US job market outlook 2035

The number of jobs in the U.S. labor market is projected to rise to 176.2 million by 2035, representing a modest growth of only 3.5% over the next decade, significantly lower than the previous increase of 10.9%. The fastest-growing sectors will be utilities, with a 9.8% increase, primarily focused on the generation, transmission, and distribution of electric power—especially renewable energy sources like solar and wind. Conversely, the healthcare and social assistance sectors are expected to experience the largest employment gains, with around 2.2 million jobs added, driven by an aging population and rising chronic illnesses. Regarding the impact of artificial intelligence, it is anticipated to reduce jobs in offices and administrative support by about 4%, while aiding certain sectors such as energy, medicine, science, and technology. However, there are concerns about its potential effects on repetitive and clerical jobs.

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