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20 Hottest Job Markets & Who Will Benefit
Dr. Greg Ketchum, 4/24/04
The big question on everyone’s mind is “where
are the jobs” in this 28-month old recovery?
In previous downturns it took on average just
9 months to get job creation back up to pre-recession
Business 2.0 recently ranked the top 20
“boom towns” in America, or those towns with
population over 1 million that are
- “home to fast-growing companies in the
economy’s most promising industries;
- combined, they’re forecast to add 850,000
skilled jobs in the next 4 years.” Emphasis
Boom Town Factors
Cities in the top 20 all shared…
- Vibrant, diversified economy
- Expectation of rapid job growth
- Large populations of highly educated and
We’ll show you that list in a moment, but
first there’s one very important factor that
goes hand-in-hand with this top 20 list.
Notice I’ve mentioned several times “skilled
& highly educated workers.” In order to
take advantage of what these boom towns have
to offer you’ve got to get yourself into that
group of the skilled and best-educated workers
as they will reap the most benefits over the
unskilled and less educated.
- This group makes up only 30% of the US
workforce of 138 million, but accounts for
50% of total wages.
- By 2010, it’s projected that this class
will represent 60% of total wages.
of Skilled Class
They work with ideas. Rather than physically
build something, say on an assembly line,
they engineer the assembly line, design the
product on it, & create the marketing
campaign that sells it.
- They hold a variety of titles:
Analyst, entrepreneur, engineer, scientist,
designer, account executive, senior manager,
lawyer, filmmaker, banker, educator.
What Can We Learn
If you want to be in one of the boats
that the rising tide of job growth will lift:
Step 1: Get
your education and boost your skill level.
Pick an occupation that can’t be reduced to
a routine and that involves flexibility, creativity
and lots of face-to-face interaction with
Step 3: Consider
one of these top 20 cities as a place to live.
In other words, you’ve got to be in the right “space”
and the right place. You know what they say, luck favors
the prepared mind.
If you’ve got work or career topics you’d like to see
us address, just send me an email at email@example.com.
®2004 All rights reserved. Gregory
A. Ketchum, Ph.D.