Occupational growth can be considered in two ways: by the rate of growth and by the number of new jobs created by growth. Some occupations both have a fast growth rate and create a large number of new jobs. However, an occupation that employs few workers may experience rapid growth, although the resulting number of new jobs may be small. For example, a small occupation that employs just 1,000 workers and is projected to grow 50 percent over a 10-year period will add only 500 jobs. By contrast, a large occupation that employs 1.5 million workers may experience only 10 percent growth, but will add 150,000 jobs. As a result, in order to get a complete picture of employment growth, both measures must be considered.
Saturday, April 09, 2011
Explaining the Obvious: Fastest Growing Occupations
Posted by Tom Hoffman at 8:01 PM
Subscribe to: Post Comments (Atom)
Post a Comment