The Labor Department expects job growth to slow significantly over the next decade compared to the employment boom during the longest economic expansion in U.S. history, which was thrown into a tailspin by the outbreak of the CCP (Chinese Communist Party) virus.
In employment projections released Sept. 1, the agency said it expects the number of jobs to grow to 168.8 million from 162.8 million between 2019 and 2029. The increase of 6 million jobs represents an annual growth rate of just 0.4 percent, slower than the 1.3 percent growth rate during the 2009—2019 decade, which was bolstered by recovery from the Great Recession.
