Table DC721 represent employment data over a period from 2005 to 2024, segmented into four categories: Employed, Unemployed, Not in labor force, and NA – Less than 16 years old. The percentages for each category are provided for each year. From 2005 to 2024, there is a general upward trend in the percentage of employed individuals, starting at 47.24% in 2005 and projecting an increase to 50.08% by 2024. The unemployment rates fluctuate, peaking at 5.43% in 2010, during an economic downturn, and then project to decrease to 1.47% by 2024. The portion of the population not in the labor force also steadily increases over the years, from 26.56% in 2005 to a projected 30.08% in 2024. Lastly, the category for individuals not applicable (NA) due to being under 16 years of age decreases over time, suggesting a shrinking proportion of the population in this age group, from 22.62% in 2005 to a projected 18.37% in 2024.
*Note: DC721 looks at the overall population, based on these percentages you will need to re-scale if you want to look at unemployment rate, you will remove the ‘4: NA – Less than 16 year old’ population.
- DC721: Percent of U.S. Population by Employment Status
- DC722: Employed U.S. Individuals by Percent of Broad Employment Sector
(Click image to zoom)
DC722 above looks at the employed U.S. Population (DC721=1: Employed). The trends from DC722 indicate that 2/3rd of the population is employed in the private sector/private industries. The following two tables, DC723 and DC724, look at the next level of data by filtering into the proportion of individuals who are employed and in the private sector, occupation status and industry overview respectively.
Percent of U.S. Population by Occupation Trends: 2005 – 2024 (DC723)
-Employed Individuals in the Private Sector/Industries-
(Click image to zoom)
Percent of U.S. Population by Industry Trends: 2005 – 2024 (DC724)
-Employed Individuals in the Private Sector/Industries-
(Click image to zoom)
As DC723 indicates the proportion of employed individuals that are employed in management and finance occupation have nearly doubled in size over the past two decades. The following table looks one step further to see which industries are driving the growth in the finance management occupations.
Mgmt & Finance Occupations by Industry Trends: 2005 – 2024
-Employed Mgmt & Finance Individuals in the Private Sector/Industries-
(Click image to zoom)
As the table above indicates the driving force for the growth in the financial management industry is the scientific and technical industries.
Partner with The Data Corner
Let’s embark on this journey together, transforming challenges into opportunities and data into decisions.
