Labor and US Economics

The New Work Force Between 1950 and late 1999, total U.S. non-farm employment grew from 45 million workers to 129.5 million workers. Most of the increase was in computer, health, and other service sectors, as information technology assumed an ever-growing role in the U.S. economy. In the 1980s and 1990s, jobs in the service-producing sector -- which includes services, transportation, utilities, wholesale and retail trade, finance, insurance, real estate, and government -- rose by 35 million, accounting for the entire net gain in jobs during those two decades. The growth in service sector employment absorbed labor resources freed by rising manufacturing productivity. Service-related industries accounted for 24.4 million jobs, or 59 percent of non-farm employment, in 1946. By late 1999, that sector had grown to 104.3 million jobs, or 81 percent of non-farm employment. Conversely, the goods-producing sector -- which includes manufacturing, construction, and mining -- provided 17.2 million jobs, or 41 percent of non-farm employment in 1946, but 100