5 ways the U.S. workforce has changed, a decade since the Great Recession began

Job Fair for Amazon

The shift toward service jobs continues, though more slowly.

That’s reason #5.

❝ Today, 83.9% of all private-sector nonfarm jobs are classified as service-providing, up from 81.1% a decade ago, while the share of jobs in goods-producing sectors – mining, logging, construction and manufacturing – fell from 18.9% in December 2007 to 16.1% in October. The service sector’s relative share grew rapidly from 2007 to early 2010, as the economy shed thousands of construction and manufacturing jobs in the wake of the collapse of the housing bubble, but has grown only slowly since.

Pew does a better-than-needed job of investigating the realities of Life On Earth, mostly nowadays. RTFA for a snapshot of how and where our economy is being reshaped.

One thought on “5 ways the U.S. workforce has changed, a decade since the Great Recession began

  1. Roomba says:

    Foreign companies now employ 18.5 percent of manufacturing workers in the U.S., according to the Brookings Institution. https://www.theatlantic.com/business/archive/2017/06/china-american-factories/531507/ Also: “a study published last year in the Journal of Hand Therapy that indicates that today’s workers might be physically weaker than American workers of the past, which would explain some of why it’s harder to find good factory workers. Men younger than 30 have weaker hand grips than their counterparts in 1985 did, the study found. Grips might have gotten weaker because men are no longer accustomed to working in manufacturing or farming, but are instead prepared to sit at desks and work on computers.” https://www.ncbi.nlm.nih.gov/pubmed/26869476
    Meanwhile: “A much-quoted 2013 study by the University of Oxford Department of Engineering Science — surely the most sober of institutions — estimated that 47 percent of current jobs, including insurance underwriter, sports referee and loan officer, are at risk of falling victim to automation, perhaps within a decade or two. Just this week, the McKinsey Global Institute released a report that found that a third of American workers may have to switch jobs in the next dozen or so years because of A.I. (NYT Dec 11, 2017) https://www.nytimes.com/2017/12/11/style/robots-jobs-children.html
    See also the 2017 Artificial Intelligence Index http://cdn.aiindex.org/2017-report.pdf

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