e Changing US Job MarketThe US experienced a cycle of employment growth and decline in the first decades of the 21st century partly due to careers shifting from and work to jobs. Employment also declines during and grows during recoveries. Employment Datacaused a recession that peaked in 2003.From 2007 through 2009, there was a loss of more than 8.7 million jobs. This time period is called the .The first group of retirements began in 2011. The average age of US workers in 2020 will be higher than and at the same time, the 20- to 30-year-old age group will grow faster than the overall labor force for the first time in years. Other groups that will go through employment growth rates are: Asian-, Hispanic-, and Aftican-American workers. The percentage of white non-Hispanic will drop from ___percent to___percent by 2020.One of the most striking trends in employment has been the participation of ___ . By 2020 ___ percent of all jobs in the US will be held by___.