1 / 25

Trends in the Maine Labor Market

Trends in the Maine Labor Market. Historical trends and projections to the year 2018. Maine Department of Labor Center for Workforce Research & Information. Demographic trends and labor force growth. Births have declined 40 percent since the height of the baby boom.

clarke
Télécharger la présentation

Trends in the Maine Labor Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Trends in the Maine Labor Market Historical trends and projections to the year 2018 Maine Department of Labor Center for Workforce Research & Information

  2. Demographic trends and labor force growth

  3. Births have declined 40 percent since the height of the baby boom

  4. Net in-migration has become the primary source of population growth Average annual net change in population by source

  5. The population is aging rapidly Projected population net change by age group, 2008 to 2018

  6. Half the population will be age 44+ in 2018

  7. Labor force participation peaks around age 50 and declines at an accelerating rate with age Labor force participation by age group

  8. Unemployment rates have generally been lower among women than men since the 1980s

  9. Female labor force participation is no longer rising

  10. Labor force growth is slowing due to the combination of baby boomers aging beyond their peak years of labor force attachment and peaking of the share of working women

  11. Demographic trends not only impact total workforce growth, but also demand for products and services and jobs related to production of those items • A growing middle-age and elderly population will keep demand for health and retirement services rising. • Demand for financial services will continue to rise as baby boomers increasingly focus on retirement planning. • Businesses will continue to pursue productivity gains through automation and more efficient work practices as a response to slower labor supply growth. • Geographic boundaries will continue to fall as consumers and businesses increasingly use technology to locate and purchase products and services, communicate, and perform administrative functions.

  12. Industry employment trends

  13. Service-providing industries have increased from just over half to 87 percent of jobs in less than 60 years

  14. Service-providing industries have been the engine of job growth for decades...

  15. ... That trend is expected to continue through 2018 with more manufacturing job losses and growth in health care and other services Projected change in jobs 2008 to 2018

  16. The outlook by sector is similar to the previous ten year period, though job gains and losses are expected to moderate. Most job growth is expected in education & health care, professional & business services, and leisure & hospitality. Manufacturing job losses are expected to continue.

  17. Industry employment trends and technological change influence what occupations or skills are in demand

  18. Occupational employment trends

  19. The share of jobs in blue-collar occupations has steadily declined in the last five decades

  20. The fastest job growth is expected to continue to be in professional/technical and service occupations... Projected change in jobs by occupational group, 2008 to 2018

  21. ...at the upper end of the education/training spectrum... Projected change in jobs by usual education or training requirement, 2008 to 2018

  22. Also related to managerial and professional job growth, the fastest growth is expected in occupations at the upper end of the earnings spectrum Projected change in jobs by 2008 average wage

  23. ...Though there will continue to be more jobs with lower education/training requirements

  24. Occupational employment trends will continue to be driven by broad demographic trends in the population, shifts in jobs by industry, and technological change

More Related