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Top 5 industries to watch in 2014
As we reflect on the highs and lows of various industries in 2013 and look forward to the opportunities of 2014, we can’t help but to be optimistic about the new year. The economy continues to recover, and while some industries are fading, others are prepared to boom. If you work in one of these hot industries, you may want to ready yourself for a hiring upswing. Here are some that LinkUp is watching closely in 2014:
1. Health care for boomers
America’s huge baby boomer population is aging – a group that values living life to the fullest and facing physical ailments head-on. Working in a health-related industry that focuses on boomers or products that improve their lives means plenty of potential in the future. Hearing aid companies are one such example, developing technology that more and more boomers will soon need. Another example is home health services. Additionally, ambulatory care services will see an increase as more and more people (including boomers) are having health procedures on an outpatient basis. From consultation to treatment, health care professionals and laboratory technicians will see vast job opportunities.
As the economy grows stronger, so too does the need for transportation services. In 2013, this was LinkUp’s largest industry by client – and we predict even larger growth in 2014. Goods, services and people all need to be transported as the economy steadies – so look for this industry to be solid with notable hiring and growth.
While we are still a long way from the construction boom of the 1990s, the country has seen steady increases in the construction segment throughout the country. Unions and construction companies are hiring again thanks to increased workloads and a strong pipeline for future projects. We predict steady growth for this industry overall in both the residential and commercial arenas.
4. Computer systems and software development
Information technology is growing strong which means a high need for skilled software developers, programmers, analysts and tech support. Think about it – are there any industries that don’t rely on computer technology in some manner? We can’t think of one, and as the economy grows, so too will the need for new and better technology.
People are shopping online for anything and everything, forgoing traditional in-person shopping more and more. Of course you have the heavy hitters like eBay and Amazon, but the majority of online retailers are small- to mid-size companies. As people make online shopping part of their routine, the e-commerce industry as a whole will grow tremendously.
Do you work in one of these industries? Do you plan to hire in the new year? What industries do you anticipate to be strong in 2014? Let us know your thoughts!