Yes, it’s a buyer’s market these days in the job market. It won’t always be that way, however, and a U.S. Department of Labor study reveals where we’ll see upswings — and deepening lows.
DOL’s projections are based largely on statistics from a national study conducted by the Bureau of Labor Statistics’ Monthly Labor Review. According to those numbers, 10 industries will be leaders in jobs and salary over the next six years (projected annual growth in parentheses):
- Management and technical consulting services: 5.9%
- Individual and family services: 5.7%
- Home healthcare services: 4.5%
- Securities, commodities & financial investments: 3.9%
- Facility sevices: 3.8%
- Residential care: 3.3%
- Independent artists, writers, and performers: 3.3%
- Computer systems design: 3.3%
- Museum and historical sites: 3.1%
- Day care services: 2.9%
And the 10 industries that are experiencing the most rapid decline:
- Sewing manufacturing (-8.7%)
- Footwear manufacturing (-7.3%)
- Federal enterprises (except the USPS) ( -5.2%)
- Knitting apparel factories ( -5.1%)
- Textile and Fabrics mills (-5.0%)
- Leather and hide manufacturing (-4.9%)
- Apparel manufacturing (-4.1%)
- Tobacco processing ( -4.0%)
- Computer manufacturing ( -4.0%)
- Iron and steel manufacturing (-3.9%)
Click here for the U.S. Department of Labor’s full list of “Industries with the fastest growing and most rapidly declining salary employment.”
