Industries to Watch in 2014

Forbes magazine recently released information about the top fastest-growing industries in 2014.  The information comes from Sageworks, a financial information company that analyzes the performance of privately held companies and finds trends in profitability and expansion.  What do the findings mean for job seekers?

Manufacturing and farming on the rise – For anyone with experience on an assembly line, with certain types of farming, or in the front office, jobs in the manufacturing and farming fields may be a good next step.  These fields are diverse, as is the amount of experience required for each position.    

How handy are you? There is significant growth expected in the personal and household goods repair and maintenance field.  If you have the ability to fix furniture, lawn care equipment, and even jewelry, there may be a position for you.

Calling all IT professionals – The IT infrastructure plays a vital role in the success of any business, so IT professionals are in extremely high demand.  In this field you have the flexibility to work in an array of environments and industries.

Do you like helping others? Employment services professionals specialize in the placement of temporary workers to business executives.  Working in this field, you would help companies and job seekers alike. 

A good time to be an entrepreneur – As the housing market continues to improve, real estate agencies and broker offices are expected to continue their growth in profitability.  Now is a great time to enter the field, and a great first step is finding a local real estate class information session.  Entrepreneurs could also look into opportunities to provide services to any of the growing fields listed among the findings.

 

Fastest-growing industries (privately-held companies only) – Growth between December 2012 – December 2013

  1. Support activities for mining – 21%
  2. Oilseed and grain farming – 20%
  3. Beverage manufacturing – 20%
  4. Agriculture, construction, and mining machinery manufacturing – 20%
  5. Other crop farming – 18%
  6. Computer systems design and related services – 16%
  7. Offices of real estate agents and brokers – 16%
  8. Chemical and allied products merchant wholesalers/distributors – 16%
  9. Personal and household goods repair and maintenance – 16%
  10. Employment services – 15%

Source: Forbes “Industries To Watch In 2014: The 10 Fastest-Growing Fields” December 29, 2013

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