Top 10 industries that will be hiring

June 18th, 2011, 6:00 am
by Mary Ann Milbourn

If you are looking for work or training for a new career, you might as well go into something where there will be jobs.

Industry researcher IBISWorld compiled a list of which sectors will see the biggest job growth from now until 2016 — and it may surprise you.

Many are real-estate related, led by sustainable building material manufacturing, which is expected to grow 19.3% compounded annually over the next five years. (Click on chart to enlarge.)

Multi-Family Home Building
Used Car Dealers
Remediation of Environmental Cleanup Services
Millwork
Real Estate Asset Management & Consulting
Prefabricated Home Manufacturing
Third Party Administrators & Insurance Claims Adjusters
Real Estate Appraisers
Automobile manufacturing

Here’s the company’s take on the broad hiring trends they see coming:

Environmental Preservation. Increasing government regulations will keep the focus on environmental preservation, benefiting businesses in the sustainable building material manufacturing and remediation and environmental cleanup services industries. IBISWorld estimates that jobs within these industries will grow 19.3% and 6.3% per year, respectively, by 2016.

Construction. With economic improvement will come a rebound in the housing market, which will benefit companies involved in multi-family home building, millwork and prefabricated housing. IBISWorld expects jobs within these industries to grow annually at 10.9%, 6.2% and 6.1%, respectively, by 2016.

Automotive. This sector was hit hard during the recession, but as consumer confidence climbs so will car sales. Higher automotive demand will benefit used car dealers and auto manufacturers. IBISWorld expects annual employment growth of 8.8% and 1.5% in these industries, respectively, by 2016. Auto manufacturing is not expected to grow as quickly as the other industries listed due to a high level of outsourcing in recent history. However, domestic firms are starting to move some of their manufacturing functions back to the United States. After years of outsourcing, this shift could entirely restructure the recovering industry.

Real Estate. There will be a renewed post-recession interest in real estate as business picks up and companies need appraisal and risk management services. Real estate asset management and consulting and real estate appraisal firms are expected to beef up personnel to accommodate growth, increasing employee numbers at 6.2% and 5.6% per year, respectively, by 2016.

Insurance. To hedge risk exposure, insurers are increasingly outsourcing risk management functions as well. In turn, third-party administrators and insurance claim firms will have to bolster personnel. Employment in this industry is set to grow 5.7% annually to 2016.

http://economy.ocregister.com/2011/06/1 ... ing/58939/