This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Don't Get Too Excited by Our 10 Fastest-Growing Professions

BOSTON ( TheStreet) -- Looking to build a career for yourself where there's healthy demand for you skills? Consider construction or health care.

The U.S. Labor Department found recently that the building and medical trades boast eight of the 10 professions the agency expects will see the fastest job growth during the current decade.

In fact, construction and health care host nine of the 10 fastest-growing jobs, if you count veterinary work as part of the medical field.

"We see a large number of health care occupations on the list because there's going to be greater demand for medical care as baby boomers grow older," says Teri Morisi of the Labor Department's Bureau of Labor Statistics.

Morisi says the BLS also expects construction jobs to boom as the building business rebounds from a big hit it took during the Great Recession.

"We don't expect [the building industry] to recover all of the jobs it lost during the steep decline of the most recent recession," she says, "but some construction occupations are expected to grow rapidly as the economy recovers."

Unfortunately, junior-level positions such as home health aides and carpenter's helpers make up most of the jobs the BLS predicts will have the greatest growth rates.

That means many fast-growing professions will pay less than the $34,460 median wage U.S. workers enjoyed last year, the latest period with BLS data available.

Morisi believes companies are adding lots of lower-paying positions because bosses are shifting work to the least-costly employees capable of performing any given job duty.

"Helpers or aides or assistants are less expensive to employ, but they can take on some higher-paid workers' tasks," she says.

The expert also theorizes that employers can "offshore" some high-skills jobs, but can't move lower-paying, hands-on work such as home-health-aide duties overseas.

Here's a look at the 10 professions the BLS predicts will enjoy the greatest percentage expansion of available jobs during the current decade.

All projected increases refer to 2010-20 as a whole, a decade in which the BLS forecasts the average U.S. occupation will grow 14.3%. Median-pay figures refer to annual wages as of 2011.
1 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.69 -0.59%
FB $119.49 1.40%
GOOG $711.11 1.40%
TSLA $214.84 1.60%
YHOO $37.23 0.79%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs