Job outlook is how much the government predicts a career will gain or lose jobs within a certain time period. Keep in mind some careers have a small number of jobs (like actors vs. cashiers) so a big, positive job outlook number doesn’t necessarily mean lots of new jobs nationwide.
What is a job outlook?
Job outlook is the expected change in employment for specific occupations over a certain amount of time. In the United States, the Bureau of Labor and Statistics collects and analyzes data to project the rate of change in employment in an occupation over the next ten years.
The job outlook is the change in the number of people that are employed in a certain occupation over a selected period of time. The period of time is usually two, five, or ten years.
The BLS compares an occupation’s projected employment change, usually over 10 years, to the average projected change in employment for all occupations over the same period. They describe a career ‘s projected job outlook by saying it will:.
Why is it important to know your job outlook?
This estimated job growth is important when you’re looking for career options within the industry you’re interested in. Apart from the salary and your interest in a particular field, you should also look into how the job you want is expected to perform in the next few years. What is a good job outlook percentage?
Our answer is that Knowing the job outlook of an occupation is also valuable when you’re considering changing your career pathway. It’s good to look both into your current and desired job’s growth.
Why job outlook is still critical?
Job outlook is still critical if you are already settled in a career . You should monitor your career’s job outlook because it can prepare you for opportunities if the outlook is good or challenges if the outlook is poor.
How do you predict the job outlook for a job?
This forecast is usually estimated based on how many people are expected to be employed in a given occupation over a period of time, such as five or 10 years. The job outlook in the United States is predicted by the Bureau of Labor Statistics (BLS), which is a part of the U.
How do you answer’what is your employment outlook?
The best answers speak positively about the career field and it’s future outlook, helping the interviewee to see the value of the job and the company. Questions about employment outlook are sometimes challenging because you cannot predict the future. If you are asked this question, it is a good idea to take a breath and provide an educated answer.