If you have been wondering what your new career track should be, it could be a good idea to look into the trades. Not only was there a shortage of qualified people in the construction trades heading into 2017, with the destruction of homes caused by hurricanes and fires this year, the demand will only get higher.
Those who are in the trades already, and who have the experience, this would be the time to go ahead and get the education and training you will need to start your own company. It’s also a great time for those employers who are looking for good people to start working with the local community colleges and perhaps even high schools to begin apprentice programs for students who have an apptitude for working with their hands.
“The Bureau of Labor Statistics publishes an occupational outlook each decade. It goes into great detail about each industry and occupation. Overall, the BLS expects total employment to increase by 20.5 million jobs from 2010-2020. While 88 percent of all occupations will experience growth, the fastest growth will occur in healthcare, personal care and social assistance, and construction. Furthermore, jobs requiring a master’s degree will grow the fastest while those that only need a high school diploma will grow the slowest.
The BLS assumes that the economy will fully recover from the recession by 2020 and that the labor force will return to full employment or an unemployment rate between 4-5 percent. The biggest growth (5.7 million jobs) will occur in healthcare and other forms of social assistance as the American population ages.
The next largest increase (2.1 million jobs) will occur in professional and technical occupations. Most of this is in computer systems design, especially mobile technologies, and management, scientific, and technical consulting. Businesses will need advice on planning and logistics, implementing new technologies, and complying with workplace safety, environmental, and employment regulations.
Other substantial increases will occur in education (1.8 million jobs), retail (1.7 million jobs) and hotel/restaurants (1 million jobs). Another area is miscellaneous services (1.6 million jobs). That includes human resources, seasonal and temporary workers, and waste collection.
As housing recovers, construction will add 1.8 million jobs while other areas of manufacturing will lose jobs due to technology and outsourcing. “
quoted from The Balance, US Economic Outlookhttps://www.thebalance.com/us-economic-outlook-3305669