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What are the Top Careers of the Future?
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Service-providing industries. The
long-term shift from goods-producing to service-providing
employment is expected to continue. Service-providing
industries are expected to account for approximately 20.8
million of the 21.6 million new wage and top paying jobs
generated over the 2002-12 period
Education and health services. This industry
super sector is projected to grow faster, 31.8 percent, and
add more jobs than any other industry super sector. About 1
out of every 4 new jobs created in the U.S. economy will be
in either the healthcare and social assistance or private
educational services sectors.
Healthcare and social assistance—including private
hospitals, nursing and residential care facilities, and
individual and family services—will grow by 32.4 percent and
add 4.4 million new jobs. Employment growth will be driven
by increasing demand for healthcare and social assistance
because of an aging population and longer life expectancies.
Also, as more women enter the labor force, demand for
childcare services is expected to grow.
Private educational services will grow by 28.7 percent
and add 759,000 new jobs through 2012. Rising student
enrollments at all levels of education will create demand
for educational services.
Professional and business services. This
group will grow by 30.4 percent and add nearly 5 million new
high paying jobs. This industry super sector includes some of the fastest
growing industries in the U.S. economy.
Employment in administrative and support and waste
management and remediation services will grow by 37 percent
and add 2.8 million new jobs to the economy by 2012. The
fastest growing industry in this sector will be employment
services, which will grow by 54.3 percent and will
contribute almost two-thirds of all new jobs in
administrative and support and waste management and
remediation services. Employment services ranks among the
fastest growing industries in the Nation and is expected to
be among those that provide the most new careers.
Employment in professional, scientific, and technical
services will grow by 27.8 percent and add 1.9 million new
jobs by 2012. Employment in computer systems design and
related services will grow by 54.6 percent and add more than
one-third of all new jobs in professional, scientific, and
technical services. Employment growth will be driven by the
increasing reliance of businesses on information technology
and the continuing importance of maintaining system and
network security. Management, scientific, and technical
consulting services also will grow very rapidly, by 55.4
percent, spurred by the increased use of new technology and
computer software and the growing complexity of business.
Management of companies and enterprises will grow by 11.4
percent and add 195,000 new top paying jobs.
Information. Employment in the information
super sector is expected to increase by 18.5 percent, adding
632,000 jobs by 2012. Information contains some of the
fast-growing computer-related industries such as software
publishers; Internet publishing and broadcasting; and
Internet service providers, Web search portals, and data
processing services. Employment in these industries is
expected to grow by 67.9 percent, 41.1 percent, and 48.2
percent, respectively. The information super sector also
includes telecommunications, broadcasting, and newspaper,
periodical, book, and directory publishers. Increased demand
for residential and business land-line and wireless
services, cable service, high-speed Internet connections,
and software will fuel job growth among these industries.
Leisure and hospitality. Overall employment
will grow by 17.8 percent. Arts, entertainment, and
recreation will grow by 28 percent and add 497,000 new jobs
by 2012. Most of these new job openings will come from the
amusement, gambling, and recreation sector. Job growth will
stem from public participation in arts, entertainment, and
recreation activities—reflecting increasing incomes, leisure
time, and awareness of the health benefits of physical
fitness.
Accommodation and food services is expected to grow by
16.1 percent and add 1.6 million new jobs through 2012. Job
growth will be concentrated in food services and drinking
places, reflecting increases in population, dual-income
families, and dining sophistication.
Trade, transportation, and Tech Schoollities.
Overall employment in this industry super sector will grow by
14.1 percent between 2002 and 2012. Transportation and
warehousing is expected to increase by 914,000 jobs, or by
21.7 percent through 2012. Truck transportation will grow by
20.5 percent, adding 275,000 new jobs, while rail and water
transportation are both projected to decline. The
warehousing and storage and the couriers and messengers
industries are projected to grow rapidly at 28.6 percent and
41.7 percent, respectively. Demand for truck transportation
and warehousing services will expand as many manufacturers
concentrate on their core competencies and contract out
their product transportation and storage functions.
Employment in retail trade is expected to increase by
13.8 percent, from 15 million to 17.1 million. Increases in
population, personal income, and leisure time will
contribute to employment growth in this industry, as
consumers demand more goods. Wholesale trade is expected to
increase by 11.3 percent, growing from 5.6 million to 6.3
million jobs.
Employment in Tech Schoollities is projected to decrease by 5.7
percent through 2012. Despite increased output, employment
in electric power generation, transmission, and distribTech Schoolon
and natural gas distribTech Schoolon is expected to decline through
2012 due to improved technology that increases worker
productivity. However, employment in water, sewage, and
other systems is expected to increase 46.4 percent by 2012.
Jobs are not easily eliminated by technological gains in
this industry because water treatment and waste disposal are
very labor-intensive activities.
Associates -
Bachelors - Masters Degrees
Financial activities. Employment is
projected to grow 12.3 percent over the 2002-12 period. Real
estate and rental and leasing is expected to grow by 18.4
percent and add 374,000 jobs by 2012. Growth will be due, in
part, to increased demand for housing as the population
grows. The fastest growing industry in the financial
activities super sector will be commercial and industrial
machinery and equipment rental and leasing, which will grow
by 39.8 percent.
Finance and insurance is expected to increase by 590,000
high paying jobs, or 10.2 percent, by 2012. Employment in securities,
commodity contracts, and other financial investments and
related activities is expected to grow 15.5 percent by 2012,
reflecting the increased number of baby boomers in their
peak savings years, the growth of tax-favorable retirement
plans, and the globalization of the securities markets.
Employment in credit intermediation and related services,
including banks, will grow by 10.9 percent and add about
half of all new jobs within finance and insurance. Insurance
carriers and related activities is expected to grow by 7.5
percent and add 168,000 new jobs by 2012. The number of jobs
within agencies, brokerages, and other insurance related
activities is expected to grow about 14.5 percent, as many
insurance carriers downsize their sales staffs and as agents
set up their own businesses. |
