The U.S. economy added a net total of 155,000 new jobs in November 2018, according to the Bureau of Labor Statistics. November’s hiring uptick marks the continuation of a historic trend: 98 consecutive months of job growth, by far the longest streak in U.S. history.
While steady employment growth has been the norm throughout the economy in general, some industries stand out, growing far faster than the job market as a whole and buoying overall job growth.
Hiring spikes are often indicative of major cultural or technological shifts. The aging baby boomer generation, the proliferation of high-speed internet access, and the alcoholic beverage preferences of the millennial generation all help explain hiring surges in a number of different occupations. Over the last decade, these and other market forces have galvanized certain industries, sometimes more than doubling employment.
24/7 Wall St. reviewed annual employment data from the Bureau of Labor Statistics from 2008 to 2017 to identify America’s 25 thriving industries. All data, including employment totals and average wages, are from the Quarterly Census of Employment and Wages from the BLS. We only considered industries from the fourth level of detail in the North American Industry Classification System used by the Office of Management and Budget.