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5 Fastest Growing Employment Sectors Of 2012

5 Fastest Growing Employment Sectors Of 2012

If you are looking for a hot career, where would you start your search?

Perhaps in one of the fastest-growing employment sectors. Despite all the negative news we hear about the economy, many types of work and companies are experiencing growth. Which ones should you look into? The results may be surprising.

Solar Panel Manufacturing

Rising energy costs have convinced many homeowners and businesses to go green through the use of solar panels. Aiding in this growth is the promotion of energy efficiency by state and local building codes. Between 2002 and 2012, the industry has grown 32 percent per year, with revenue expected to continue to increase at a rate of more than 8 percent per year. SunPower Inc. is a major player in this industry. The green and sustainable building industry is also expected to grow due to the increase in green construction.

For-Profit Universities

College tuitions have risen dramatically in the past several years, so it’s no surprise that many universities are experiencing profits. However, state budget cuts have left universities with a lack of resources to handle the increase in students seeking college admission. With a college education becoming more and more in demand by many employers and employment sectors, colleges and universities are rising to the challenge to offer competitive programs. As jobs become competitive and require bachelor’s, master’s degrees, MBAs and beyond, degree programs from universities will be in high demand. For-profit universities have grown by an average of 13.6 percent per year between 2002 and 2012.

Pilates & Yoga

Although there are no major players in this sector, yoga and Pilates seem to be more than just a fad. Between 2002 and 2012, the sector has grown more than 12 percent each year. Many people choose yoga and Pilates because it offers an alternative way to stay fit and gain flexibility and strength without a highly intense workout. Even in the economic downturn, Pilates and yoga studios showed no negative growth.

Generic Pharmaceutical Marketing

As people age, they are susceptible to more diseases, many which require medication. However, brand-name drugs can cost a lot of money, so the alternative is generic drugs. Generic drugs are those that require no patent and therefore are much cheaper than brand-name drugs. Growth reached nearly 10 percent in 2012. These pharmaceutical companies are experiencing further growth due to the closure of inefficient plants and the reduction of employees to boost profit margins. Teva Pharmaceutical Industries Ltd., Sandoz Ltd., Watson Pharmaceuticals Inc. and Mylan Inc. are the biggest players in the generic pharmaceutical industry.

3D Printer Manufacturing

Many people have probably never even heard of 3D printing, but it’s actually been around for almost a decade. 3D printing works by piling objects on top if each other to create the coveted 3D effect. This type of technology is in demand in the medical and aerospace industries. It has already grown nearly 9 percent per year since 2002, with 20 percent growth in 2012. Growth is expected to reach 14 percent per year for at least the next several years, particularly after the technology has been proven and refined. 3D Systems Corporation and Z Corporation are major players in the 3D printer manufacturing industry.

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Sally Peterson works as a college guidance counselor who has shared many job related articles for readers’ enjoyment. She also contributed to “Highest Paying Jobs“.

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