The foundation of a strong economy depends upon its basic industries which impacts the entire labor market. Basic industries play a key role in their regional economies and sometimes occupy an outsized portion of the market share. How Many Jobs Are Available in Basic Industries?
Basic industries need all types of manpower to function properly, so it is significantly important to know that how many jobs are available in basic industries. According to U.S. Bureau of Labor Statistics, the basic industries have 24,504,000 jobs as of year 2022, with an anticipated rise of 2.7% in next 8 years.
A basic industry is a large field, consisting of several individual industries that are involved in the development, extraction, processing and distribution of raw materials for other manufacturing industries to be converted into end products or commodities.
The number of jobs available in basic industries and the opportunities for employment are endless. The five fundamental economic sectors in the United States are agriculture, mining, engineering and construction, manufacturing, and utilities.
The basis industry is a good career pathway due to potential benefits of getting an increased salary as compared to other sectors, opportunity to work in a growing economy and security of working in a solid industry. Besides, the number of jobs in some sectors of basic industries is predicted to grow each year.
So it is important to choose your job industry carefully for a prospective career pathway. Let’s look at the recent jobs statistics of United States, according to the Employment Projections program, U.S. Bureau of Labor Statistics: how many jobs are available in basic industries
Introduction to Today’s Job Market of United States
| Table 1: Employment Projections program, U.S. Bureau of Labor Statistics | Industry | Employment 2021 | Employment 2031 | Employment Change 2021–31 | Employment Compound annual rate of change, 2021–31 |
|---|---|---|---|---|---|
| 1 | Agriculture, forestry, fishing, and hunting | 2,184.80 | 2,200.50 | 15.7 | 0.1 |
| Crop production | 1,174.00 | 1,222.00 | 48 | 0.4 | |
| Animal production | 744.4 | 680 | -64.4 | -0.9 | |
| Forestry | 16.7 | 16 | -0.7 | -0.4 | |
| Logging | 63.1 | 57.1 | -6 | -1 | |
| Fishing, hunting and trapping | 42.9 | 44.4 | 1.5 | 0.3 | |
| Support activities for agriculture and forestry | 143.8 | 181 | 37.2 | ||
| 2 | Mining | 519.6 | 583.4 | 63.8 | 1.2 |
| Oil and gas extraction | 117.7 | 115.3 | -2.4 | -0.2 | |
| Mining, except oil and gas | 174.8 | 171.4 | -3.4 | -0.2 | |
| Coal mining | 36.6 | 27.1 | -9.5 | -3 | |
| Metal ore mining | 41.4 | 45.1 | 3.7 | 0.9 | |
| Nonmetallic mineral mining and quarrying | 96.8 | 99.2 | 2.4 | 0.2 | |
| Support activities for mining | 227.1 | 296.7 | 69.6 | 2.7 | |
| 3 | Construction | 7,413.30 | 7,618.00 | 204.7 | 0.3 |
| 4 | Manufacturing | 12,346.60 | 12,207.20 | -139.4 | -0.1 |
| 5 | Information | 2,831.40 | 3,041.20 | 209.8 | 0.7 |
| 6 | Finance and insurance | 6,519.60 | 6,806.90 | 287.3 | 0.4 |
| 7 | Utilities | 540.8 | 506.2 | -34.6 | -0.7 |
The aforementioned table depicts industry wise employment statistics of the fundamental economic sectors in the United States. ‘Employment 2021’ represents the number of jobs available in basic industries, while ‘Employment 2031’ shows the predicted figures of U.S. job market after a decade. how many jobs are available in basic industries?
1. Agriculture Industry
United States has been one of the world’s leading agriculture producers and suppliers. The farming statistics of year 2019 shows that U.S. farming industry employed more than 960,000 people across the country, including both part-time and full-time employee.
Agriculture sector is one of the leading sectors of the basic industries offering innumerable job opportunities for individuals. It includes farm business and a range of farm-related industries like food service and food manufacturing.
In 2020, the agriculture and food sector offered 19.7 million jobs to individuals, holding a share of 10.3% of total U.S. employment.
2. Mining Industry
The U.S. mining industry has been a major contributor to industry production. The products produced through mining provide the foundation for nearly all manufacturing. The number of jobs available in basic mining industry in the U.S. increased 4.7% over the last five years.
As of 2022, a total of 834,721 people have been employed in the mining industry of the U.S., with 19% employment growth in the year 2022.
The average business in the Mining industry in the US now employs more workers than it did five years ago. The revenue per employee for the average business in the Mining industry in the US has increased in the last five years.
3. Construction Industry
Construction is a major contributor to the U.S. economy. Construction is one of the largest customers for manufacturing, mining and a variety of services. The availability of jobs in basic construction industry in the U.S. increased 2.8% over the last five years.
As of 2022, total 10,341,074 people have been employed in the construction industry of the United States. However, due to fluctuating economy this year saw a decline of 0.4% in the employment growth of the construction industry.
4. Manufacturing Industry
In United States, the manufacturers accounts for 11.4% of the output in the economy. The number of jobs available in the basic manufacturing industry accounts for 8.51% of the workforce. According to the Current Population Survey, there were 16 million employees in U.S. manufacturing, representing 10 % of total U.S. employment.
As of 2022, total 16,160,558 people have been employed in the manufacturing industry of the United States. The manufacturing sector has shown remarkable growth of 10.7% in year 2022.
The number of people employed in the Manufacturing industry in the US increased 6.9% on average over the five years between 2017 and 2022.
5. Information Industry
One third of the $5 trillion global information technology (IT) market is in the United States, making it the largest tech market in the world. The industry accounts for 12.1 million jobs. The industry draws on a highly educated and skilled U.S. workforce, including 1.6 million software and web developers.
As of 2022, total 4,257,152 people have been employed in the information industry of the United States. Moreover, the information sector has shown remarkable growth of 2% in year 2022.
The tech industry continues to grow, offering a large number of jobs in the basic IT industry i.e. 307,000, for a total of 4.9 million postings for tech occupation jobs. In July 2022, the number of employees in the United States information sector totaled over three million people, representing one of the highest values over the last years.
6. Finance and Insurance Industry
The importance of the Finance and Insurance sector cannot be overstated as it is the sector of the economy that helps facilitate financial transactions and provides financing and risk-management services to consumers, businesses and government agencies.
The available number of jobs in the basic industry like Finance and insurance are innumerable. The number of people employed in the Finance and Insurance industry in the US increased 1.5% on average over the five years between 2017 and 2022.
As of 2022, total 7,695,710 people have been employed in the finance and insurance sector of the United States. Moreover, the information sector has shown remarkable growth of 1.5% in year 2022.
Concluding Remarks:
With three fourth of the nation’s workforce employed, the opportunities for employment in the United States are endless. So it should not matter that how many jobs are available in the basic industries. In fact, getting a job in basic industries is easy even if you don’t have the academics and experience. There are even some entry-level jobs that require you to learn a skill and you will be paid a good salary as well.
According to the U.S. Bureau of Labor Statistics (USBLS), the number of jobs available in Basic Industries is 24,504,000 as of 2022. Moreover, a 2.7% rise is anticipated in this figure in the next 8 years. This shows that the basic industries of the U.S. are expected to flourish in the forthcoming years, hence, opening gates of new employment opportunities.
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