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Occupations with the Most New Jobs: Bachelor's Degrees
Occupation 2004 2014 Percent Change
Elementary school teachers, except special education 1457 1722 265
Accountants and auditors 1176 1440 264
Computer software engineers, applications 460 682 222
Computer systems analysts 487 640 153
Secondary school teachers, except special and
vocational education
1024 1172 148
Computer software engineers, systems software 340 486 146
Network systems and data communications analysts 231 357 126
Network and computer systems administrators 278 385 107
Middle school teachers, except special and
vocational education
628 714 86
Employment, recruitment, and placement specialists 182 27 55
Source: United States Bureau of Labor Statistics, www.bls.gov
Ten Hottest Careers for College Graduates
Occupation 2004 2014 Percent Change
Network systems and data communications analysts 231 357 55Physician assistants 62 93 50Computer software engineers, applications 460 682 48Physical therapist assistants 59 85 44Dental hygienists 158 226 43Computer software engineers, systems software 340 486 43Network and computer systems administrators 278 385 38Database administrators 104 144 38Physical therapists 155 211 37Forensic science technicians 10 13 36
Source: United States Bureau of Labor Statistics, www.bls.gov.
Ten Industries with the Fastest Employment Growth
Industry 2004 2014 Percent Change
Home health care services 773 1310 69Software publishers 239 400 67Management, scientific, and technical
consulting services 779 1250 60
Residential care facilities 1240 1840 48Facilities support services 116 1710 47Employment services 3470 5050 46Independent artists, writers, and performers 42 61 45Office administrative services 319 450 41Computer systems design and related services 1147 1600 39Outpatient, laboratory, and other ambulatory care services
836 1660 39
Source: United States Bureau of Labor Statistics, www.bls.org.
Job Market for Class of 2007
• Employers expect to hire 17.4% more new college graduates in 2006-07 than they did in 2005-06, according to NACE Job Outlook 2007 Fall Preview Survey.
• Service employers project the biggest increase in college hiring: 19.8%.
• Manufacturers are also positive about hiring with an overall increase predicted of 9.5%.
U.S. Bureau of Labor Statistics:The more you learn the more you earn
Job Average Salary 06-07Management Trainee $40,231
Sales $39,480
Financial/Treasury Analysis $49,237
Consulting $51,556
Teaching $34,020
Accounting (private) $46,881
Project Engineering $51,546
Accounting (public) $46,368
Design/Construction Engineering $50,036
Software Design & Development $54,608
Salary Survey, NACE Summer 2007
Working-life Jobs & Careers
• Today’s workers will change jobs five times before age 40 and change careers three times before they retire.(Chronicle of Higher Education, Oct 24, 1984)
• Career changes every 10 years on average. (American Renaissance: Our Life at The Turn of the 21st Century)
• On average, a student leaving college today can expect to have three to five careers and 10-12 jobs during a work life that will last for 40-50 years.(Journal of Planning and Employment, Winter 1990)
• Young people hold an average of nine jobs before the age of 32.(U.S. Department of Labor, 1999)
Annual Rates of Labor Force Growth, 1950-2025
00.5
11.5
22.5
33.5
44.5
5
1950-60
1960-70
1970-80
1980-90
1990-2000
2000-2015
2015-2025
Source: Bureau of Labor Statistics
The very rapid labor force growth over the 1970s reflected two dramatic changes: the baby-boom generation reached working age, and it became more common for women to work outside the home.
Since the 1970s, the labor force has continued to grow, but at a slower pace.
A substantial slowdown is projected for the 2015-2025 period, as the baby-boom generation retires.
Did You Know?
The baby-boom generation was born between 1946 and 1964. The oldest baby boomers turn 62 this year.
Earnings and Unemployment by Education Levels
0 200 400 600 800 1000
Less thanHigh
School
HighSchool
Graduate
SomeCollege
CollegeGrad
0 1 2 3 4 5 6 7
Less thanHigh
School
HighSchool
Graduate
SomeCollege
CollegeGrad
Weekly Earnings Unemployment Rate
Source: Bureau of Labor Statistics
College graduates age 25 and over earn nearly twice as much as workers who stopped at a high school diploma.
College graduates have experienced growth in real (inflation-adjusted) earnings since 1979. In contrast, high school dropouts have seen their real earnings decline.
From 1979 to 2000, the earnings of college-educated women grew nearly twice as fast as the earnings of men. But these women still earn less than men.
The unemployment rate for workers who dropped out of high school is nearly four times the rate for college graduates.
Did You Know?
High school graduates are more likely to go on to college today than in the past. Sixty-three percent of the year 2000 high school graduates had enrolled in college by the following fall.
Employer’s Projected Increases in College Hiring
0
2
4
6
8
10
12
14
16
18
2004 2005 2006 2007 2008 2009
Employers responding to the NACE Research: Job Outlook 2009 Fall Preview survey plan to hire 6.1 percent more new graduates in 2008-09 than they did in 2007-08. While it’s a positive projection, it pales when compared to the expected percentage increases in the last five years.
Top Jobs for College Grads
• Management Trainee $40,231*• Sales $39,480*• Financial/Treasury Analysis $49,237*• Consulting $51,556*• Teaching $34,020*• Accounting (private) $46,881*• Design/Construction Engineering $50,036*• Software Design & Development $54,608*
*Average annual salary 2006-2007 according to the U.S. Bureau of Labor Statistics
Selected Resources
• Department of Labor: http://www.bls.gov/opub/working/page1a.htm
• Occupational Outlook Handbook: http://www.bls.gov/oco/
• Job Web: http://www.jobweb.com/
• America’s Career InfoNet: http://www.acinet.org/acinet/
• California EDD: http://www.caljobs.ca.gov/
• JobStar Central: http://jobstar.org/index.php
• ONet: http://online.onetcenter.org/
• Career for the 21st Century
• Career Center homepages
• The Unofficial Guide to Hot Careers
