MRT Insights

It’s been a wild ride- 2021. Where people once used objective predictions on the job market and growth of industries, COVID-19 made it nearly impossible to do over the past year. Still, we are starting to see a light at the end of the pandemic tunnel, and we are inching close to being able to project ideal career paths once again. There are a handful of industries that have shown real promise in being able top weather depressions and recessions. Technological advancements have served some career lanes well and are leading them to becoming the fastest growing industries of 2022.

The market is shifting with demand and the needs of communities all over the US. To stay relevant, businesses must be aware and adapt to them.

Numbers.

There has never been a better time to be good with numbers than now! The financial industry is in high demand. Banking and financial literacy continue to be key factors in helping businesses and families alike during financial upheaval. Risk management, compliance, relationship management and financial analysis are all offering generous compensation and have thousands of jobs open.

Digital.

Digital is king! Recent data has reported that software developer positions have grown by 25% post-pandemic. The need for cybersecurity and innovative software continues to grow and is projected to increase to 3.66 billion in 2028. Cashless payments have risen dramatically, causing a deeper demand for cyber security also.

Healthcare.

Healthcare is always considered a timeless occupational field, and the adding of more community hospitals and polyclinics is adding to the growth. Pre-pandemic, the eldercare industry was the fastest growing industry, and it’s no wonder. It is stated that over 40% of the US population will be over 60 in 2050. Above the bar nursing and healthcare management systems are in dire need ensuring healthy compensation for such employees.

Manufacturing.

An area of MRT expertise, and proven success, reports in as speedy growth as well. Manufacturing is amid a global climb- with the US adding considerably to the demand. The significant clusters in the manufacturing industry include chemicals, logistics, electronics, biomedical sciences, and transport engineering. Even in the waves of COVID, research shows that the manufacturing sector’s annual growth rate was 10%, which boosted the electronics and biomedical sectors as a result.

An industry gravely affected by the pandemic is tourism and hospitality. The revenue decline was so massive that many companies threw in the towel just 6 months in. Thankfully, vaccinations have supported many in reopening and making a comeback. Family trips, conventions and business travel were reduced in 2021, but the travel industry is expected to grow by over seven percent by the first months of 2026, reaching close to half a billion over the five years.

We are not out of the clear, but we are seeing growth- giving people hope for better days and stronger businesses. The promise in the industries already making huge comebacks, and come ups, is enough for all to have solutions to even the most devastating destruction.