The dream for most people is to find a stable and successful career path. Holding a stable job that allows you to reach your potential and maximize your earnings may seem impossible. However, there are several industries currently experiencing growth. Qualified candidates are enjoying high-level entry salaries, job stability, and an easier path to career advancement. Here’s a look at the fastest-growing industries currently on the labor market.
1. Construction Industry
The construction industry is thriving right now as employees seek talented workers to assist on different projects. The biggest growth has occurred in the kitchen remodeling and urban development field. New hospitals and other healthcare facilities are being built all over the country. Trade schools are offering work training to help people gain the necessary experience to qualify for one of these high-paying jobs. In fact, according to the Hook Agency, over the last 5 years, plumbers have seen an average industry growth of 2.5%. Similarly, The U.S. solar industry has witnessed remarkable growth in the past decade while the cost of solar has declined by nearly 70%.
2. Travel Industry
Analysts project the travel industry to grow well over 10% throughout the next five years. In addition to hotel workers, the travel industry also includes hotel workers, tour operators, and travel agents. The rise of social media influencers has also reshaped the industry. As more people look forward to traveling freely again, analysts expect more lucrative job opportunities to open up.
3. Information Technology Industry
Technical support specialists have helped stimulate growth in the industry. The information technology industry features workers who are skilled at handling sophisticated computer systems. You may qualify for an entry-level job even if you don’t have a lot of experience in the field. However, taking a certification course should give you a competitive advantage during the application process. Analysts project the next wave of growth in the industry to come from IT programmers, cybersecurity experts, and information research scientists.
4. Transportation Industry
The transportation industry is on the rise. The category in North America is expected to grow at a compounded annual rate of 4.2 percent from 2021 to 2028 due to the use of dispense valves and the significant overall growth of sealants and adhesives. Different vehicles, trains, ships, and airplanes are used to transport people and different types of cargo safely. The industry is evolving to meet different demands. People are striving to find reliable transportation. The rising employment rate is based on the search for consistent drivers.
5. Architectural Engineering Industry
Architectural engineering centers on drafting and surveying different aspects of large projects. The industry has seen a spike in both revenue growth and unemployment rates because new building projects occur every week. Architects are reaping the benefits through securing higher-paying jobs. The primary driver for an increase in the use of dispense valves is the significant overall growth of sealants and adhesives.
6. Trucking Industry
The trucking industry helps transport goods of all shapes and sizes. Recently, the industry has been plagued by a driver shortage. Drivers are currently in demand, which has helped salaries skyrocket. Analysts point out that trucking companies are looking for drivers to transport cars and livestock. The employment rate is expected to continually rise over the next few years.
7. Real Estate Industry
The real estate industry is known for its volatility. Housing prices have become stagnant in recent years. However, housing prices are once again on the rise, and agents are securing higher commissions. Real estate brokers are also securing higher wages because the selling market continues to trend upwards.
8. General Services Industry
The general services industry includes pet care, dating, and wedding assistance. Industry analysts also point out the substantial growth in the childcare service and food delivery sectors. As more people opt for non-traditional schedules, market analysts project that the general services employment rate will increase by well over 10% in the next few years.
Drink Manufacturing Industry
Consumer demand for alcoholic and nonalcoholic beverages continues to rise. As a result, companies are looking to hire more workers at factories, wineries, and breweries.
These are just a few of the fastest-growing industries on the job market. Highlighting your strengths should help you find your dream job.