9 More Workforce Trends Worth Knowing

Trends to watch 1. There have been job gains at the highest paid level — engineering, finance, computer analysis; and there have been job gains at the lowest paid level — personal health care, retail, and food preparation.

Source: Federal Reserve Bank


2. The jobs that kept the middle class out of poverty — education, construction, social services, transportation, administration — have seen a decline since the recession, especially in the northeast. At a national level jobs gained are paying 23 percent less than jobs lost.

Source: Federal Reserve Bank


3. The lowest paid workers, those in housekeeping and home health care and food service, have seen their wages drop 6 to 8 percent (although wages overall rose about 2 percent in 2014).

Source: Federal Reserve Bank


4. By 2018, 63 percent of all jobs will require some kind of post-secondary education and training. Including both new job openings and the replacement of retirees, high skills jobs will represent 33 percent of job openings, low skills jobs 22 percent and middle skills jobs 45 percent through 2014.2 This means roughly 78 percent of all available jobs will require education beyond high school. These projections of high, middle and low skills jobs are fairly consistent across all states.

Source: Brookings Institute


5. Forty-five percent of individuals with some college and 45 percent of individuals with associate degrees (those most likely to be employed in middle skills jobs) were in the middle income classes in 2007. » More than 85 percent of the nearly 73 million individuals who earned minimum wage or less in 2010 did not have a postsecondary degree — and nearly 60 percent had only a high school diploma or less.

Source: Brookings Institute


6. While a total of 21 million jobs are needed to put Americans back to work at prerecession rates, six sectors (health care, business, leisure and hospitality, construction, manufacturing, and retail) are projected to contribute to the majority of the growth.

Source: Brookings Institute


7.  Every 1,000 American women between the ages of 15-44 delivered 122.7 births in 1957.  The rate was just 62.9 births per 1,000 women in 2014

Source: Census Bureau


8. More than 1 in 3 American workers today are Millennials (adults ages 19 to 35 in 2016). In 2015 they surpassed Generation X to become the largest share of the American workforce. The youngest Baby Boomer is now 52 years old!

Source:  Pew Research Center


9.During the next year, 1 in 4 Millennials will quit his or her current employer to join a new organization or do something different.  That figure increases to 44% if the time frame is extended to 2 years.

Source: Deloitte Millennial Survey


To read about 9 more trends, click here.

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Ira S Wolfe