Job growth projected at 14 percent
That projected rate of growth far exceeds the 3 percent experienced the past 10 years. However, that period was marked by a deep and long-lasting recession.
In addition to the new jobs, the department is expecting 42,800 existing jobs to change hands by 2022, as a result of workers switching occupations or going into retirement.
The projections reflect several trends of the last few years, including a growing health care sector, due in part to an aging population; continuing recovery from the Great Recession, particularly in the construction industry; and an unprecedented wave of Baby Boomer retirements.
The region’s private educational and health services sector is projected to lead overall, adding 5,800 jobs. The transportation and utilities, trade, and professional and businesses services sectors are each expected to add 2,900 jobs, accounting for another 8,700.
The construction industry is estimated to grow the fastest in percentage terms, adding 2,200 jobs. However, even with an increase of that 30 percent magnitude would not return it to its pre-recession peak.
The manufacturing sector is not expected to reach its pre-recession peak either. However, two sectors are expected to perform even more poorly.
The information sector, which includes newspaper, directory and book publishing, is not expected to experience any gains at all. The federal government sector is actually projected to shed 5 percent of its current employment.
The state as a whole is expected to add 258,000 jobs, representing a 15 percent increase.