Economy
The 20 Fastest Growing Jobs in the Next Decade
How is the Job Market Shifting Over the Next Decade?
The employment landscape is constantly shifting. While agricultural jobs played a big role in the 19th century, a large portion of U.S. jobs today are in administration, sales, or transportation. So how can job seekers identify the fastest growing jobs of the future?
The U.S. Bureau of Labor Statistics (BLS) projects there will be 11.9 million new jobs created from 2020 to 2030, an overall growth rate of 7.7%. However, some jobs have a growth rate that far exceeds this level. In this graphic, we use BLS data to show the fastest growing jobs—and fastest declining jobs—and how much they each pay.
The Top 20 Fastest Growing Jobs
We used the dataset that excludes occupations with above average cyclical recovery from the COVID-19 pandemic. For example, jobs such as motion picture projectionists, ticket takers, and restaurant cooks were removed. Once these exclusions were made, the resulting list reflects long-term structural growth.
Here are the fastest growing jobs from 2020 to 2030, along with the number of jobs that will be created and the median pay for the position.
Occupation | Percent employment change, 2020–2030P | Numeric employment change, 2020-2030P | Median annual wage, 2020 |
---|---|---|---|
Wind turbine service technicians | 68.2% | 4,700 | $56,230 |
Nurse practitioners | 52.2% | 114,900 | $111,680 |
Solar photovoltaic installers | 52.1% | 6,100 | $46,470 |
Statisticians | 35.4% | 14,900 | $92,270 |
Physical therapist assistants | 35.4% | 33,200 | $59,770 |
Information security analysts | 33.3% | 47,100 | $103,590 |
Home health and personal care aides | 32.6% | 1,129,900 | $27,080 |
Medical and health services managers | 32.5% | 139,600 | $104,280 |
Data scientists and mathematical science occupations, all other | 31.4% | 19,800 | $98,230 |
Physician assistants | 31.0% | 40,100 | $115,390 |
Epidemiologists | 29.6% | 2,300 | $74,560 |
Logisticians | 29.5% | 56,400 | $76,270 |
Speech-language pathologists | 28.7% | 45,400 | $80,480 |
Animal trainers | 28.5% | 17,200 | $31,520 |
Computer numerically controlled tool programmers | 27.4% | 7,400 | $57,740 |
Genetic counselors | 26.2% | 600 | $85,700 |
Crematory operators and personal care and service workers, all other | 24.8% | 19,900 | $28,420 |
Operations research analysts | 24.6% | 25,600 | $86,200 |
Actuaries | 24.5% | 6,800 | $111,030 |
Health specialties teachers, post-secondary | 24.3% | 58,900 | $99,090 |
Wind turbine service technicians have the fastest growth rate, with solar photovoltaic (solar panel) installers taking the third slot. The rapid growth is driven by demand for renewable energy. However, because these are relatively small occupations, the two roles will account for about 11,000 new jobs collectively.
Nine of the top 20 fastest growing jobs are in healthcare or related fields, as the baby boomer population ages and chronic conditions are on the rise. Home health and personal care aides, who assist with routine healthcare tasks such as bathing and feeding, will account for over one million new jobs in the next decade. This will be almost 10% of all new jobs created between 2020 and 2030. Unfortunately, these workers are the lowest paid on the list.
Computer and math-related jobs are also expected to see high growth. The BLS expects strong demand for IT security and software development, partly because of the increase in people that are working from home.
The Top 20 Fastest Declining Jobs
Structural changes in the economy will cause some jobs to decline quite quickly. Here are the top 20 jobs where employment is expected to decline the fastest over the next decade.
Occupation | Percent employment change, 2020–2030P | Numeric employment change, 2020-2030P | Median annual wage, 2020 |
---|---|---|---|
Word processors and typists | -36.0% | -16,300 | $41,050 |
Parking enforcement workers | -35.0% | -2,800 | $42,070 |
Nuclear power reactor operators | -32.9% | -1,800 | $104,040 |
Cutters and trimmers, hand | -29.7% | -2,400 | $31,630 |
Telephone operators | -25.4% | -1,200 | $37,710 |
Watch and clock repairers | -24.9% | -700 | $45,290 |
Door-to-door sales workers, news and street vendors, and related workers | -24.1% | -13,000 | $29,730 |
Switchboard operators, including answering service | -22.7% | -13,600 | $31,430 |
Data entry keyers | -22.5% | -35,600 | $34,440 |
Shoe machine operators and tenders | -21.6% | -1,100 | $30,630 |
Legal secretaries and administrative assistants | -21.0% | -33,600 | $48,980 |
Floral designers | -20.1% | -8,500 | $29,140 |
Executive secretaries and executive administrative assistants | -18.7% | -100,600 | $63,110 |
Manufactured building and mobile home installers | -18.4% | -600 | $35,120 |
Telemarketers | -18.3% | -21,900 | $27,920 |
Order clerks | -18.2% | -24,400 | $35,590 |
Timing device assemblers and adjusters | -17.8% | -200 | $36,170 |
Print binding and finishing workers | -17.5% | -7,300 | $34,260 |
Prepress technicians and workers | -17.1% | -4,800 | $41,410 |
Tellers | -16.9% | -73,100 | $32,620 |
Eight of the top 20 declining jobs are in office and administrative support. This could be cause for concern, given this category currently makes up almost 13% of employment in the U.S.—the largest of any major category. Jobs involved in the production of goods and services, as well as sales jobs, are also seeing declines.
In all cases, automation is likely the biggest culprit. For example, software that automatically converts audio to text will reduce the need for typists.
While the fastest declining jobs typically fall within the lower salary range, there is one outlier. Nuclear power reactor operators, who earn a salary of over $100,000, will see employment decline at a steep rate of -33%. No new nuclear plants have opened since the 1990s, and nuclear power faces steep competition from renewable energy sources.
Warning: Education Required
As the composition of employment shifts, it eliminates some jobs and creates others. For instance, while production jobs are declining, new opportunities exist for “computer numerically controlled tool programmers.” These workers develop programs to control the automated equipment that processes materials.
However, while many of the fastest growing jobs are higher paying, they typically also require advanced education.
Top 20 Fastest Growing Jobs | Top 20 Fastest Declining Jobs | |
---|---|---|
# with median salary > $41,950 | 17 | 5 |
# with post-secondary education required | 16 | 0 |
Seventeen of the top 20 fastest growing jobs have a median salary higher than $41,950, which is the median salary for all jobs in total. Most also require post-secondary schooling. These opportunities are replacing jobs that only required a high school diploma.
With tuition costs soaring relative to inflation, this could create challenges for displaced workers or young people entering the workforce.
Economy
The Most Valuable Companies in Major EU Economies
From semiconductor equipment manufacturers to supercar makers, the EU’s most valuable companies run the gamut of industries.
Most Valuable Companies in the EU, by Country
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
In this graphic, we mapped out the most valuable corporations in 11 major EU economies, based on their market capitalizations as of April 15th, 2024. All figures are in USD, and were sourced from Companiesmarketcap.com.
Novo Nordisk is currently worth more than $550 billion, making it Europe’s most valuable company by a wide margin. The pharmaceutical giant specializes in diabetes and weight-loss drugs. Demand for two of them, Ozempic and Wegovy, has surged due to their weight-loss capabilities, even causing nationwide shortages in the United States.
The following table includes an expanded list of the most valuable publicly-traded company in larger EU economies. Many of these were not included in the graphic due to space limitations.
Country | Company | Sector | Market Cap |
---|---|---|---|
🇩🇰 Denmark | 💊 Novo Nordisk | Pharmaceuticals | $562B |
🇫🇷 France | 👜 LVMH | Luxury Goods | $422B |
🇳🇱 Netherlands | 🔧 ASML | Semiconductor Equipment | $382B |
🇩🇪 Germany | 💼 SAP | Enterprise Software | $214B |
🇮🇪 Ireland | 🖥️ Accenture | IT Services | $197B |
🇪🇸 Spain | 👗 Inditex | Retail | $147B |
🇧🇪 Belgium | 🍻 Anheuser-Busch InBev | Beverages | $116B |
🇸🇪 Sweden | 🛠️ Atlas Copco | Industrial Equipment | $80B |
🇮🇹 Italy | 🏎️ Ferrari | Automotive | $76B |
🇫🇮 Finland | 🏦 Nordea Bank | Banking | $40B |
🇦🇹 Austria | 🔌 Verbund AG | Energy | $26B |
🇱🇺 Luxembourg | 🏗️ Tenaris | Oil & Gas Equipment | $22B |
🇨🇿 Czech Republic | 💡 CEZ Group | Energy | $20B |
🇵🇱 Poland | ⛽ PKN Orlen | Energy | $20B |
🇵🇹 Portugal | 🔌 EDP Group | Energy | $16B |
🇷🇴 Romania | 🔌 Hidroelectrica | Energy | $13B |
🇬🇷 Greece | 🏦 Eurobank | Banking | $7B |
🇭🇺 Hungary | ⛽ MOL Group | Energy | $7B |
🇭🇷 Croatia | 🏦 Zagrebacka Banka | Banking | $6B |
🇸🇮 Slovenia | 💊 Krka | Pharmaceuticals | $4B |
Note: Figures are rounded and last updated on April 15th, 2024. Countries with top publicly-traded companies worth under $4 billion are excluded.
Luxury supergiant LVMH—which owns brands like Tiffany, Christian Dior, and TAG Heuer to name a few—is Europe’s second largest company by market cap, at $420 billion.
Rounding out the top three is ASML, which produces equipment crucial to chip manufacturers, worth $380 billion.
When looking at the region, there is a vast disparity between EU member states and their most valuable companies.
For example, as mentioned earlier, Denmark’s Novo Nordisk and France’s LVMH are worth between $400-550 billion each. Meanwhile, some countries don’t even have a single publicly-listed company that is worth over $1 billion.
In fact, only 12 EU countries (less than half of the union) are home to the top 100 most valuable companies within the bloc. An additional four countries are represented if you look at the list of the top 200 companies.
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