Low-wage service sector jobs will dominate employment growth on Cape Cod in the years to come, according to the Bureau of Labor Statistics' latest ten year projection study.
Researchers predict overall employment in the United States will grow 10.8% between 2012 and 2022. Cape Cod job growth is expected to exceed that at 11.4%, as Baby Boomers continue to retire to traditional resort locations.
As the graph above indicates, the greatest increase in employment is expected to occur in the "smart hubs" of Washington, D.C., New York City and Boston. Cape Cod is also featured in dark blue however the color does not tell the whole story. Most of the new jobs on the Cape will be low-pay, low-skill service sector jobs in hotels, restaurants and retail stores.
The map above shows the explosive growth of service sector jobs predicted for Cape Cod and other tourist hot spots like Florida and Arizona -- nearly 60% of all the new jobs expected over the next eight years.
For the country as a whole, high-paying jobs are expected to grow faster than low-paid employment -- 12.5% to 10.5% respectively.
For a comprehensive look at the BLS projections by Sociologist Richard Florida, click here.
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