The labor force is always shifting, responding to technological or societal changes. For that reason, keeping an eye on the fastest growing industries can help workers and businesses stay on top of the crucial trends driving employment.
Visual Capitalist’s Pallavi Rao examined projections from the U.S. Bureau of Labor Statistics on the fastest growing industries, as well as those that are declining the fastest.
All of the top three fastest growing industries in the U.S. belong to the Leisure and Hospitality sector, followed by Health Care and Professional & Business Services.
Event Promoters, Agents, and Managers top the list with an impressive, predicted growth of 39%, employing over 180,000 workers by 2031.
Manufacturing leads the group of industries expected to register the highest employment declines by 2031, with Tobacco manufacturing projected to decrease 53% in employment.
Material prepared by Sherman Portfolios, LLC.