The Bureau of Labor Statistics (BLS) publishes the Occupational Outlook Handbook, which provides data on career growth, salaries, and entry requirements. Interpreting these metrics correctly helps you make secure career decisions.
1. Growth Rate Indicators
The average job growth rate across all US occupations is about 3% to 5% over a ten-year period. Jobs growing at 8% or more are considered 'Faster than Average', signaling strong future demand and lower risk of redundancy.
2. Median Wage Insights
Median wages represent the middle point of all earners in that field. Be sure to check the 10th and 90th percentiles to understand the starting salary floor and senior salary ceiling.
3. Typical Entry Education
Ensure you note whether a career typically requires a Bachelor's degree, postsecondary certificate, or on-the-job training. This helps you estimate the return on investment (ROI) of additional schooling.