American Employment Outlook
According to the United States Bureau of Labor Statistics, the unemployment rate is expected to remain at 3.6 percent in 2019 but see a small increase to 3.8 percent by 2021.
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This is encouraging news for job seekers as the rate was 9.9% only a decade ago.
Take a look at some encouraging statistics about the current employment outlook as reported by the United States Department of Labor.
Employment in the health care industry has continued to trend upward by adding over 391,000 jobs over the past 12 months.
In 2019, the average hourly earnings have increased by 3.1%. In May, the total was $27.83 per hour.
In May alone, the United States economy gained 75,000 jobs. Mostly in health care, hospitality and financial activities.
The number of involuntary part-time workers declined by 565,000 over the past year as full-time positions opened.
Two states reported historically low unemployment rates in May, Vermont at 2.1% and Texas at 3.5%.
Solar photovoltaic installers, wind turbine service technicians and home health aides are amongst the fastest growing occupations in the country. The Bureau of Labor projects employment to grow by 11.5 million jobs by 2026.
Registered nurses, medical assistants and medical secretaries are the occupations with the most job growth in the health care industry.
The software development industry has a projected growth of 30.7 percent by 2026.
Occupations that require postsecondary education are projected to grow faster than those which don’t.
As companies enhance their big data analytics strategies, the mathematical science industry is projected to gain 50,400 job.
The average health care salary is expected to experience the most growth by 2026, at a rate of 1.9%.