10 July 2014

Projected US job growth until 2022: health care swamps everything

Although there are clearly large differences between the US and the Australian workforces (the sheer size for starters; the US employed non-farm workforce is 138.7 million compared to Australia’s total employed workforce of 11.6 million) there’s still something to be gained in seeing what interesting data the US Bureau of Labor Statistics throws up.

Every two years the Bureau releases projections of the 30 fastest-growing careers. Here are the top twenty jobs that were on the most recent list covering the ten year period 2012 – 2022.


Rank
Job
Projected rise 2012 - 2022
2012 total employment
Median pay in 2012 (USD$)
1.
Industrial-organisational psychologists
53.4 %
1,600
$83,580
2.
Personal care aides
48.8%
1.19 million
$19,910
3.
Home health aides
48.5
875,100
$20,820
4.
Insulation workers, mechanical
46.7%
28,900
$39,170
5.
Interpreters and translators
46.1%
63,600
$45,430
6.
Diagnostic medical sonographers
46%
58,800
$65,860
7.
Brickmasons, blockmasons, stonemasons, and tile and marble setters
43%
24,400
$28,220
8.
Occupational therapy aides
42.6
30,300
$53,240
9.
Genetic counsellors
41.2 
2,100
$56,800
10.
Physical therapist assistants
41
71,400
$52,160
11.
Physical therapist aides
40.1
50,000
$23,880
12.
Skincare specialists
39.8 
44,400
$28,640
13.
Physician Assistant
38.4 
86,700
$90,930
14.
Segmental pavers
38.1
1,800
$33,720
15.
Electricians
36.9
 60,800
$27,670
16.
Information security analysts
36.5
75,100
$86,170
17.
Occupational therapy aides
36.2
8,400
$26,850
18.
Health specialties teachers, postsecondary
36.1
190,000
$81,140
19.
Medical secretaries
36
525,600
$31,350
20.
Physical therapists
36
204,200
$79,860

As you can clearly see the ageing population is going to cause a massive upswing in employment within the health care and social assistance area as the fact of thirteen of the twenty jobs on the above list would indicate.
In Australia the best disaggregated projected job growth provided by the Department of Employment is 2013 – 2018 data. This tells us that Australia’s largest increase in new jobs (in actual jobs, not percentage of new jobs) is projected to come from the following industry subsectors: 
  1. School Education (58,900)
  2. Medical Services (49,000)
  3. Caf├ęs, Restaurants and Takeaway Food Services (43,700)
  4. Allied Health Services (43,000)
  5. Supermarket and Grocery Store (36,300)
  6. Tertiary Education (32,700)
  7. Computer System Design and Related Service (31,100)
  8. Other Social Assistance Services (30,400)
  9. Legal and Accounting Services (30,300)
  10. Hospitals (29,300) 
Whichever way you look at it, setting yourself up for a career in health care and related areas would seem to indicate you’ll never be unemployed for long, if at all.

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