The U.S. Chamber of Commerce recently released data about the current state of our workforce and the trajectory path it’s heading on. Several data points were included in areas ranging from demographics, trending fields, and more.
By the numbers:
167.8 million people in today’s workforce – expected to grow to 169.6 million over 7 years
Estimated labor force participation rate in 2030 drops to 60.4%
117% increase in number of workers 65 or older over two decades
Women account for 46.8% of the workforce
Construction, manufacturing, and mining sectors are seeing the slowest growth
Postal services, retail trade, and utilities industries are seeing declines in employees
Service-providing sectors (health, education, entertainment) expected to account for most added jobs through 2032
Record profits are being seen in oil industry – but instability in these fields are causing declining interest
Business, healthcare, and social sciences are the most popular degrees being pursued