Parker Associates is always looking at the true data. In a recent study, we were asked to analyze the Unemployment Rate in the United States and the static wage growth (an oxymoron for sure). After an analysis of the Historic Population as compared to the number of total Jobs Available in the United States, it became evident that there is a steady increase in the number of Jobs Available per person in the United States according to data from the US Census and the Bureau of Labor Statistics.
Source: Parker Associates
Though the number of jobs per person in the US has shown a downturn in the most recent Census data (2010), historically, we are up in terms of the number of jobs in the United States as compared to the population. Of course, this is based on the total population. But, clearly we have had a significant increase in the number of jobs available per person in the United States since the 1950s and it has increased steadily through the 2000s. The downturn in the 2010 Census is discouraging, but again, above our historic average. The estimated EOY for 2017 shows an increase from 2010, so it appears we are back on the upward trend.
While celebrating positive trends in job availability, it’s equally important to address potential challenges within the workforce. Combating workplace discrimination ensures that the opportunities created are accessible to all individuals, fostering an inclusive and equitable environment for everyone.
Source: Parker Associates
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