Here are five industries in the United States destined for double-digit growth over the next decade.
It is not surprising to see so many people playing outside, eating in restaurants, shopping and now life is returning to normal. This is the same relief that is encouraging growth in the travel industry. But will those industries continue to expand? Or are they feeling a roar after the epidemic?
Over the past two years, information technology (IT), construction, personal services, food services and healthcare have kept the economy afloat during the epidemic. The Bureau of Labor Statistics estimates that many of these industries will continue to experience significant growth in the post-epidemic era.
What does this mean for job seekers? Opportunity.
Most job seekers are looking for a positive outlook for a career in a stable industry and career advancement opportunities. With today’s tough labor market, job seekers are being paid proportionately higher starting wages for the same position than two years ago. This makes it a great time to explore a new industry that is in line with your values and skills.
While experts may not agree on the top five, there are five industries in the United States set to grow by double digits over the next decade.
- Personal services
The industry includes a wide range of services ranging from wedding planning and pet care to house cleaning and food delivery. BLS expects a 17% increase in employment in this industry before 2028, which is why it ranks number one on the list.
Food supplies alone sold more than $ 51 billion in 2020, up from $ 28 billion in 2019.
If you are motivated and motivated to work for yourself, there are many opportunities to build your own business in the personal services industry. There are fewer barriers to entry for many of these jobs.
- Travel
The travel industry will grow by more than 13% between 2022 and 2026 Hotels make up the bulk of the travel industry, but they also include airlines, tour operators, holiday packages and more. Its growth is largely due to social media influencers.
Research shows that 82% of American travelers are “interested in traveling in the next 12 months.” That same report found that Americans are regaining a sense of normalcy because Covid has lost its impact on the perceived ability to make meaningful travel experiences. This is great news for staff with travel bugs.
- Information technology
One of the fastest growing positions in this field is the computer help specialist, aka help desk. The information technology (IT) industry employs people who test, evaluate, and maintain hardware and software related to complex computer systems. The BLS growth estimate for this sector is 12% over the next decade. Some of the jobs in IT include programmers, IT managers, computer systems analysts, cybersecurity specialists and information research scientists.
Entry level positions often do not require a college degree, however, hoping to compete with professionals. Focus on training and certification courses based on your experience and work.
- Healthcare
Just before the epidemic is in full swing, the Bureau of Labor Statistics (BLS) will have five of the 20 fastest growing industries in healthcare and social assistance between 2019 and 2029. This is mainly due to the increasing number of aging baby boomers, longevity and chronic treatment patients. The industry continues to experience double-digit growth with the expected 12% growth rate.
20% of health workers resign during the epidemic. Most of these workers were burned. According to the report, an additional 1.1 million nurses will be needed in the United States to meet growing demand in the near future.
- Construction
From landscaping to kitchen remodeling to healthcare benefits, construction continues to experience tremendous growth. BLS has forecast an 11% growth rate for this decade. Large-scale urban development projects, such as healthcare facilities and hospitals, are drawing the landscape of the construction sector.
Construction superintendents earn over $ 85,000 (national average). Other high-paying construction industry jobs include civil engineers and construction managers. Jobs for trades, masons, iron workers, plumbers and electricians, workers earn more than $ 25 / hour. The trade school offers an excellent starting point in this growing industry.
When choosing a career path, it is important to remember that each industry has a host of different positions. So, if the thought of being a nurse keeps you awake at night, remember that the healthcare industry also needs marketing specialists, accountants and IT professionals.
Most industries have their own microcosm for turning the wheel.
