Alex How many jobs have been added in the United States since 2007?
The number of goods-producing private-sector jobs has fallen by 1.8 million since December 2007; over that same period, the economy added 10.5 million service-sector jobs. The health care and social assistance sector was the biggest single contributor to that growth, adding 3.6 million jobs for a gain of 22.7%.
How did the world of work change over the past decade?
6. Analytics Change the Game—Slowly The world of work has changed dramatically in the past decade, shaped by factors that include a brutal recession, technological advances and a new generation of workers with very different ideas of what employment should look like.
Who was the plant manager for Enron when it went bankrupt?
Maddox, who served 30 years as a plant manager with the company, was long retired as Enron began spiraling out of control in the months leading up to its bankruptcy on Dec. 2, 2001. With all his retirement savings tied up in 14,000 shares of company stock, then worth more than $1.3 million, Maddox says he never saw the crash coming.
What was the unemployment rate a decade ago?
In all, the mean number of weeks of reported unemployment (seasonally adjusted) was 26.0 in October, versus 16.6 in December 2007. The median number of weeks without work was 9.9, compared with 8.4 weeks a decade ago. 5 The shift toward service jobs continues, though more slowly.
What was the largest employment sector in 1850?
Here is a recap of the data, by sector: The agricultural sector was king in 1850, providing a whopping 60% of all U.S. employment. Much later on, in the mid-20th century, factories took the country by storm. By the year 1960, the high-flying manufacturing sector eventually peaked at a share of 26% of all American jobs.
6. Analytics Change the Game—Slowly The world of work has changed dramatically in the past decade, shaped by factors that include a brutal recession, technological advances and a new generation of workers with very different ideas of what employment should look like.
Maddox, who served 30 years as a plant manager with the company, was long retired as Enron began spiraling out of control in the months leading up to its bankruptcy on Dec. 2, 2001. With all his retirement savings tied up in 14,000 shares of company stock, then worth more than $1.3 million, Maddox says he never saw the crash coming.
How did the job distribution change over time?
While no one knows the outcome for sure, what is clear is how the job distribution has changed over time: as jobs in agriculture and manufacturing have disappeared, new jobs have materialized in other sectors. Today’s chart uses data from the McKinsey Global Institute that shows U.S. employment by sector between the years of 1850 and 2015.