CareerBuilder just released a list of fast-growing industries with ample job prospects over the next five years. The study is based on data from Emsi, CareerBuilder’s labor market analysis arm that pulls data from over 90 national and state employment resources.
The U.S. is projected to create roughly 7.2 million jobs from 2016 to 2021 – a 4.6 percent increase — though many industries are projected to outpace the national average during this period.
Says Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation:
Based on historical trends and the current hiring situation, we can expect to see nearly 1 in 3 industries add jobs at a rate that exceeds the national average. The growth will be broad-based, covering everything from IT services and developmental therapies to conservation, investment management, online shopping and sports instruction. When growth extends across a wide variety of industries, it’s a good indicator of stability and strength in the labor market.”
What This Means For You
Close to one-third of all U.S. industries are expected to outperform the national average for employment growth over the next five years. Is yours one of them? EMSI’s data shows that the accumulation of new jobs will take place within a diverse mix of industries that require a broad range of skills and experience.
Finding out where your competition is advertising for your fast-growing positions will help you maximize your visibility – and get the best candidates. The Job Posting Analytics feature within CareerBuilder's Labor Market Analytics helps you do this by comparing the volume of job postings for a particular position to the number of hires made, demonstrating how much effort other organizations are putting in to attracting candidates for a position. Based on this data, you can determine whether you need to step up your efforts and increase resources to source the right talent.
See a list of some of the industries projected to add at least 10,000 jobs and see at least 15 percent growth in employment over the next five years.