Montana Economy At a Glance 2004 September

Cover Montana Economy At a Glance 2004 September
Montana Economy At a Glance 2004 September
Montana.Dept. of Labor And Industry.Research And Analysis Bureau
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Last but not least, industry projections are a primary input to occupational employment projections that are critical for career planning.
What follows is a summary of industry projections for the time period of 2002 to 2012 for about 100 private and public sectors or segments of the Montana economy. Since most job growth involves wage and salary (payroll) jobs, these jobs will be emphasized in this narrative. ^ Roughly ?}i6fiOO net additional jobs (the difference between jobs created and jobs
...destroyed) are projected for Montana between 2002 and 2012 — lOfiOO of which are estimated to be net new payroll jobs with the remaining l^ofiOO as net new self-employment jobs. This translates into an average of roughly lOfiOO net jobs per year. Some years will exceed this figure and other years will fall short. The yearly growth rate is projected at around 1.6 percent. This compares with 1.5 percent for the nation (U.S. Bureau of La- bor Statistics) .
Any economy can be divided into the dichotomy of goods -producing sectors (producing a physical product) and service-producing sectors.


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