With the current state of the economy, some people believe that jobs and employment are never going to be on the rise again. While the outlook in the near future for some industries is grim, other occupational areas are expected to grow in the course of the next eight years. The United States Department of Labor, specifically the Bureau of Labor Statistics, provides information on the Fastest Growing Job Industries in the US.
Job projections are completed on a decade by decade basis, so the current outlook has been created for the years 2010 to 2020. The Bureau states that the construction industry is expected to increase by 33 percent, which will account for 1.8 million jobs. It is noted that 2.2 million jobs have been lost from this industry in the recession, and it will most likely take the industry until the end of the decade to fully recover from such substantial losses. Another industry that is expected to generate a huge number of new jobs is the service-providing sector. It is estimated that approximately 18 million new wage and salary jobs will appear in this field over the course of the next several years.
Some more fields are expected to produce huge outpourings of jobs. Consider the healthcare and social assistance industry, which, as reported by the Bureau of Labor Statistics, is expected to account for 28 percent of all new jobs created in the United States by the year 2020. As a field by itself, this industry is expected to increase by about 33 percent. Other industries that are expected to have substantial increases include professional, scientific and technical services by 29 percent, real estate and rental and leasing by 14%, transportation and warehousing by 20 percent and wholesale trade by 14 percent.
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Other industries are expected to have growth, but not as much as the ones already mentioned. For example, the logging section of the agriculture, forestry, fishing and hunt field is expected to grow by 6 percent, but the industry as a whole is actually projected to increase by 4 percent. Expectations for the mining, quarrying and oil and gas extraction field put estimates at a 4 percent job increase rate. Some of the other fields in which there is expected to be a smaller growth in jobs include accommodation and food services at 9 percent, educational services at 14 percent, finance and insurance by 9 percent and information by 5 percent.
Just because a person’s intended field is not noted on the listed above, does not mean that the individual should avoid a specific field. In the immediate future, it might be difficult to instantly land a job in that field. However, the economic environment is frequently changing, and sometimes industries find better ways to adjust themselves to an ever evolving landscape. When the 2020-2030 projection period hits, the statistics could potentially be entirely difficult from the ones for the current period.
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