Nonagricultural Employment in the United States
A Historical Overview
From the beginning of the 20th century until the Second World War, nonagricultural employment in the United States grew rapidly. This growth was driven by the expansion of manufacturing, mining, and construction. By 1940, over 40% of American workers were employed in nonagricultural jobs.
During the war years, nonagricultural employment declined as many workers were drafted into the military. However, after the war, employment rebounded and continued to grow throughout the 1950s and 1960s. By 1970, over 60% of American workers were employed in nonagricultural jobs.
Recent Trends
In recent years, the growth of nonagricultural employment has slowed. This is due in part to the decline of manufacturing jobs in the United States. However, the service sector has continued to grow, and now accounts for the majority of nonagricultural jobs.
In 2019, the United States had a record high of over 150 million nonagricultural jobs. However, the COVID-19 pandemic caused a sharp decline in employment in 2020. By the end of the year, over 10 million Americans were unemployed.
The unemployment rate has since declined, but it remains higher than before the pandemic. In August 2022, the unemployment rate was 3.5%, which is still above the pre-pandemic level of 3.5%.
Current Employment Situation
As of August 2022, there are over 150 million nonagricultural jobs in the United States. The largest sectors of employment are healthcare, retail trade, and professional and business services.
The unemployment rate is 3.5%, which is considered to be full employment. However, there are still some industries that are facing labor shortages.
Conclusion
Nonagricultural employment in the United States has grown steadily over the past century. This growth has been driven by the expansion of the service sector and the decline of manufacturing jobs.
The COVID-19 pandemic caused a sharp decline in employment in 2020, but the unemployment rate has since declined. As of August 2022, the unemployment rate is 3.5%, which is considered to be full employment.
However, there are still some industries that are facing labor shortages. This is a challenge that the United States will need to address in the coming years.
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