Employment facts in the U.S.

To assist those who would like to know more about the employment facts in the U.S., the Pew Research Center has issued updated data about American workers. A statistical picture of the employment situation in the United States is an indication of the health of the American economy according to Drew DeSilver, a senior analyst at the research center.

The strength of the U.S. workforce has reached 150 million according to the research center. About 71% of the total or approximately 102.6 million work in the service sector in private service-providing industries like in hospitals, recreation, hotels and restaurants, and the transport sub-sector.

Of the total number found in the service sector, some 22.7 million Americans are found in education and health sub-sectors, followed by the professional and business services where 20.3 million are found, then retail and trade (less than 16 million). The manufacturing sub-sector employed some 12.3 million Americans, and the rest are found in government service.

An emerging workforce, the self-employed sector has registered about 15 million Americans. Self-employment has become an attractive alternative, especially among women. These independent people have in turn hired additional services that reached 29.4 million people. The research center has noted that 30% of the national workforce or about 44 million jobs consist of self-employed Americans.

When it comes to age levels, the U.S. labor force by generation from 1995 to 2015 consists mainly of millennials, those adults ranging from age 18 to 34 in 2015, surpassing the “Generation X” people or those from age 35 to 50 in the same year. The rate of millennials joining the labor force either as employed or self-employed is steadily going up from 1995 to 2015.

Although older Americans from age 65 and up are working, the general trend is moving slightly downward from 1995 to 2015.

Concerning earning capacity, the U.S. labor economy is characterized by gender and ethnolinguistic affiliation where women earn 83 cents per dollar compared to men, although the gap is narrowing among the younger generation of workers. One of the significant findings is that white men out-earn black and Hispanic men and all groups of women, although Asian men and women can earn as much as white men, and even higher than white men.

College-educated workers especially those with degrees have a competitive edge compared to Americans without a college education, with a bachelor’s Degree earning higher than those with some college education. Those with a college degree are also likely to be hired as full-time employees.

Statista says that the unemployment rate in the U.S. is 4.4% as of 2017. According to the private research agency, the top 20 metropolitan areas with the highest standards of unemployment in the U.S. are found mostly in California. The other states include Arizona, New Jersey, New Mexico, Washington, Texas, and Ohio. The highest rate is in El Centro, California with 23.5% unemployment rate, followed by Yuma in Arizona with 18.6%

If you are applying for a job in any of the U.S. states, it would be wise to look at the data in the unemployment rates and find excellent opportunities for work in the more progressive and economically developed states of the U.S. Having college degree would also be an advantage. Make sure all your documents are intact and ready.

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