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5 Sectors Slowing Job Growth

Childcare services

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Job postings for childcare services have steadily decreased since 2007, according to employment site Indeed.com. In April they fell by 1,000 after declining by 3,700 in April, according to the Bureau of Labor Statistics. With childcare costs increasing and income growth stagnant, more grandparents have stepped in to look after young children – roughly 40% to 60% of those living within 30 minutes of their grandchildren now provide some care, according to the National Association of Child Care Resource & Referral Agencies. The Bureau of Labor Statistics says the industry is due a revival, however. It forecasts childcare will grow by 20% over the next decade as the number of children requiring care is expected to grow. Others are not so sure: Stevenson says it’s difficult to draw forecasts from a breakdown of jobs data, especially given Friday’s report and the uncertain economic outlook.

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