Projected Job Growth by Industry
The 2017 – 2027 employment projections reflect a continuing recovery from the Great Recession. However, as the recovery from the Great Recession nears its peak, growth will slow down. In Lane County, industries that are expected to continue to grow rapidly between 2017 – 2027 include construction, health care, and professional and business services. As shown below, most of Lane County industries are expected to add jobs from 2017 – 2027.
Lane County will add 19,300 jobs between 2017 – 2027. This represents an 11% increase in employment over 10 years. This is slightly lower than the statewide increase of 12% over the same period. The growth stems from anticipated private-sector gains of 16,700 jobs (13%) and the addition of 1,500 jobs (5%) in government. The projected percent growth rate exceeds the 1.2% growth seen over the past decade.
Even in industries that are expected to grow slowly, there will be opportunities created by replacement needs. Replacement needs are created when someone permanently leaves the workforce (exit) or moves on to another occupation (transfer). Retirement is a common reason for the creation of replacement openings through exists. As the population ages and retirements increase, the level of replacement openings due to exists will increase.
LANE COUNTY EMPLOYMENT GROWTH HIGHLIGHTS:
- Health care and social assistance adds 4,600 jobs due to a growing and aging population.
- Professional and business services adds 2,600 partly from growth in the tech sector.
- Construction is expected to continue its rebound from large losses during the recession and has the fastest forecasted growth at 25%. Propelled by the need to fill low housing inventory, the industry is expected to add 1,700 jobs.
- Leisure and hospitality will add 2,400 jobs due to tourism and retirees.
- Manufacturing grows by 1,600. Durable goods manufacturing grows with an addition in transportation equipment from Arcimoto coming early in the forecast. Non-durable goods manufacturing grows, adding 700 jobs largely from food and beverage manufacturing.
- Natural resources and mining, which includes logging and sand and gravel mining, is expected to add 100 jobs, due in part to an improving local construction industry.