Wednesday, December 14, 2011

10 American Industries That Will Boom In The Next Decade

1- Full-service restaurants

Full-service restaurants

Number employed in 2008: 4,598,000

Number employed in 2018 (est.): 4,942,000

Percentage growth: 7.5%

Why: Americans eat out more than they used to, according to the USDA. This trend will continue as baby boomers enter their golden years.



2- Local government, excluding education and hospitals

Local government, excluding education and hospitals

Number employed in 2008: 5,819,000

Number employed in 2018 (est.): 6,306,000

Percentage growth: 8.4%

Why: Population growth and political trends will lead to a rising demand for public safety and health services, according to the BLS.


3- Employment services

Employment services

Number employed in 2008: 3,144,000

Number employed in 2018 (est.): 3,744,000

Percentage growth: 19.1%

Why: America's shifting economy will carry a high demand for temporary and specialized employees. Temp agencies are the largest sector of this industry.


4- Nursing care facilities

Nursing care facilities

Number employed in 2008: 1,614,000

Number employed in 2018 (est.): 2,007,000

Percentage growth: 24.4%

Why: America is aging.


5- Offices of physicians

Offices of physicians

Number employed in 2008: 2,266,000

Number employed in 2018 (est.): 3,038,000

Percentage growth: 34.1%

Why: The upshot of health care reform is much more business for physicians.



6- General merchandise stores

General merchandise stores

Number employed in 2008: 1,490,000

Number employed in 2018 (est.): 2,097,000

Percentage growth: 40.7%

Why: With continuing trends toward efficiency -- see Walmart -- American retail will grow in profit and workforce 



7- Computer Systems design and related services

Computer systems design and related services

Number employed in 2008: 1,450,000

Number employed in 2018 (est.): 2,107,000

Percentage growth: 45.3%

Why: There's a huge demand for computer services today, and this will only increase.

8- Home health care services

Home health care services

Number employed in 2008: 958,000

Number employed in 2018 (est.): 1,399,000

Percentage growth: 46.1%

Why: America is aging. For seniors who can't afford inpatient care, home health care will be a popular option.



9- Services for the elderly and persons with disabilities

Services for the elderly and persons with disabilities

Number employed in 2008: 585,000

Number employed in 2018 (est.): 1,016,000

Percentage growth: 73.8%

Why: Yet another sector related to America's aging population. This industry involves nurses and psychiatric aides at inpatient facilities, which will be in increasing demand.



10- Management, scientific, and technical consulting services

Management, scientific, and technical consulting services

Number employed in 2008: 1,009,000

Number employed in 2018 (est.): 1,844,000

Percentage growth: 82.8%

Why: A generation of highly educated but non-productive workers will swell the ranks of managers and consultants.




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