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At CBT College we monitor the latest trends and numbers that affect the career placement of our graduates. Although, the current economic conditions, geographic areas, federal and state laws, and industries ultimately determine the factors for employment statistics, CBT College believes that new jobs are created when the right academic preparation meets opportunities in the marketing place.
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IMPORTANT: The analysis underlying BLS employment projections uses currently available information to focus on long-term structural changes in the economy. The 2008-18 projections assume a full-employment economy in 2018. The impact of the recent recession, which began in December of 2007, on long-term structural changes in the economy will not be fully known until some point during or after the recovery. Because the 2008 starting point is a recession year, the projected growth to an assumed full-employment economy in 2018 will generally be stronger than if the starting point were not a recession year. |
National Employment Trend
Total employment is expected to increase by 10 percent from 2008 to 2018. However, the 15.3 million jobs expected to be added by 2018 will not be evenly distributed across major industry and occupational groups. Changes in consumer demand, improvements in technology, and many other factors will contribute to the continually changing employment structure of the U.S. economy.
Industry growth or decline will affect demand for occupations. However, job growth is projected to vary among major occupational groups. See Chart 1 below:
Total Job Openings in the United States
Job openings are composed from both employment growth and replacement needs (Chart 2). Replacement needs arise as workers leave occupations. Some transfer to other occupations, while others retire, return to school, or quit to assume household responsibilities. Replacement needs are projected to account for 67 percent of the approximately 50.9 million job openings between 2008 and 2018. Thus, even occupations that are projected to experience slower-than-average growth or to decline in employment still may offer many job openings.
Trends for Career at CBT College
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Business Administration Careers
According to the U.S. Bureau of Labor Statistics, the number of jobs is projected to grow 12 percent by 2018. Applicants will face keen competition for the limited number of top-level management jobs through 2016. Better opportunities are expected for lower-level management jobs. Demand should be strong for facility managers.
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Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Administrative Services Managers, on the Internet at http://www.bls.gov/oco/ocos002.htm |
Accounting Careers
Employment of accountants and auditors is expected to grow by 22 percent between 2008 and 2018, which is much faster than the average for all occupations. Employment opportunities are more favorable for those with higher academic achievements such as graduate degrees.
Accountants and auditors are expected to experience much faster than average employment growth from 2008-18. Job opportunities should be favorable; accountants and auditors who have a professional certification, especially CPAs, should have the best prospects.
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Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Accountants and Auditors, on the Internet at http://www.bls.gov/oco/ocos001.htm |
Computer Networking Administration Careers
Overall employment of computer network, systems, and database administrators is projected to increase by 30 percent from 2008 to 2018, much faster than the average for all occupations. In addition, this occupation will add 286,600 new jobs over that period. Growth, however, will vary by specialty.
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Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Computer Network, Systems, and Database Administrators, on the Internet at http://www.bls.gov/oco/ocos305.htm |
Air Conditioning, Refrigeration and Heating Technology Careers
Employment of heating, air-conditioning, and refrigeration mechanics and installers is projected to increase 28 percent during the 2008-18 decade, much faster than the average for all occupations. As the population and stock of buildings grows, so does the demand for residential, commercial, and industrial climate-control systems.
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Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Heating, Air-conditioning, and Refrigeration Mechanics and Installers, on the Internet at http://www.bls.gov/oco/ocos192.htm |
Electrical Technology Careers
As the population grows, electricians will be needed to wire new homes, restaurants, schools, and other structures that will be built to accommodate the growing population. Therefore, employment of electricians should increase 12 percent between 2008 and 2018.
Furthermore, older buildings will require improvements to their electrical systems to meet modern codes and accommodate higher electricity consumption due to the greater use of electronic equipment in houses and workplaces.
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Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Electricians, on the Internet at http://www.bls.gov/oco/ocos206.htm |
Medical Assisting Technology
Employment in this field is projected to grow much faster than average, ranking medical assistants among the fastest growing occupations over the 2008–18 decade. Job opportunities should be excellent, particularly for those with formal training or experience, and certification. Employment of medical assistants is expected to grow 34 percent from 2008 to 2018 due to the healthcare industry's expansion based on technological advances in medicine and the growth and aging of the population.
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Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Medical Assistants, on the Internet at http://www.bls.gov/oco/ocos164.htm |
Health Information Management Technology Careers
Employment in this field is expected to grow much faster than the average. Also, job prospects should be very good; however, due to the increasing use of electronic health records, more technicians will be needed to complete the new responsibilities associated with electronic data management. Hence, technicians with a strong understanding of technology and computer software will be in particularly high demand. Employment of medical records and health information technicians is expected to increase by 20 percent, much faster than the average for all occupations through 2018.
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Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Medical Records and Health Information Technicians, on the Internet at http://www.bls.gov/oco/ocos103.htm |
Digital Graphic Design Careers
Employment of graphic designers is expected to grow 13 percent, as fast as the average for all occupations from 2008 to 2018, as demand for graphic design continues to increase from advertisers and computer design firms. Moreover, graphic designers with Web site design and animation experience will especially be needed as demand increases for design projects for interactive media—Web sites, mobile phones, and other technology.
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Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Graphic Designers, on the Internet at http://www.bls.gov/oco/ocos090.htm |
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