10 Industries to Watch


The economy's current state might be better than it was in the tail end of 2008, but it definitely has room for improvement. The unemployment rate cracked 10 percent and companies continue to cut jobs. People want to find jobs now, and understandably so.

The march toward recovery is frustratingly slow, however, which means job seekers who are looking for work today also need to keep an eye on the future. Industries that aren't thriving today will bounce back and grow in the coming years. Therefore, you can job hunt now and still work toward your long-term career goals.


Where the jobs are now

In his new book, "Where the Jobs Are Now," Joe Watson looks at the industries that are hiring right now, despite the sluggish economy. Some sectors are booming because of increased demands -- some related to the economy. Watson identifies seven industries experiencing a boon right now: health care, biotechnology, education, green energy, government, security and information technology.

Why? Well, the answer is different for each industry. Right now, many professionals are returning to school to earn a degree, get a certification or brush up on the latest technology. Therefore an increase in education jobs, from the administrative level to teaching positions, makes sense. An aging population is putting more demands on health care workers and also emphasizing the importance of biotechnology. New technology and a cultural desire for sustainability are increasing the need for green technology. The reasons go on and on, but ultimately they all prove that certain needs don't disappear just because of a sour economy.


Which industries will grow

Meanwhile, for other industries, growth isn't happening just yet, but it will soon. The economy won't stay in its current state forever, and depending on the source, some people claim we're on an upswing right now. Regardless, throughout the next five years some sectors will rise above others, says Toon van Beeck, senior analyst for industry research firm IBISWorld. "Some industries on the list have taken a major hit during the recessions," he explains. "But as economic conditions improve, resurgence in global demand and rising commodity prices will boost conditions in those sectors."

"Some industries on the list have taken a major hit during the recessions," he explains. "But as economic conditions improve, resurgence in global demand and rising commodity prices will boost conditions in those sectors."

Perhaps you can't predict the future, but IBISWorld analyzed more than 700 U.S. industries in order to understand where the jobs will be in the near future. Based on IBISWorld's number crunching, here are 10 industries that will have the fastest employment growth in the next five years:


1. Voice over Internet protocol providers (VoIP)

2009 employees: 17,110

Projected 2014 employees: 34,850

Annualized growth: 15.3 percent


2. Private equity, hedge funds and investment vehicles

2009 employees: 35,200

Projected 2014 employees: 58,700

Annualized growth: 10.8 percent


3. Single-family home building

2009 employees: 435,000

Projected 2014 employees: 655,000

Annualized growth: 8.5 percent


4. Car and automobile manufacturing

2009 employees: 50,756

Projected 2014 employees: 73,950

Annualized growth: 7.8 percent


5. Environmental consulting

2009 employees: 122,922

Projected 2014 employees: 176,519

Annualized growth: 7.5 percent


6. Multi-family housing construction

2009 employees: 60,000

Projected 2014 employees: 86,000

Annualized growth: 7.5 percent


7. Search engines

2009 employees: 29,530

Projected 2014 employees: 40,850

Annualized growth: 6.7 percent


8. New car dealers

2009 employees: 750,825

Projected 2014 employees: 1,033,679

Annualized growth: 6.6 percent


9. Court reporting services

2009 employees: 271,843

Projected 2014 employees: 370,993

Annualized growth: 6.4 percent


10. Oil and gas machinery manufacturing

2009 employees: 45,169

Projected 2014 employees: 60,716

Annualized growth: 6.1 percent


Next: 10 Companies Hiring Now >>



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stacy

My mother has been a Registered Nurse since 1976. In Southern California they are not hiring much nurses in the hospitals. In fact where she works, they are firing nurses and doctors in Hollywood. They are short on nurses and doctors, but their is not enough money to employ everyone. She still has her job, fortunately. Many other hospitals are laying off nurses and are on hiring freezes. I even told her that I read that Register Nursing is recession proof online and she looked at me like I was an idiot and told me that's not true.

My father works in the construction industry in California and he had to leave America to find a job overseas which is a lot better than the meager salary here. Our jobs are leaving America. So, all this crap about the employment going up in certain areas are not true. This article is crap, its not valid. We need to stop listening to these lies.

April 15 2010 at 2:18 PM Report abuse +1 rate up rate down Reply
rick

Nick is an ass and because he cannot get a college degree all he can do is shovel shit.

April 15 2010 at 2:15 PM Report abuse rate up rate down Reply
rick

With a College degree in Agriculture Home Depot or Lowes would not hire me. Only minimum paid workers for them, thats why you can not get and advice or adequate help.

April 15 2010 at 1:15 PM Report abuse rate up rate down Reply
1 reply to rick's comment
NICK

A degree in ag ?? ROFLMAO ! fOR ONE THING THATS A JOKE MY NEIGHBOR GOT ONE AND DOESN'T KNOW CRAP. WHAT DO YOU THINK TOU CAN DO FOR LOWES TELL CUSTOMERS WHEN TO SPREAD FERTILIZER ?? AH-HA-HA-HA HE-HE LMAO !

April 15 2010 at 1:38 PM Report abuse +1 rate up rate down Reply
Grammom

Dear Everyone.....Thanks for all your comments....I actually feel better....not that we're not working in our profession, but I realize that is it not me...I have so much experience under my belt, and I know that I would be capable of doing the job,. but I am older, healthy, Thank God, but,none the less, older...and I really thought that was the reason.. even though my resume doesn't state age or DOB, the experience tells a lot. I am going to take some advice from John...I have been thinking of Volunteering and will try this route. Networking is probably the best way to get your foot in the door....Good luck to you all and Thanks again for your letters and support...Gram

April 15 2010 at 1:09 PM Report abuse rate up rate down Reply
Laura Campbell

Wynne,
Have you ever watched LIVE closed captioning???? We have it on all the time, and it is hysterical at what they miss.
Humans are humans, and they make mistakes.....electronic recording does not.....nor can recording mere words give subtle context like body language and intonation which is so important when analyzing truthfulness.
And it is a pity you have to resort to name calling, that just proves you have no intellect.
As for your 225wmp, you do that phonetically, not letter per letter.....I type at 95wpm, letter for letter, so don't tell me about how fast you type...LOL!

April 15 2010 at 1:05 PM Report abuse rate up rate down Reply
2 replies to Laura Campbell's comment
Sarah

Wow, 95 wpm. That's great, really.

I don't recall name calling. Maybe someone else did. I am just merely defending my position. Letter by letter, phonetically, whatever. The end product is what matters, and if I can write 225 words per minute, versus your 95 words per minute, you do the math. I think that speaks for itself and how efficient we are. Thanks.

April 15 2010 at 1:11 PM Report abuse rate up rate down Reply
Frankie

Laura, 95 words per minute is way slower than what most people speak. Most people speak at 190 to 240 words per minute. So by typing on a keyboard, letter for letter, it would be pretty difficult to keep up. Stenographers can go as fast as 360 words per minute in short bursts. Granted, no one speaks that fast consistently; but if they do burst into speed, a stenographer would be able to keep up with what they are saying. You, typing 95 words a minute, wouldn't. That's why machine stenography was developed. It's way faster than typing because we write whole words at once; and in many cases,letter-by-letter we can write a complete phrase -- or even a complete sentence -- with one hit of multiple keys. All this is impossible typing letter by letter. No one is putting you down. Typing 95 words per minute is very good. But a stenographer can go way faster.

April 15 2010 at 10:27 PM Report abuse rate up rate down Reply
james

Free trade and labor unions do not mix. If they work for cheap and we have large wages guaranteed by Unions.. it cannot/willnot last. Reasonable trade laws, not where we always take it on the chin and less labor union demands or less labor unions... something has to give. Eventually you have fat wages for products that are overpriced and you go out of business... auto industrynot only example

Of course lobbyist bribes, trips, junkets, gifts from foreign countries result in rich congressmen and poor balance of trade. But we continue to allow foreign lobbyists... of course...when money finds it way into congressmen's hip pockets.

April 15 2010 at 12:58 PM Report abuse rate up rate down Reply
LISA

oh... by the by... i'm in the healthcare industry...
another growing industry..... only if you are willing to travel across country to do it... as temp... with temp benefits.... aha... growing industry?! humpf!!!

April 15 2010 at 12:48 PM Report abuse rate up rate down Reply
LISA

That's right Grammon et al....
These articles are by people who have jobs... and are very creative about creating work.... keeping busy to keep their jobs... same with all the online recruiters, online apps thru career-builder, monster... someone hs to mind the IT... there are no jobs... and HR advice adn professionals have become adept to the economic climate... writing about seeing the sunny side of the road... which is what all those people struggling to keep their jobs perceive...
All you need to do, to understand extensive unemployment... adn Congress should participate in this as well, is accept unemployment rates... as a job... and try to pay fulltime bills with it, do this for 26 weeks... cuz that's all i got... and now 3 years later... see how you feel.....
and see if the antidepressant drugs help you!

April 15 2010 at 12:47 PM Report abuse rate up rate down Reply
PACR

I am a freelance court reporter in Philadelphia.
I made $50,000 my first year out of school and most of my friends make more....I only like to work 30 hours a week.
Court reporting agencies are desperate for reporters in Philadelphia and the surrounding areas.

April 15 2010 at 12:44 PM Report abuse rate up rate down Reply
1 reply to PACR's comment
anita

Please send some names of busy agencies in Philly! Thanks

April 15 2010 at 2:43 PM Report abuse rate up rate down Reply
Bryan Merritt

The country is in a mess and Obama is the biggest duck in the pond he stured up this problem with his bail out that we just had to have by thursday as he said it. Now fifteen monthes later they have only used one third of it. and the Country is still suffering. we are hanging by a thread beacause of his socalist policies.

April 15 2010 at 12:19 PM Report abuse rate up rate down Reply

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