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

10 Fastest Growing Industries in America

By Dan Fastenberg

For years now, agriculture and manufacturing have been stalling, while service sectors have been adding jobs. And that shift will be "cemented" by 2020, according to Nicole Smith, a senior economist at the Georgetown University Center on Education and the Workforce. Smith is a co-author of a new study that identifies the fastest-growing industries and projects that the top five will all be in service industries, like health care and hospitality.

Using state and national data, the report, co-authored by Smith, Anthony Carnevale, the center's director, and Jeff Strohl, the center's research director, projects that a total of 55 million new jobs will be created from 2010 to 2020. Twenty-four million of the jobs are expected to be newly-created positions. The rest are expected to result from retiring baby boomers.

"If the U.S. Congress can deal with budgetary challenges, we are on schedule for recovery," Carnevale said in a press release accompanying the report.

The catch, however, about all the new jobs is that there may not be enough qualified workers to fill the openings. According to the Georgetown study, five million of the total job vacancies will remain open throughout the decade as Americans fail to receive the proper educational and technical training.

Here are the ten fastest-growing industries:

10. Private Education Services

Total jobs in 2010: 3,450,000

Total vacancies 2010-2020: 1,420,000

Percent growth: 28

Find a job now in private education services.

9. Natural Resources

Total jobs in 2010: 3,860,000

Total vacancies 2010-2020: 1,460,000

Percent Growth: 10

Find a job now in natural resources.

8. Transportation and Utilities services

Total jobs in 2010: 5,520,000

Total vacancies 2010-2020: 2,080,000

Percent Growth: 13

Find a job now in transportation and utilities services.

7. Construction

Total jobs in 2010: 7,370,000

Total vacancies 2010-2020: 2,760,000

Percent Growth: 12

Find a job now in construction.

6. Manufacturing

Total jobs in 2010: 10,070,000

Total vacancies 2010-2020: 3,490,000

Percent Growth: 4

Find a job now in manufacturing.

5. Leisure and Hospitality services

Total jobs in 2010: 12,930,000

Total vacancies 2010-2020: 5,100,000

Percent Growth: 18

Find a job now in leisure and hospitality services.

4. Health Care services

Total jobs in 2010: 15,670,000

Total vacancies 2010-2020: 6,590,000

Percent Growth: 26

Find a job now in health care services.
1 of 2

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 $94.99 -0.02%
FB $99.54 -0.21%
GOOG $678.11 -0.68%
TSLA $148.25 0.18%
YHOO $26.82 -0.85%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs