Will You Find a New Job? 死

Will You Find a New Job?

According to recent Labor Department projections, job growth over the next ten years will slow down dramatically amid a sharp decline in the active labor force and an aging population. This, along with a sharp increase in productivity influenced by innovation in the technology sector will continue to have a dramatic effect on the job market over the upcoming years.

From the years 2020-29, the economy is expected to add only 6 million new jobs, an annual growth rate of only 0.4%. Comparatively, the annual growth between the years 2009-19 was of 1.3%. To be fair, it is important to take into account how the recovery from the Great Recession gave this data a boost.

Keep in mind, at no point in time has the coronavirus pandemic and its influence been mentioned. The pandemic, that initally costed more than 25 million jobs in the U.S has not been accounted for in this data. The Labor Department has already stated that the virus could cause new structural changes to the economy and will be accounted for in future projections.

It is already estimated that most of the job gains over the upcoming decade will be concentrated in health care. Another area set for growth during this period is that of food preparations and serving occupations.

For investors, accurately prediciting what the future will look like is an important skill a small few will ever master. Keeping tabs on big economic trends and data is only one the ways to achieve such a large task. Never forget that some things in this world, you just cant predict.

I am not a financial advisor and my comments should never be taken as financial advice.Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

Market Recap – March 23rd

The indices ended the day positive with the S&P 500 up 0.30%, the Dow Jones up 0.23%, and the NASDAQ up 1.01% .

What is a kids brokerage account?

A kid’s brokerage account is more accurately called a custodial account. This is a brokerage account that parents or legal guardians can open on behalf of their child.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa簧 Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.