Page 7 - US Market Performance Report 1Q 2018

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The chart at the right shows the total employment count as a percentage of the population aged 16 to 64.
Unlike the previous percentage of the total population chart, the proportion of people in the most predominate working years of life appears to be nearing the peak last seen in 2000.
Notice the service sector is both the largest and fastest growing sector of the economy, fueling the job growth for decades and most recently, after The Great Recession.
The proportion of the working aged population working in local, state or federal government jobs equalled those employed in the goods producing sector by 2003. By 2009, there were more people employed
in government jobs than in the goods producing sector.
While growth in government jobs is at
and goods producing is rising, the goods producting sector has not yet exceeded government employment counts. Expanded use of production automation and international competition are adversely affecting growth in this sector.
80% 70% 60% 50% 40% 30% 20% 10%
0%
SOURCES: US DEPT. OF LABOR, US CENSUS
Employed Sectors as % of 16 to 64 Population
Average Annual Job Counts: 1940-2018
Total nonfarm employment as a % of those 16-64 years of age follows the service producing sector.
Goods Producing
Private ServiceProviding
Government
Total Employed as % of 16-64 Population
1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015
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