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The industries expected to see the most growth in 2024 and beyond
A look at the careers and industries that are expected to see growth this year as well as those to come.
In 2023, despite adding fewer jobs than the previous two years, the US economy still managed to create over 2.6 million jobs for the third year in a row, which is similar to pre-pandemic levels. The average weekly salary increased to $34.27 in December 2023, a rise of 4.1%; however, the unemployment rate remained stable at 3.7% during November and December.
The healthcare industry experienced significant job gains in 2023, a trend that is expected to continue in the coming years. The Bureau of Labor Statistics (BLS) projects that overall employment in healthcare occupations will grow much faster than the average for all occupations by 2032, with an average of 1.8 million vacancies projected each year. While this industry creates jobs, there are more flexible sectors with better working conditions. We can recommend the best options for working in the USA.
What are the fastest-growing industries?
The BLS publishes occupational projects that provide job seekers with information on which jobs are expected to increase employment over the next decade. This information is divided by educational attainment, which helps to identify high or higher-earning careers with relatively stable levels of job security.
Transportation, storage, and distribution managers are expected to have faster than average job growth and an average salary of $80,000 or more, making it the only sector for high school diploma holders to achieve this. For those looking for a career where one can make between $60,000 and $79,000, options include electricians, telecommunications line installers and repairers, property, real estate, and community association managers, lodging managers, and flight attendants.
Those looking to begin their career or a change that has earned an associate’s degree could also add magnetic resonance imaging technologists, diagnostic medical sonographers, and dental hygienists to their lists. These, like some of the professions mentioned above, may require some additional schooling or training. However, the paycheck is likely to counterbalance any educational investments that one would need to make.
If you have completed your bachelor’s degree and are now deciding on a major, it’s important to consider the job market and the expected growth in demand for certain professions in the coming decade.
According to projections, some careers expected to see significant growth and offer an average salary of at least $80,000 are registered nurses, management analysts, project management specialists, computer systems analysts, and data scientists. However, if none of these options seem appealing to you, you can use the tool developed by the BLS that allows you to experiment with different variables such as salary, projected growth, and educational attainment.