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The Fastest-Growing and Fastest-Declining Industries in the United States (and Common Jobs in Those Fields)

By: U.S. Career Institute

May 2023

Which industries will grow the most over the course of the next decade, and which industries will be declining at a rapid pace? According to Bureau of Labor Statistics data collected by our research team, industries in the leisure and hospitality sector and the health-care and social assistance sector are projected to have the biggest increase in employment in the U.S. between 2022 and 2032. The data also showed that certain manufacturing industries are projected to have the largest decreases in employment numbers during this time. The U.S. Career Institute research team visualized the 20 fastest-growing industries and the 20 most rapidly declining industries to determine the types of jobs that will be in demand over the next decade. Our team included a handful of jobs that are commonly found in each of the 20 fastest-growing industries in the United States in the hopes of aiding our readers with the tough decision-making process of choosing the best career path. Choosing to pursue a career in one of the fastest-growing industries is a great choice for job security!

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The Fastest-Growing and Fastest-Declining Industries in the United States (and Common Jobs in Those Fields) - USCareerInstitute.edu - Infographic

What Is the Fastest-Growing Industry?

The fastest-growing industry is promoters of events and agents and managers for talent. This industry is projected to see a 39.2% increase in employment between 2022 and 2032. Other industries within the arts and entertainment field that are also projected to be some of the fastest-growing industries in the U.S. are performing arts companies, with a projected growth of 34.6%, and jobs in the sports industry, with a projected growth of 30.6%. Jobs in the music industry, including independent artists, writers, and performers, are projected to increase 23% over the next decade. These industries also fall under the broader sector of leisure and hospitality, which is the fastest-growing sector overall. Seven of the 20 fastest-growing industries fall under this sector, which also includes amusement parks and arcades, accommodation, and museums, historical sites, and similar institutions. There are a wide variety of entertainment industry jobs and hospitality industry jobs to choose from with varying degrees of education and talent needed. Those interested in a career in the fastest-growing industry can pursue a degree in marketing to become a promoter or earn a degree in business management to become a talent agent or manger.

Industries in the health-care and social assistance sector are also projected to see a lot of employment growth through 2032. Individual and family services are the fourth fastest-growing industry overall, with a 31.4% projected increase in employment through 2032. Career options for this fast-growing industry include jobs as social workers or child day-care specialists. Other health-related industries that will see a large expansion in employment include home health-care services, which will increase 21.8% due to our aging population, making being a caregiver a great career option in this growing industry. We will also see an influx of offices of health practitioners; earning a degree in medical specialties is a great way to prepare for one of the many in-demand health-care careers that will become available as jobs in the health-care industry continue to grow.

The 10 Fastest-Growing Industries and the Projected Increase in Employment From 2022 to 2032

  1. Promoters of events and agents and managers: 39.2%
  2. Amusement parks and arcades: 37.5%
  3. Performing arts companies: 34.6%
  4. Individual and family services: 31.4%
  5. Support activities for mining: 30.6%
  6. Spectator sports: 30.6%
  7. Other information services: 29.8%
  8. Other personal services: 27.8%
  9. Travel arrangement and reservation services: 23.4%
  10. Support activities for agriculture and forestry: 23.0%

Which Industries Are Declining the Fastest?

The most rapidly declining industry is the tobacco manufacturing industry, which is projected to see a 53.3% decrease in employment between 2022 and 2032. The number of cigarette smokers in the United States has reached a new low; just 11% of adults in the U.S. smoke cigarettes. This rate has been on the decline for the past two decades and is expected to continue declining. Manufacturing industries were the most common ones to be found in the top 20 list. Jobs manufacturing products like tobacco, leather, electric lighting, and textiles are on the decline, and the number of jobs in the manufacturing industry is expected to see a large drop in the next decade.

The 10 Most Rapidly Declining Industries and the Projected Decrease in Employment From 2022 to 2032

  1. Tobacco manufacturing: -53.3%
  2. Manufacturing and reproducing magnetic and optical media: -50.4%
  3. Apparel, leather, and allied product manufacturing: -35.7%
  4. Printing and related support activities: -26.3%
  5. Coal mining: -26.0%
  6. Newspaper, periodical, book, and directory publishers: -24.3%
  7. Satellite, telecommunications resellers, and all other telecommunications: -21.6%
  8. Cable and other subscription programming: -21.2%
  9. Other furniture-related product manufacturing: -20.3%
  10. Engine, turbine, and power transmission equipment manufacturing: -17.0%

Starting a new career doesn’t have to be a daunting task. Take the first step toward a new career today by earning a degree or certificate online at home and at your own pace. Our catalog of online college courses and online certificate programs cover a variety of different careers commonly found in the industries that are projected to grow the fastest over the next decade.

The Sectors of the Fastest-Growing Industries

Sector

Number of Fastest-Growing Industries in Sector

Leisure and hospitality

7

Health care and social assistance

3

Professional and business services

3

Information

2

Agriculture, forestry, fishing, and hunting

1

Educational services

1

Mining

1

State and local government

1

Other services

1


The Sectors of the Most Rapidly Declining Industries

Sector

Number of Most Rapidly Declining Industries in Sector

Manufacturing

14

Information

3

Agriculture, forestry, fishing, and hunting

1

Financial activities

1

Mining

1


The 20 Fastest-Growing Industries (and Common Jobs in Those Fields)

Rank

Industry

Common Jobs in the Industry

Sector

2021 Employment (in Thousands)

2032 Employment Projection (in Thousands)

Percent Increase in Employment From 2021-31

1

Promoters of events and agents and managers

Marketing manager, agent or business manager, public relations specialist

Leisure and hospitality

129.6

180.4

39.2%

2

Amusement parks and arcades

General and operations manager, food service manager, entertainment and recreation manager

Leisure and hospitality

161.3

221.8

37.5%

3

Performing arts companies

Actors, producers and directors, dancers and choreographers

Leisure and hospitality

82.0

110.4

34.6%

4

Individual and family services

Recreational coordinator, social worker, child care worker

Health care and social assistance

2,708.4

3,558.4

31.4%

5

Support activities for mining

Derrick operator, prospector, rotary drill operator

Mining

227.1

296.7

30.6%

6

Spectator sports

Athlete, coach, scout, sports official (umpire, referee)

Leisure and hospitality

119.4

155.9

30.6%

7

Other information services

Librarian, library technician, editor

Information

378.3

491.2

29.8%

8

Other personal services

Personal trainer, lawn care technician, dog groomer

Other services

313.7

400.9

27.8%

9

Travel arrangement and reservation services

Travel agent, reservation and transportation agent, customer service representative

Professional and business services

138.1

170.4

23.4%

10

Support activities for agriculture and forestry

Manager of farming/fishing/forestry workers, grader and sorter, agricultural equipment operator

Agriculture, forestry, fishing, and hunting

113.8

140.0

23.0%

11

Independent artists, writers, and performers

Photographer, illustrator, author

Leisure and hospitality

50.1

61.6

23.0%

12

Accommodation

Lodging manager, housekeeping manager, business operations specialist

Leisure and hospitality

1,470.6

1,804.3

22.7%

13

Other educational services

Career counselor, office administrator, admissions coordinator

Educational services

759.9

929.1

22.3%

14

State and local government passenger transit

Dispatcher, train operator, bus driver

State and local government

276.8

338.0

22.1%

15

Home health care services

Home health aide, hospice nurse, caregiver

Health care and social assistance

1,514.3

1,844.4

21.8%

16

Offices of other health practitioners

Chiropractor, dietitian, optometrist

Health care and social assistance

1,012.4

1,217.9

20.3%

17

Motion picture, video, and sound recording industries

Producer and director, film and video editor, camera operator

Information

370.8

446.1

20.3%

18

Museums, historical sites, and similar institutions

Archivists, curators, museum technicians

Leisure and hospitality

138.8

166.4

19.9%

19

Computer systems design and related services

Web developer, IT technician, systems administrator

Professional and business services

2,301.3

2,756.5

19.8%

20

Other professional, scientific, and technical services

Veterinarian, financial consultant, survey researcher

Professional and business services

788.1

932.2

18.3%

The 20 Most Rapidly Declining Industries

 

Industry Description

Sector

2021 Employment (in Thousands)

2032 Employment Projection (in Thousands)

Percent Decrease in Employment From 2021-31

1

Tobacco manufacturing

Manufacturing

10.7

5.0

-53.3%

2

Manufacturing and reproducing magnetic and optical media

Manufacturing

11.3

5.5

-50.4%

3

Apparel, leather, and allied product manufacturing

Manufacturing

117.0

75.2

-35.7%

4

Printing and related support activities

Manufacturing

367.4

270.6

-26.3%

5

Coal mining

Mining

36.6

27.1

-26.0%

6

Newspaper, periodical, book, and directory publishers

Information

247.4

187.4

-24.3%

7

Satellite, telecommunications resellers, and all other telecommunications

Information

89.5

70.2

-21.6%

8

Cable and other subscription programming

Information

45.8

36.1

-21.2%

9

Other furniture-related product manufacturing

Manufacturing

37.4

29.8

-20.3%

10

Engine, turbine, and power transmission equipment manufacturing

Manufacturing

87.0

72.2

-17.0%

11

Railroad rolling stock manufacturing

Manufacturing

19.1

16.0

-16.2%

12

Consumer goods rental and general rental centers

Financial activities

147.5

125.3

-15.1%

13

Other general-purpose machinery manufacturing

Manufacturing

265.3

225.5

-15.0%

14

Iron and steel mills and ferroalloy manufacturing

Manufacturing

78.9

68.3

-13.4%

15

Electric lighting equipment manufacturing

Manufacturing

41.7

36.1

-13.4%

16

Metalworking machinery manufacturing

Manufacturing

159.4

138.3

-13.2%

17

Textile mills and textile product mills

Manufacturing

201.5

175.4

-13.0%

18

Logging

Agriculture, forestry, fishing, and hunting

46.1

40.1

-13.0%

19

Agriculture, construction, and mining machinery manufacturing

Manufacturing

197.9

172.4

-12.9%

20

Office furniture (including fixtures) manufacturing

Manufacturing

97.5

84.9

-12.9%


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