Career Action Blog

BLS Releases New OOH and Employment Projections Simultaneously

Employment is projected to increase by 11.5 million over the next decade, an increase from 156.1 million to 167.6 million, the U.S. Bureau of Labor Statistics (BLS) reports. The new projections are the foundation of the Occupational Outlook Handbook (OOH), one of the nation’s most widely used career information resources.

The updated OOH is now available online. In the past, several months would elapse between the projections' data release and the OOH's physical publication. With the online OOH publication, the delay no longer exists.

Per the projections, health-care industries and their associated occupations are expected to account for a large share of new jobs projected through 2026, as the aging population continues to drive demand for health-care services.

The labor force will continue to grow slowly and to become older and more diverse. The aging population is projected to result in a decline in the overall labor force participation rate over the 2016 to 2026 decade.


link