Staffing Needs Rise as Millions of Health and Construction Jobs Expected by 2024
A positive industry outlook suggests increased needs for staffing as millions of new employees are projected by 2024. Health care and construction are expected to move ahead as the leading industries for growth through the next decade.Tweet This The Bureau of Labor and Statistics posts data projected both industry growth and the number of new jobs expected between 2014-2024.
Health care expected to see staffing surge
Health care and social assistance lead the way with an expected 3.8 million new jobs and an industry growth rate of 21%. Health care jobs are led by the need for home health care services. Home health care covers a wide range of services conducted away from a hospital or clinic. Medicare.gov describes home health services as including post-surgical wound care, IV and nutrition therapy, injections, and more.
As the baby boomer generation ages, home health can provide an opportunity to save costs and increase comfort with this older generation. Beyond home care, other health care fields expected to experience high growth include:
- outpatient care centers
- office of other health practitioners
- ambulatory health care services
- medical and diagnostic laboratories
Construction labor shortage expected alongside boom in housing starts
Construction jobs run second overall with 790,400 jobs expected over ten years and an industry growth rate of 13%. Real estate experts predict new home construction is on the verge of a 15 year boom. Citing a variety of factors from government involvement to changing technology and social shifts in behavior, new households are on the rise. This increased housing need has reportedly created a labor shortage – for both white and blue collar construction workers.
Winners and Losers – Industry Projections
Many industries besides construction and health care are expected to grow. With growth rates between 5-10%, private educational services, professional and business services, mining, leisure and hospitality, financial activities and wholesale trade are on the rise. Professional and business services lead with the second highest overall number of jobs expected, at almost 2 million.
Industry growth by specialty shows the majority of increases led by service providers while mining support leads the way for goods-producing sectors.
The slowest growth by industry is expected for utilities, manufacturing and agriculture. Manufacturing leads the highest level of job loss, with a projected 814,100 jobs being eliminated over 10 years. Clothing manufacturers are expected to take the hardest hit losing 76,800 jobs while plastics manufacturing is also expected to lose around 60,000 jobs. While technological advances may have led to a reduction in manual labor, statistics show that a growing trade deficit is largely responsible for this manufacturing shift. The biggest job loss for service providing industries is through the postal service. Postal worker jobs are expected to drop by 100,165 in the next decade.
Amid all of these changes, the staffing industry can be expected to grow to service markets with the largest labor shortages. Health care and construction staffing firms in particular, should see plenty of opportunity in the next decade to come.
*Note: Since government jobs can change rapidly based on political factors, these statistics were omitted from this article.