The labor market is looking up for students who will be graduating in 2018. The U.S. economy is close to full employment, and the number of jobless claims approached a 45-year low in mid-February.
Of course, demand for workers isn't spread evenly. To identify the positions with the most severe labor shortages, CareerCast analyzed a number of factors, including:
- Bureau of Labor Statistics job growth predictions;
- College and university graduation rates;
- Trade and professional association data; and
- Job listings posted to CareerCast's site.
According to CareerCast, the top 10 jobs that are most difficult to fill this year are:
- Application software developer
- Construction laborer
- Financial advisor
- Home health aide
- Information security analyst
- Medical services manager
- Nurse practitioner
- Personal care aide
- Physical therapist
- Truck driver
The demand for health care workers has been driven by two trends, economists say. First, Baby Boomers are getting older and increasing their demand for health care services. Second, many health care professions are likely to be protected from automation because they rely on empathy and a human touch.
Demand for financial advisors is high for similar reasons, according to CareerCast. Baby Boomers near retirement are seeking expert financial advice to help with the transition (Mutikani, Reuters, 2/22; CareerCast site, accessed 2/23).
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