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US to add 8 million jobs by 2022, but middle-wage employment to lag

August 07, 2017

The US will add a projected 8.2 million jobs from 2017 to 2022 while 302,930 will be lost, according to CareerBuilder’s analysis of labor market trends. This results in a net total of 7.9 million new jobs over this time period, or 5% growth.

While job growth is expected across pay levels, the study found middle-wage workers will likely take the brunt of the job loss and see job creation continue to lag behind other wage categories.

Key findings include:

  • STEM-related jobs— science, technology, engineering and math — continue to dominate the list of fastest-growing professions while segments of manufacturing and construction will keep experiencing declines.
  • Low-wage employment is expected to have the highest net growth from 2017 to 2022 with almost 3.0 million jobs added or a 5.6% increase. High-wage employment will grow 5.1% while middle-wage employment will grow 4.1%.
  • Forty-nine percent of the 302,930 jobs that will be lost between 2017 to 2022 are middle-wage, twice the amount anticipated for high-wage and low-wage categories. High-wage occupations are expected to lose 79,825 jobs or 26% of the total job loss in the US. Low-wage occupations are expected to lose 75,093 jobs or 25% of the total job loss in the US.

“Middle-wage workers are at the greatest risk for displacement especially as rapid advancements in technology reshape labor requirements,” said CareerBuilder CEO Matt Ferguson. “Their only choices are adopting new skills for a higher-paying job, being underemployed in a lower-skill job or leaving the workforce altogether. Either of the latter options will result in less spending, less investing and significant economic challenges. If we want to adequately prepare our labor force, we need to dramatically increase efforts to re-skill and up-skill workers today.”

Personal care aides and home health aides are projected to be the fastest-growing jobs across wage categories at increases of 16% from 2017 to 2022, followed by web developers and nurse practitioners and 15% and 14% respectively.

Switchboard operators, including answering service, is projected to be the fastest-declining job at 11%, followed by door-to-door sales, news and street vendors and related workers at 10% and printing press operators at 5%.