Where Will the U.S. Find Tomorrow’s Work Force?
The labor force is expected to increase by 8.9 million people, or 5.5 percent, by the year 2030, but don’t expect the gains to come from the next generation of potential workers.
The labor force is expected to increase by 8.9 million people, or 5.5 percent, by the year 2030, but don’t expect the gains to come from the next generation of potential workers.
While there may not be any more farmers today than ten years ago, there are more workers in agriculture.
According to the latest Consumer Price Index released by the U.S. Bureau of Labor Statistics, the food price index increased 0.7 percent in July after rising 0.8 percent in June.
U.S terms of trade with Mexico advanced 4.9 percent for the year ended in March 2021, the largest year-over-year increase since the index was first published in December 2017.
U.S. import prices increased 6.9 percent from March 2020 to March 2021, the largest year-over-year increase since January 2012.
U.S. import prices rose 3 percent in February from the same time last year, the largest 12-month advance since October 2018.
The Producer Price Index for final demand increased one-half of one percent in February according to the U.S. Bureau of Labor Statistics.
The Consumer Price Index for All Urban Consumers increased 0.4 percent in February on a seasonally adjusted basis after rising 0.3 percent in January, according to the U.S. Bureau of Labor Statistics.
The U.S. Bureau of Labor Statistics reports that in 2020, agricultural workers spent 78 percent of their workday standing, well above the national average
Total nonfarm payroll employment rose by 1.4 million in August, according to the Bureau of Labor Statistics while unemployment fell 2.8 million to 13.6 million in August.
According to the Occupational Outlook Handbook, the U.S. economy is projected to grow by .4 percent or an additional 6 million jobs by 2029.