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4 Industries with Growing Workforce Demand in 2019

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For those who are looking to switch careers or preparing to graduate from high school or college, these are four industries with growing workforce demand in 2019 that you should be aware of.

Home Services and Trades

If you are looking to have a career in the trades, it may be a wise choice, depending on the niche that you choose. Plumbers, electricians, HVAC (Heating, Ventilation, and Air Conditioning), bathroom and kitchen remodelers, boilermakers, deck builders, roofers and other tradespeople can have a nice income working for a company or setting out on their own as an entrepreneur. Indeed, the 2017 median pay for boilermakers was $62,690, while carpenters’ 2017 median pay was $45,170. You can find out more about what the median pay for trades were in 2017 by visiting BLOS.gov.

Fintech

If you love numbers, programming and all things financial, popular fintech jobs include app developers, AI technicians, quantitative analysts, and blockchain engineers. While fintech (financial technology) is used to describe a new technology that is needed to improve and automate parts of the financial service milieu, there are a lot of jobs due to high demand. There are plenty of financial companies on Wall Street to put in your application if you think you have the credentials that line up with the job requirements.

Coding and Software

The demand for web coders, smartphone app developers and software developers is only increasing. Those who want to be software developers can expect to enjoy a projected growth rate of 24 percent from 2016 to 2026 as noted by BLS.gov. Typical education for an entry-level position for software developers is a bachelor’s degree in computer science. However, there are freelance websites that allow you to test your coding and programming prowess to join certain sites out there like Toptal.com and Upwork.com. So, if you are self-taught and got the drive and charisma to impress companies in need of a coder or software developer, your chances of landing a job in a sector with high demand could be promising. Oh, and the average median pay in 2017 was $103,560 per year ($49.79 an hour).

Video Content Marketing

Being able to market your brand and products in today’s market is imperative. With YouTube, Facebook, Vimeo.com and Patreon.com being hot platforms, there is a growing demand for video content marketers. The good news is that with smartphones being sold with better and better cameras, broadcasting your talents on Instagram or Facebook is becoming cost-effective. And while text as content is different than video as content, video marketing is a great skill to have on your resume.

In conclusion, these four industries are ones to consider in 2019 due to the growing workforce demand. While many industries have their boom and bust, these four industries are ones to investigate further if you are considering a career path change.

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About The Author

Michael Kelley is a Cleveland, OH Fee-Only financial planner. His firm, Kelley Financial Planning, provides comprehensive financial planning, retirement planning, and investment management to help clients organize, grow and protect their assets through life's transitions.

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