US Workforce to Add 11.5 Million Jobs by 2026
The U.S. economy is expected to add another 11.5 million jobs by 2026.
The projection comes from the U.S. Bureau of Labor Statistics, which says job growth will accelerate slightly from its current pace, but will not return to the brisk gains seen over the previous decades.
Over the decade, nine out of 10 new jobs will be in the services sector, particularly health care. Employment by companies that produce goods is expected to grow at a meager one-tenth of one percent a year, with a gain of just 219,000 jobs by 2026.
The workforce is expected to become more diverse as Asian and Hispanic parts of the U.S. population grow more quickly than average. Whoever is in the workforce will find additional education important, as two out of three jobs in the fastest-growing areas require at least some post-secondary education and training.
The whole U.S. economy is predicted to expand at a two percent annual rate. That is faster than the current growth rate, but below the gains seen in previous decades.