Consumer spending and U.S. employment from the 2007–2009 recession through 2022

From the Bureau of Labor Statistics

In the latest recession, employment supported by U.S. consumer spending declined by an estimated 3.2 million jobs between 2007 and 2010, over a third of total job declines during that time frame. Compared with the overall economy, consumer-related employment demonstrated relative resilience, recovering in 2012. Through 2022, consumer spending is projected to support stable job growth with increasing expenditures on labor-intensive services like health care. However, consumer spending and its related employment are projected to grow slower than in the past and at rates similar to the overall economy.

Comments

Popular posts from this blog

New York State County ZIP Codes

Starting a Mobile Food Concession Business? Be Sure to Follow the Rules of the Road

Beware credit counseling services like Clear Your Debt LLC