01.13.2025
A Cup of Joe Could Break the Bank
Over the last few years, a cup of coffee has become much more expensive as the costs of the two…
This week’s Chart of the Week shows projected trends for non-agriculture employment in the U.S. by major industry sectors over the 2010-2020 timeframe. Every two years, the Bureau of Labor Statistics (BLS) estimates labor force trends over a 10-year period. BLS employment estimates are based on projected changes in both population growth and labor force participation rates within U.S. demographic groups.
Notable employment changes during this time include health care and social assistance (5.6 Mil), professional and business services (3.8 Mil), and construction (1.8 Mil). Nearly half of the projected job growth during 2010-2020 is expected to come from health care / social assistance and professional and business services. Despite strong projected growth in the construction industry, employment is not expected to reach pre-recession levels. Federal government employment is expected to lose approximately 370K jobs with nearly half of those reductions coming from the Postal Service.
The latest release, from February 2012, reflects key demographic changes taking place in the U.S. over the next 10 years. A slower rate of growth within the U.S. population, the continued aging of the baby-boom generation, and decreases in labor force participation rates are expected. These changes will have an effect on both the rate of growth within the U.S. economy as well as which industries will be the driving force of that growth.
The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.
01.13.2025
Over the last few years, a cup of coffee has become much more expensive as the costs of the two…
01.06.2025
Large-scale government programs aimed at stabilizing the nation’s economy in the wake of the pandemic, higher interest costs, and an…
01.02.2025
— JANUARY 16, 1:00pm CT — Please join Marquette’s research team for our 2025 Market Preview Webinar…
12.31.2024
This week’s chart details each calendar year return for the S&P 500 Index dating back to 1928, with consecutive 20%+…
12.18.2024
An increase in defaults across below investment grade issuers, which are viewed as the weakest and riskiest, is often the…
12.11.2024
The cryptocurrency space is making waves again after a robust post-election rally drove bitcoin over $100,000 earlier this month. While…
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