With so much projected growth in the economy, many experts are making predictions on what industries will see job growth in the coming years. As it turns out, looking for work in the healthcare industry could be one your best bets.
In a report recently published by the Bureau of Labor Statistics, the healthcare industry is projected to gain 4 million more jobs by 2026. Close to one-fourth of these jobs will be in home healthcare services.
In the same report, they projected that the U.S. would see 11.5 million new jobs created by that date meaning that 35% of all newly created jobs will be in the healthcare industry.
According to a report released by the Center for Disease Control and Prevention (CDC) in 2013 called the “State of Aging in America”, this dramatic increase in the need for at home assistance can be attributed to the rapid aging of our nation. Their report states that by 2030 “older adults will account for roughly 20% of the U.S. population”.
This statistic has many worried about the future and in turn programs like the Affordable Care Act had stepped in to add 500,000 healthcare jobs in 2017 alone.
So now that we know how much this industry is expected to grow, how well do they pay?
According to the bureau’s findings, in 2016 the median salary for healthcare practitioners and other medically related technical occupations (nurses, surgeons, dental hygienists, etc…) was around $63k which was close to double the median salary of all other occupations of that year. Home healthcare positions, on the other hand, had a median annual salary of under $30k which is on the lower end of the spectrum of average salaries found in the U.S.
So if you are looking to change careers and jump into an industry with a high level of job security, a career in healthcare might be a safe bet.