Another day, another study. This one is from the U.S. Department of Labor and if you can get past the optimistic spin placed on it, there is some valuable information here.
The study, titled America's Dynamic Workforce: 2006 covers a variety of summary statistics such as U.S. output, unemployment rates, and labor force participation rate.
So what's relevent in here for us?
- Figure 1-7 indicates annual hires rose substantially from 2003-2005
- Figure 1-11: Most recent growth has been in "higher paying" jobs (although the single greatest growth occurred in jobs paying an average of $14.57 an hour)
- Figure 3-5: From 2001-2005 there was dramatic job growth in the area of employment services
- Figure 4-7: Nearly 2/3 of new jobs created will require at least some college education
- Figures 5-1 and 5-2: While job tenure has dropped for men over the last 20 years, it has remained nearly identical for women
Lots of stuff here that we've seen before elsewhere, but if you want a macro view of our current and future labor market, check it out.