The US Bureau of Labour Statistics projects employment will grow at 0.4 per cent a year from 2019 to 2029, much slower than the 1.3 per cent expansion rate following the global financial crisis.
The number of jobs will increase by 6 million over the next 10 years to 168.8 million, Tuesday’s report showed. The BLS projects economic growth may slow to a 1.8 per cent annual rate from 2.3 per cent in the previous decade. Productivity, meanwhile, is forecast to improve.
The BLS cautioned that the employment projections are a long-term forecast intended to capture structural change in the economy, not cyclical fluctuations, and don’t include the impact of the Covid-19 pandemic.
By 2029, all baby-boomers will be older than 65 and their retirements will contribute to a decline in the labour participation rate, the report showed, although employees over the age of 55 will make up a larger share of the workforce.
Many occupations are projected to see significant growth in the near future with some of the largest gains expected in the personal care and home healthcare fields – jobs that pay a median wage of around $25,200, the report said. The biggest percentage demand increase will be for wind-turbine service technicians.
The manufacturing sector is expected to lose 444,800 jobs between 2019 and 2029. Factors contributing to the loss of these jobs include the adoption of new productivity-enhancing technologies, such as robotics and international competition, according to the report.
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Company name: Farmin
Date started: March 2019
Founder: Dr Ali Al Hammadi
Based: Abu Dhabi
Sector: AgriTech
Initial investment: None to date
Partners/Incubators: UAE Space Agency/Krypto Labs
Squads
India (for first three ODIs) Kohli (capt), Rohit, Rahul, Pandey, Jadhav, Rahane, Dhoni, Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Umesh, Shami.
Australia Smith (capt), Warner, Agar, Cartwright, Coulter-Nile, Cummins, Faulkner, Finch, Head, Maxwell, Richardson, Stoinis, Wade, Zampa.
Fixtures
Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs
Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms
Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles
Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon
Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon
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Test series fixtures
(All matches start at 2pm UAE)
1st Test Lord's, London from Thursday to Monday
2nd Test Nottingham from July 14-18
3rd Test The Oval, London from July 27-31
4th Test Manchester from August 4-8
