Saturday, December 5, 2009, 1:53PM ET - U.S. Markets Closed.
With the highest unemployment rate in nearly 30 years (9.5%) and a lingering recession, an increasing number of laid-off workers are competing for a dwindling number of jobs. Employment options seem bleak, and in some professions, they are. But for students entering college and trade schools this fall, there are some fields that hold much more future promise than others. According to the Occupational Outlook Handbook published by the Bureau of Labor Statistics (BLS), there are several fields that will virtually guarantee a job for those graduating over the next few years. (For background reading, see Invest In Yourself With A College Education.)
We scoured the OOH report and found a surprisingly long list of careers that have both:
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1. Much faster-than-average employment projections, meaning that employment opportunities are projected to grow by more than 21%, and
2. Excellent job opportunities, meaning that there will be more job openings than job seekers.
If you're a high school grad looking to choose a major, or a seasoned worker looking to upgrade your skills, read on for some of the most promising career fields.
Health Services
With an aging baby boomer population, it should come as no surprise that seven of the 20 fastest-growing occupations are healthcare related. In fact, three of every 10 new jobs created in the U.S. economy by 2014 will be in healthcare services. But even in the promising healthcare field, there are a few key careers that really stand out.
1. Home Health Aide
2. Medical Assistant
3. Physician's Assistant (PA)
The largest states offer the most healthcare jobs, so if you're looking for work in healthcare and you can't find a position in your area, you should concentrate your job search in California, New York, Florida, Texas and Pennsylvania.
Information Technology (IT)
Thomas Watson was clearly not an oracle. In 1943, the then-Chairman of IBM was quoted as saying, "I think there is a world market for maybe five computers."
The rapid growth in information technology would have stunned Watson, and it's projected to continue unabated. Job openings in computer systems design and related services are on track to grow by nearly 40% as businesses become increasingly complex. The best IT employment opportunities over the next few years include:
1. Network System and Data Communications Analyst
2. Computer Software Engineer and Application Designer
Other Fields
If you're not jumping at the chance to land a job in healthcare or IT, don't fret. There are still plenty of other fields that will need workers. Check out these opportunities:
1. Environmental Science and Protection Technician
2. Water and Liquid Waste Treatment Plant and Systems Operator
3. Court Reporter
4. Welder
5. Veterinary Technologist or Technician
The unemployment rate may be high, but that doesn't mean you need to sit on the sidelines. Getting trained for an in-demand career will help make your job search easier and your employment more stable. So, what are you waiting for?
See today's average rates across the country.
| Loan Type | Today | Last Week |
|---|---|---|
| 30 Year Fixed | 5.03% | 4.97% |
| 15 Year Fixed | 4.51% | 4.48% |
| 1 Year ARM | 3.91% | 3.92% |
| 30 Year Fixed Jumbo | 5.86% | 5.89% |
| 5/1 ARM | 4.38% | 4.24% |
| 3/1 ARM | 4.99% | 4.75% |
| Loan Type | Today | Last Week |
|---|---|---|
| $30K Home Equity Loan | 8.36% | 8.36% |
| $50K Home Equity Loan | 8.22% | 8.22% |
| $75K Home Equity Loan | 8.25% | 8.25% |
| $30K HELOC | 5.22% | 5.22% |
| $50K HELOC | 4.95% | 4.96% |
| $75K HELOC | 4.96% | 4.96% |
| Loan Type | Today | Last Week |
|---|---|---|
| 36 Month New Car Loan | 6.67% | 6.67% |
| 48 Month New Car Loan | 6.79% | 6.79% |
| 60 Month New Car Loan | 6.83% | 6.83% |
| 72 Month New Car Loan | 6.12% | 6.12% |
| 36 Month Used Car Loan | 7.16% | 7.15% |
| 48 Month Used Car Loan | 7.00% | 7.02% |
| Card Type | Today | Last Week |
|---|---|---|
| Business Credit Cards | 9.74% | 9.74% |
| Low Interest Credit Cards | 11.65% | 11.65% |
| Cash Back Credit Cards | 12.08% | 12.08% |
| Balance Transfer Credit Cards | 12.13% | 12.13% |
| Reward Credit Cards | 13.29% | 13.29% |
| Instant Approval Credit Cards | 13.32% | 13.32% |
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