2020–2030 Economic and Employment Projections — 2021-09-08

Total employment is projected to grow from 153.5 million to 165.4 million over the 2020�30 decade, an increase of 11.9 million jobs, the U.S. Bureau of Labor Statistics reported today. This increase reflects an annual growth rate of 0.7 percent, which is higher than recent projections cycles and accounts for recovery from low base- year employment for 2020 due to the COVID-19 pandemic and its associated recession. Employment in the leisure and hospitality sector is projected to increase the fastest, largely driven by recovery growth, while the healthcare and social assistance sector is projected to add the most new jobs. Among occupational groups, healthcare support occupations are projected for the fastest job growth. Real Gross Domestic Product (GDP) is projected to grow 2.3 percent annually from 2020 to 2030, relatively quickly compared to the prior two decades, when GDP grew 1.7 percent annually.