The 2008-18 job outlook in brief

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					        The 2008–18
         job outlook
           in brief

    S
           ome occupations will fare better than others
           over the 2008–18 decade. Although it’s
           impossible to predict the future, we can
    gain insight into job outlook by analyzing trends
    in population growth, technological advances,
    and business practices. This insight is helpful in
    planning a career.
      The Occupational Outlook Handbook—
    published every 2 years by the U.S. Bureau of
    Labor Statistics (BLS)—features projections of
    long-term job growth and employment prospects
    for nearly 300 occupations. This special issue
    of the Occupational Outlook Quarterly (OOQ)
    includes a table summarizing that information so
    readers can compare occupations at a glance.
      The next few pages help you get the most out of
    that table. Read on to learn what BLS projections
    mean, why employment is changing, and how
    BLS makes its projections.
2
  Understanding                                Understanding
   employment                                    job growth
   projections                               In the table, projected employment
                                             change over the 2008–18 decade is
BLS projections give a broad overview        shown in two ways: as a number and as
of future employment conditions. They        a percent. The number shows the actual
show expected changes in employment          number of jobs projected to be added
over the entire 2008–18 decade, but they     or lost in an occupation. Percent change
do not depict variation from one year        shows the rate of expected job growth or
to another. Also, BLS projections are        decline.
national in scope. Because conditions             Sometimes, occupations with large
vary significantly by location, jobseekers    projected changes in employment are
should supplement this general analysis      also growing or declining at a fast rate.
with more specific information from           For example, between 2008 and 2018,
State workforce agencies and career          employment of registered nurses is
counselors. (See, for example,               expected to grow by almost 582,000
www.careeronestop.org.)                      jobs—the largest projected gain of
     BLS projections show expected           any occupation. And the occupation’s
job growth or decline in various oc-         projected growth rate of 22 percent is
cupations. Usually, occupations that         well above the 10-percent average for all
are gaining jobs offer more opportuni-       occupations.
ties for workers than other occupations           Other times, there is no correlation
do. Each job that is added to a grow-        between projected numeric changes
ing occupation equals an opening for a       in employment and rapid growth or
worker trying to enter that occupation.      decline. Financial e
				
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