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Health care and social assistance to have largest share of total employment by 2024
December 31, 2015
The health care and social assistance industry is projected to increase its share of total wage and salary employment to 14.5 percent by 2024, up from 12.8 percent in 2014 and 10.8 percent in 2004. The share of employment represented by professional and business services is also projected to increase, rising from 12.3 percent in 2004 and 13.5 percent in 2014 to 13.9 percent in 2024.
Share of total wage and salary employment by industry, 2004, 2014, and projected 2024
Industry
2004
2014
2024
Total wage and salary
100.0
100.0
100.0
Mining
0.4
0.6
0.6
Construction
5.2
4.3
4.6
Manufacturing
10.7
8.6
7.6
Utilities
0.4
0.4
0.3
Wholesale trade
4.2
4.1
4.1
Retail trade
11.3
10.9
10.7
Transportation and warehousing
3.2
3.3
3.2
Information
2.3
1.9
1.8
Financial activities
6.1
5.7
5.6
Professional and business services
12.3
13.5
13.9
Educational services
2.1
2.4
2.5
Health care and social assistance
10.8
12.8
14.5
Leisure and hospitality
9.4
10.4
10.4
Other services
4.6
4.5
4.4
Federal government
2.0
1.9
1.6
State and local government
14.1
13.6
13.2
Agricultural wage and salary
0.9
1.0
0.9
The share of total wage and salary employment represented by manufacturing is projected to decline in the coming period, falling from 10.7 percent in 2004 and 8.6 percent in 2014 to 7.6 percent in 2024. The decline in manufacturing’s employment share is the largest of any industry sector for the 2014–24 period.
United States Department of Labor
