Can the services sector absorb the majority of new jobs?

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The Services Sector is Projected to Absorb the Majority of New Jobs

The services sector is anticipated to remain the primary source of employment, absorbing the largest share of new job opportunities. In 2022, this sector is projected to account for 64.8% of all employment. This trend continues from 2021, when the services sector also dominated employment at 64.5%, with significant contributions from wholesale and retail trade, as well as accommodation and food and beverages services.
Services Sector Dominance in Employment

The services sector is consistently identified as the largest employer, a trend expected to persist into 2022. Projections indicate that it will provide employment for 64.8% of the workforce next year. This sustained dominance highlights the sector's ongoing importance in the national labour market.
Key Subsectors within Services

Within the broader services sector, specific subsectors have been major contributors to employment. In 2021, the wholesale and retail trade subsector alone accounted for 17.7% of total employment. Following closely, the accommodation and food and beverages services subsector represented 15.1% of the workforce during the same period.
Projected Employment Growth

The overall employment landscape is expected to see expansion in 2022, with total employment projected to grow by 2.3% to reach 15.5 million individuals. Following the services sector's lead, the manufacturing sector is expected to employ 16.6% of the workforce, and the agriculture sector is projected to account for 10.2%.

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Can the services sector absorb the majority of new jobs?

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