Agriculture is looking to its next big job boom as it prepares for a record year of employment.
While the labor market remains a bit of a drag on the economy, Agriculture’s recent job growth has helped the industry’s overall job numbers climb from 6.4 million to 6.8 million jobs, according to the latest report from the Bureau of Labor Statistics.
The BLS data shows that total employment grew by nearly 1 million jobs from June to September, an increase of more than 25 percent.
And the total number of people working in agriculture rose by 4.4 percent.
The report also found that total jobs in the sector grew by more than 12 percent in the first half of this year, the largest gain in the U.S. since March 2016.
And the number of workers in the farm and ranching industries jumped by nearly 6 percent, the highest level of gains since the late 1970s.
Overall, the report shows that the sector added more than $6.3 trillion to the U,S.
economy in 2017.
That’s an average annual growth rate of 2.7 percent.
While jobs in agriculture continue to grow at an average of 6.5 percent a year, they are at a more vulnerable point in the economic cycle.
The number of Americans without a full-time job declined in July from the same month a year earlier.
The average annual jobless rate for Americans under age 35 fell from 5.8 percent to 5.7.
And employment among people age 35 to 44 has fallen from 9.1 percent to 8.8.
The government has struggled to shed a sizable share of the country’s job losses in recent years.
And there’s concern that the labor force participation rate for this group will fall below 50 percent for the first time since 2009.