America's 25 Thriving Industries
The U.S. economy is the largest and one of the most complex and dynamic in the world — and as a result, the only constant is change. Consumer preferences shift along with the demographic makeup of the country; production processes evolve along with technological advancements; and innovation gives way to all new kinds of products and merchandise.
In such an economic environment, the job market is constantly changing. Over the course of just 10 years, entire industries can be decimated, while others take off, doubling and even tripling in size. Using data from the Bureau of Labor Statistics, 24/7 Wall St. reviewed employment change between 2009 and 2018 to identify America’s 25 thriving industries.
Technological advancement has been generally regarded as a job killer in recent years, particularly in the manufacturing sector, where automation is reducing the need for workers. However, while technology has made some jobs obsolete, it has created others. Technological growth is responsible for employment spikes in some industries on this list, including electric car battery manufacturing and internet publishing. Here is a look at how technology has changed the world since 2010.
Another common factor contributing to employment growth in several industries on this list is demographic change. For example, as the baby boomer generation continues to age and the population grows, demand for health care services also continues to increase.
In many of the industries reporting the strongest job growth, the average annual pay has also gone up considerably. From 2009 to 2018, the average annual pay across all industries increased by about 26%. In the majority of the industries on this list, wage growth has been stronger, and in a handful even the average pay is in the six-figure range. Here are 79 jobs with six figure salaries.