Top 10 Fastest Growing Industries in the U.S.

Where Will the Jobs Be?

When reporting on the fastest growing industries, we can look at a few variables. We can consider those that are predicted to have the highest sales or profits. We can also look at which ones have the highest levels of production.

While these are important factors, what it comes down to for individuals who want to grow their careers is to find industries that economists expect to have the greatest growth in employment. In other words, where will the jobs be?

Here are 10 of the fastest growing industries in the United States, based on how many jobs the U.S. Bureau of Labor Statistics (BLS) predicts each will add over the current decade (beginning in 2014 and ending in 2024). Following a description and employment projections for each industry, is a list of job titles. While each industry employs people in many different occupations, these are the job titles held by the majority of people employed in it.

The job outlook is included for each title. This is an estimate of the increase (or decline) in employment for those occupations, both in and out of these industries. It is important to have this information should you plan to look for work in another industry down the road. You want to make sure you can move from industry to industry. Where available, median salaries for each job title within the industry described here are included. If that information is unavailable, a median salary for that occupation, in general, is provided.

Although the health of a particular industry or occupation is a factor you should always consider when making decisions about your future, it is also essential to choose a career that is a good fit for you. Learn everything you can about yourself by conducting a thorough self-assessment, and extensively research the occupation you are considering. While working in one of the fastest growing industries can help ensure a prosperous future, you will only have a fulfilling career if you choose one that is also suitable for you.

1
Specialty (Except Psychiatric and Substance Abuse) Hospitals

Nurse working in a specialty hospital
Hero Images / Getty Images

What Types of Entities Are Part of This Industry?

  • Long-term Care Facilities for the Chronically Ill
  • Rehabilitation Facilities for Physically Challenged or Disabled Patients

Leading U.S. Company (by revenue):  RehabCare Group Inc.

Jobs Projected to Be Added Between 2014 to 2024: 2,300

Projected Employment in 2024: 5,000

Top Job Titles:

  • Registered Nurses: Registered nurses, or RNs, treat patients and advise them and their caregivers. An excellent job outlook is expected through, at least, 2024. RNs working in hospitals earned a median annual salary of $69,510 in 2015.
  • Nursing Assistants: Nursing assistants provide basic care for hospitalized patients. Employment is expected to grow faster than the average for all occupations through 2024. Hospitals that employed nursing assistants paid them a median annual salary of $27,820 in 2015.
  • Medical Secretaries: Medical secretaries take phone calls, make appointments, maintain files, bill patients, and pay vendors in medical facilities. They can expect a favorable employment outlook through 2024, with an increase in jobs that surpasses the average increase for all occupations. Their median annual earnings were $33,040 in 2015.
  • Medical Scientists (Except Epidemiologists): Medical scientists research diseases and health conditions. Employment is expected to grow about as fast as the average through 2024. Medical scientists employed by hospitals earned a median annual salary of $76,670 in 2015.

2
Home Health Care Services

Home health aide or home care aide with a patient in his home
Jose Luis Pelaez Inc / Getty Images

What Types of Entities Are Part of This Industry?

Companies that provide:

  • Skilled Nursing Services
  • Personal Care Services
  • Homemaker and Companion Services
  • Physical Therapy
  • Medical Social Services
  • Medications
  • Medical Equipment and Supplies
  • Counseling
  • 24 Hour Home Care
  • Occupational and Vocational Therapy
  • Dietary and Nutritional Services
  • Speech Therapy
  • Audiology
  • High-Tech Care

Leading U.S. Companies (by revenue): Option Care Inc., Carex Health Brands, Wilmac Corp., Parkview Home Health and Hospice, Adventist Health System/Sunbelt Inc.

Jobs Projected to Be Added Between 2014 to 2024: 760,400

Projected Employment in 2024: 2,022,600

Top Job Titles:

  • Home Health Aides: Home health aides provide basic care to patients in their homes by administering medications, changing bandages, and checking vitals. Employment is expected to grow much faster than the average for all occupations through 2024. In 2015, home health aides working in this industry earned a median annual salary of $19,130.
  • Home Care Aides: Home care aides assists patients with activities of daily living. Employment is predicted to grow faster than the average for all occupations through 2024. Median annual earnings for home care aides working in the home health care services industry were $21,710 in 2015.
  • Registered Nurses: See job description and job outlook under "Specialty Hospitals." RNs working in home care services earned a median annual salary of $63,840 in 2015.

3
Offices of Other Health Practitioners

Examination room in a health practitioner's office
Jonnie Miles / Getty Images

  What Types of Entities Are Part of This Industry?

  • Private and Group Medical Practices in Free-Standing Facilities
  • Private and Group Medical Practices in Hospitals and Medical Centers

Leading U.S. Companies (by revenue): Corizon Inc., U.S. Physical Therapy Inc., Heritage House Nursing Center, Western Maryland Health System Rehab 

Jobs Projected to Be Added Between 2014 to 2024: 352,300

Projected Employment in 2024: 1,136,500

Top Job Titles:

  • Medical Assistants: Medical assistants perform clerical and clinical tasks in health practitioners' offices. They can expect an increase in employment that is faster than the average for all occupations through 2024. In 2015, medical assistants who worked in the offices of health practitioners earned a median annual salary of $27,980.
  • Massage Therapists: Massage therapists manipulate muscles and soft body tissue to treat their clients. They have a favorable job outlook with employment growth that is faster than the average for all occupations predicted through 2024. They earned median annual wages of $38,040 in 2015.
  • Receptionists: Receptionists working in medical practitioners' offices greet patients, receive phone calls, and answer general questions. They can expect to experience faster than average job growth through 2024. Receptionists working in the offices of other health practitioners earned a median hourly wage of $12.84 in 2015.

4
Power and Communication Line and Related Structures Construction

Power lines
daniel reiter / Getty Images

What Types of Entities Are Part of This Industry?

  • Establishments that build structures that are related to power and communications networks such as power lines and towers; power plants; and radio, television, and telecommunications transmitting and receiving towers
  • Companies that are involved in the reconstruction and repair of the above structures

Leading U.S. Company (by revenue): United States Infrastructure Corp.

Jobs Projected to Be Added Between 2014 to 2024: 96,800

Projected Employment in 2024: 265,400

Top Job Titles:

  • Line Installers (Telecommunications and Power Line): Telecommunications and power line installers string power and telecommunications lines between poles, towers, and equipment. They also lay cables underground. Employment is expected to grow faster than the average for all occupations through 2024. In 2015, the utility system construction industry paid a median annual salary of $49,440.
  • Construction Laborers and Helpers: Construction laborers and helpers assist construction trade workers by keeping work areas clean and orderly. Employment, though 2024, is expected to grow faster than the average for all occupations. Construction laborers and helpers earned a median annual salary of $31,910 in 2015.
  • Operating Engineers and Other Construction Equipment Operators: Construction equipment operators drive and control equipment used to build structures. They can expect an increase in jobs at a rate that is faster than the average for all occupations through 2024. Their median annual salary, in 2015, was $44,600.

5
Offices of Physical, Occupational, and Speech Therapists, and Audiologists

Physical therapist with a patient
Tetra Images / Getty Images

What Types of Entities Are Part of This Industry?

  • Physical Therapists' Practices
  • Occupational Therapists' Practices
  • Audiologists' Practices

Leading U.S. Companies (by market share): Healthsouth, Kindred Healthcare, Select Medical, U.S. Physical Therapy

Jobs Projected to Be Added Between 2014 to 2024: 190,800

Projected Employment in 2024: 525,700

Top Job Titles:

  • Physical Therapists: Physical therapists, often called PTs, use a variety of modalities to restore function, relieve pain, and improve mobility in their patients who have disabling conditions. Employment is expected to grow much faster than the average for all occupations through 2024. PTs who work in the offices of physical, occupational, and speech therapists, and audiologists earned a median annual salary of $80,000 in 2015.
  • Physical Therapist Assistants: Physical therapist assistants work with PTs to provide therapy to patients. They can expect a favorable job outlook through 2024 with employment that will grow much faster than the average for all occupations. Median annual earnings for PTs who work in this industry were $53,000 in 2015.
  • Physical Therapy Aides: Physical therapy aides prepare treatment rooms and escort patients to them. Their job outlook is excellent. Employment, through 2024, is expected to grow much faster than the average for all occupations. In 2015, physical therapy aides who work in the offices of physical therapists earned a median annual salary of $23,760.
  • Occupational Therapists: Also called OTs, occupational therapists help patients recover the ability to perform tasks of daily living. Employment is predicted to grow much faster than the average for all occupations through 2024. OTs working in this industry earned a median annual salary of $82,610 in 2015.
  • Occupational Therapy Assistants: Occupational therapy assistants help patients perform exercises specified in an OTs' treatment plan. Predictions indicate that employment will grow much faster than the average for all occupations through 2024. In 2015, occupational therapy assistants working in OTs' offices earned a median annual salary of $58,840.
  • Speech-Language Pathologists: Speech-language pathologists work with clients who have speech-related and voice disorders. Employment growth is predicted to be much faster than the average through 2024. Those working in physical, occupational, and speech therapy, and audiology practices earned $78,760 in 2015.
  • Audiologists: Audiologists diagnose hearing and balance disorders. While employment is expected to grow much faster than the average for all occupations through 2024, this won't result in a lot of jobs since this occupation employs very few people. In 2015, audiologists earned a median annual wage of $74,890.
  • Receptionists: See job description, job outlook, and earnings under "Offices of Other Health Practitioners."

6
Community Care Facilities for the Elderly

Couple in retirement community with caregiver
Portra Images / Getty Images

 What Types of Entities Are Part of This Industry?

  • Continuing Care Retirement Communities With Nursing Facilities
  • Assisted Living Facilities for the Elderly

Leading U.S. Companies (by resident capacity): Brookdale Senior Living Inc., Holiday Retirement, Life Care Services LLC, Sunrise Senior Living

Jobs Projected to Be Added Between 2014 to 2024: 405,400

Projected Employment in 2024: 1,248,600

Top Job Titles:

  • Nursing Assistants: See job description, job outlook, and earnings under "Specialty Hospitals."
  • Home Care Aides and Home Health Aides: See job descriptions, job outlook, and earnings under "Home Health Care Services."

7
Electronic Shopping and Mail-Order Houses

Distribution warehouse for online shopping company
Alistair Berg / Getty Images

What Types of Entities Are Part of This Industry?

  • Companies that sell merchandise on the Internet
  • Establishments that use the Internet to facilitate the business-to-consumer and consumer-to-consumer sales of new and used goods by auction
  • Companies that use catalogs and television to sell merchandise

Leading U.S. Companies (by revenue): QVC, Guess.com Inc.

Jobs Projected to Be Added Between 2014 to 2024: 152,900

Projected Employment in 2024: 481,700

Top Job Titles:

  • Customer Service Representatives: Customer service representatives take orders, answer questions, and resolve customers' problems. Employment is expected to increase much faster than the average for all occupations through 2024. In 2015, jobs in this field paid a median wage of $15.25 per hour.
  • Order Clerks: Order clerks receive orders online or via phone or mail. They process these orders and answer customers' questions. We can expect little or no change in employment through 2024. Order clerks received a median hourly wage of $15.54 in 2015.
  • Shipping, Receiving, and Traffic Clerks: Shipping, receiving, and traffic clerks track outgoing and incoming shipments. They calculate freight costs and prepare invoices. Employment is expected to decline through 2024. Median annual earnings were $30,450 in 2015.

8
Ambulance Services

Paramedics taking patient on stretcher from ambulance to hospital
Paul Burns / Getty Images

What Types of Entities Are Part of This Industry?

  • Companies that provide ground or air transportation and medical care to patients, usually during a medical emergency

Leading U.S. Company (by revenue): NORCAL Ambulance

Jobs Projected to Be Added Between 2014 to 2024: 68,700

Projected Employment in 2024: 235,600

Top Job Titles:

  • Emergency Medical Technicians (EMTs) and Paramedics: EMTs and paramedics deliver on-site emergency medical care to injured or severely ill patients. There is expected to be an increase in employment that is much faster than the average for all occupations through 2024. Ambulance services paid EMTs and paramedics a median annual salary of $30,450 in 2015.
  • Ambulance Drivers: Ambulance drivers transport patients to hospitals. In addition to driving ambulances, they sometimes assist EMTs and paramedics in lifting patients and getting them into the vehicles. Projected employment growth, through 2024, is much faster than the average for all occupations. Ambulance drivers earned median annual wages of $23,740 in 2015.
  • Police, Fire, and Ambulance Dispatchers: Dispatchers receive calls from people who need help with emergencies and non-emergencies. They take vital information and relay it to first responders. They often instruct callers on what to do while waiting for help to arrive. While employment is expected to decline through 2024, there will be job openings that employers must fill as workers leave the field due to job stress. In 2015, police, fire, and ambulance dispatchers earned median annual wages of $38,010.

9
Residential Mental Health and Substance Abuse Facilities

Group therapy at a substance abuse facility
Maica / Getty Images

What Types of Entities Are Part of This Industry?

  • Residential facilities that provide care for individuals who have mental health and substance abuse illnesses

Jobs Projected to Be Added Between 2014 to 2024: 82,600

Projected Employment in 2024: 291,800

Top Job Titles:

  • Social and Human Service Assistants: Social and human service assistants help match clients in need with community services and government benefits. Employment will grow, according to predictions, must faster than the average for all occupations through 2024. Those working in residential facilities earned a median annual salary of $27,100 in 2015.
  • Substance Abuse and Behavioral Disorder Counselors: Substance abuse and behavioral disorder counselors treat and provide support to individuals who are addicted to drugs or alcohol, or who have eating disorders or other behavioral issues. Job growth will be much faster than the average for all occupations through 2024. Median annual earnings were $39,980 in 2015.
  • Home Health Aides and Home Care Aides: See job description, earnings, and job outlook under "Home Health Care Services."
  • Mental Health Counselors: Mental health counselors treat people who are coping with emotional and mental disorders. The job outlook is expected to be excellent with employment growth that is faster than the average for all occupations through 2024. In 2015, mental health counselors who worked in residential facilities earned a median salary of $44,140 per year.

10
Other Financial Investment Activities

Couple shaking hands with financial advisor
Hero Images / Getty Images

What Types of Entities Are Part of This Industry?

  • Investors that buy and sell their own investment contracts
  • Portfolio Management Firms
  • Investment Advisors
  • Bank Trust Offices and Escrow Agencies
  • Investment Brokers and Agents

Leading U.S. Companies (by revenue): The Vanguard Group, Putnam Investment Management Inc., Royce and Associates, Elliott Management Corp., Morgan Stanley, Charles Schwab Corp., U.S. Trust Bank of America Private Wealth Management, HSBC Trustee Ltd.

Jobs Projected to Be Added Between 2014 to 2024: 167,900

Projected Employment in 2024: 597,800

Top Job Titles:

  • Personal Financial Advisors: Personal financial advisors help individuals and couples plan for retirement, college, and other long and short term financial goals. The job outlook for this occupation is strong as employment is predicted to increase much faster than the average for all occupations through 2024. Financial advisors who worked in this industry earned a median annual salary of $95,500 in 2015.
  • Financial Analysts: Financial analysts evaluate investment opportunities and recommend individual investments and portfolios. Forecasts indicate that employment will grow faster than the average for all occupations through 2024. The median salary of financial analysts who worked in this industry, in 2015, was $94,450.
  • Securities, Commodities, and Financial Services Sales Agents: Securities, commodities, and financial services sales agents buy, sell, and trade securities and commodities. The job outlook for this career is good—employment should grow faster than the average for all occupations through 2024. Sales agents working in this industry earned median annual wages of $97,740 in 2015.
  • Accountants and Auditors: Accountants and auditors prepare financial statements and examine them for accuracy. Employment will grow faster than the average through 2024, according to predictions. In 2015, accountants and auditors earned median wages of $67,190.

Sources:

  • Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17. 
  • Business Insights: Essentials. Gale. 2017 (Database).
  • Employment and Training Administration, U.S. Department of Labor, O*NET Online.
  • Fastest Growing Industries. Career OneStop. Bureau of Labor Statistics, Office of Occupational Statistics and Employment Projections.

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