It is always interesting to read the different articles and studies predicting where job growth will occur. To job seekers especially reading the future becomes key to finding steady employment. It also helps then decide what retraining or new training they will seek to help their job search.
U.S. Bureau of Labor Statistics produced an occupational outlook handbook in December of 2007 giving an overview of the 2008-2018 projections. They talked about changes by industry and by occupation. Their views seemed consistent with local surveys and articles in New Mexico and presents an interesting future.
As baby boomers age, increasing by 29.7 % there will be a need for services relative to that group. The goods-producing industries vary by group: Mining and Oil & Gas jobs are expected to decline, but construction work is expected to increase. Manufacturing and Agriculture are also expected to produce less jobs in the future. The Service Industries, as mentioned above, will offer new jobs in certain sectors, with the largest increases in Transportation and Healthcare. Interestingly, the Arts and Recreation industry is expected to grow by 15% mostly in amusement, gambling and recreation. This is attributed to more participation in these fields because of increasing income, leisure time and the focus on health and physical fitness. Other areas such and information, finance and insurance and management is predicted to show modest growth.
The big news, however, is that professional, scientific and technical services are expected to grow by 34% in the next 10 years. Waste management and remediation services are projected to grow 18%. For job seekers, computer design and related services is a huge growth sector, and offers good jobs and in many cases flexible working conditions, something all of us would like! There is one sector receiving local attention, with an increase in enrollment at UNM in the field: nuclear & chemical engineering related to the nuclear energy industry.
If you are looking for the next great job, check out some of these predictions and get yourself ready for the future, either through new training, or trying out a new industry to help you reach your goal.
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