Ten Industries with Double Digit Job Growth

• October 29th, 2012
• By Stephanie Gaspary in Talent Factor

Job creation in the U.S. is on an upward trajectory. While growth has been slower or stagnant in certain areas, there are many industries where the production of new jobs has accelerated. Markets tied to energy, production, technology, health care, transportation and consulting have increased employment 10 to 30 percent over the last few years.

The following is a list of specific industries where job growth has increased by double digits with an addition of at least 20,000 jobs from 2010 to 2012:

1. Internet Publishing and Broadcasting and Web Search Portals – 28,333 jobs added since 2010, signifying 30 percent growth
2. Drilling Oil and Gas Wells – 21,970 jobs added, up 29 percent
3. Electronic Shopping – 25,327 jobs added, up 23 percent
4. Crude Petroleum and Natural Gas Extraction – 32,715 jobs added, up 21 percent
5. Temporary Help Services – 438,116 jobs added, up 21 percent
6. Machine Shops – 44,754 jobs added, up 18 percent
7. Marketing Consulting Services – 27,113 jobs added, up 13 percent
8. Computer Systems Design Services – 88,740 jobs added, up 12 percent
9. Specialized Freight (except used goods) Trucking, Local – 22,936 jobs added, up 11 percent
10. Home Health Care Services – 116,360 jobs added, up 10 percent

The study uses Economic Modeling Specialists’ (EMSI) rich labor market database, which pulls from over 90 national and state employment resources, such as the U.S. Bureau of Labor Statistics, the U.S. Census Bureau, and state labor departments, and includes detailed information on employees and self-employed workers. EMSI removes suppressions often found in publically available data and includes proprietors, creating a complete picture of the workforce.

For the seventh consecutive quarter, Foote Partners, LLC’s Pay Index shows that the average pay for a large group of IT certifications declined, falling 1.6% in the six months that ended April 1. But salaries for a similarly large group of noncertified skills have continued to advance for an even longer period, since mid-2005. That group of 164 skills saw salaries rise nearly 2% over the same 6-month period.

Foote Partners notes that the increase in pay for noncertified skills is due in no small part to competition for IT professionals with experience in various SAP Applications.

David Foote, CEO and chief research officer of the Vero Beach, FL firm, said in a press release that SAP “caused skills and labor shortages that have gripped sizable segments of the employment market in North America and around the world and created some nasty supply and demand fluctations.”

Only one SAP skill is among the Top Five for average pay increases over the most recent six-month period, but eight are in the Top 25.

Top 5 noncertified skills, plus seven other SAP skills that made the top 25:

1. Network Security Management (+25% increase for 6 months, ending april 1, 2008)
2. Wireless Network Management (+22.2%)
3. Business Intelligence (+20%)
PHP
SAP Master Data Management
7. SAP ERP (+18%)
8. SAP Netweaver BI (+16.7%)
10. SAP Business Objects (+12.5%)
14. SAP Human Capital Management (HCM) – (+11.1%)
19. SAP Customer Relationship Management (CRM) – (+10%)
SAP Materials Management (MM)
22. SAP Netweaver Applications Server (+9.1%)

Source: ComputerWorld – July 14, 2008