U.S. Business Sectors Projected Accelerated Employment Growth

Key U.S. Business Sectors Projected to See Accelerated Employment Growth Through 2024

2018’s accelerated employment growth is set to continue through 2024. The BLS reports that since 2014, non-farm payroll employment has increased at an accelerated rate.

Growing at a monthly average +227,000 in 2015, +193,000 in 2016, and +179,000 in 2017. This according to the U.S. Bureau of Labor Statistics Current Employment Statistics (CES) survey.

Job growth in 2018 remained strong outpacing both of the two previous years with 2.7 million jobs created. An average monthly gain of 223,000 jobs, numbers unseen since 2015.

This was in large part due to accelerated growth in service-providing industries, more specifically professional / business services and education/healthcare services. Combining for just over 40% of the jobs created in 2018, with 1.1 million total jobs added.

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