2019 Job Market Outlook Looks Promising
As it sits today, the current US economy is showing growth signs of 3.5%. These increase has many beliving that it won't even stop there. This poses the question: can the US economny find workers to fill all of these different roles?
In fact, there are more than 20 million more people employed now than there was was in 2010. We have even seen a slight decrease in unemployed Americans which is said to be down nearly 100,000. It has been nearly 100 years since the great depression and these unemployment rates seem to be near an all time low.
But what is the outlook moving forward?
One thing to note is that the top growing careers in the United States aren't just clustered in one or two different industries. They tend to be pretty spread out and diverse among many different job types which means that opportunities are abundant for people with many differnt types of backgrounds, interests, and goals. These different opportunities can be found in sectors such as healthcare, IT services, business services, along with many different skilled trades such as electricians, plumbers, or general contracting work.
According to the Washington Post, blue-collar jobs are on the rise in rural areas and isn't showing any sign of slowing down.
In general, here are a few of the top growing occupations around the US:
- Solar photovoltaic installers
- Wind turbine service technicians
- Nurse practitioners
- Personal care aides
- Physician assistants
- Software developers
While these are just a few of the top growing occupations, you will notice a dramatic difference in wages for each of these. Both physician assistants and nurse practitioners have a median pay north of $105,000 while solar installers and wind turbine technicians have a median pay ranging from $42,000 to $55,000.
Does this change the type of job you might want to get? Possibly, but keep in mind that you should not only consider how much you're getting paid, but also if you can see yourself in that type of job.
2020 And Beyond
In terms of looking forward, employment is expected to increase around 7% by 2024. That equates to nearly 23 million new jobs added by that time, many of which will be expected in the healthcare industry. For these types of jobs, we'll also see a large increase of training needed from 2 year (associates degree) schools along with 4 year degrees.
We have already seen a steady increase in the healthcare industry as the baby boomers are getting older/retiring and are needing more care. This has been a hot topic debate recently in terms of how these healthcare initiatives will be funded. Rest assured, this is one sector that we won't see a decline in any time soon.