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September, 1987, Vol. 110, No. 9

Industry output and employment
through the end of the century

Valerie A. Personick

More than 21 million new jobs are projected to be added to the U.S. economy between 1986 and the year 2000, bringing total employment to just over 133 million. Many industries are projected to share in this expansion and enjoy strong job growth, but several, especially some in manufacturing, are not. This article describes the trends of industry output and job growth projected by the Bureau of Labor Statistics for the remainder of the 20th century.

The 21 million new jobs translate into an increase of 19.2 percent over the projection period, or annual growth of 1.3 percent. This compares to annual rates of job growth of 2.6 percent over the 1972-79 period, and 1.4 percent over the 1979-86 period. Thus, projected employment increases are expected to occur at a slower pace than in the past.

This excerpt is from an article published in the September 1987 issue of the Monthly Labor Review. The full text of the article is available in Adobe Acrobat's Portable Document Format (PDF). See How to view a PDF file for more information.

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