 6.5 percent by 2024

10727642_sThe U.S. workforce is expected to integrate 163.8 million jobs by 2024 according to the Bureau of Labor Statistics. That’s an average growth of 0.5 percent annually and an overall increase of 6.5 percent compared to this November’s 157.3 million. At the same time, the gross domestic product is anticipated to grow at an annual rate of 2.2 percent over the next decade.

Some industries will be more active than others in terms of jobs gain and the service sector will be responsible for most of the economic growth. 94.6 percent of jobs added between 2014 and 2024 go to the service-providing sectors. Manufacturing employment will not see a boost too soon, but at least the decline will slow down, economists say, and eventually the industry will start to add new jobs. Professional and business services are also expected to see additional jobs, as well as health and social assistance, hospitality, leisure, and construction.

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