While statistics of a low unemployment rate and growing economy flood the news, you may be wondering what the best jobs are for 2018. Knowing the job market and its trends provides job seekers with vital information such as a job’s education requirements or the median salary and job satisfaction for a particular industry. U.S. News recently unveiled its U.S. News & World Report Best Jobs of 2018 and here are the top 10 jobs followed by the biggest takeaways:
U.S. News Top 10 Jobs of 2018
Obstetrician and Gynecologist (tie)
Oral and Maxillofacial Surgeon (tie)
How U.S. News Comes Up With Its Rankings
U.S. News uses an extensive process to rank jobs. While careers are subjective, some career qualities are pretty universal. Some prefer teaching while others prefer the pressures associated with performing surgery. However, the qualities that are pretty universal are that people generally prefer higher salaries and opportunities for promotion.
To quantify its data, U.S. News first draws data from the U.S. Bureau of Labor Statistics on the jobs with the largest projected hiring demand. U.S. News then scores the jobs based on seven measures: 10-year growth volume; 10-year growth percentage; median salary; employment rate; future job prospects; stress level; and work-life balance. For each measure, jobs receive a score between 0 and 10.
Strong Employment Numbers
Overall employment is expected to grow 0.7% annually between 2016 and 2026 according to the Bureau of Labor Statistics. In comparison, the 10 years prior only saw a labor growth rate of 0.5% annually, mainly due to the depressed hiring from the Great Recession.
The careers expected to add the most jobs by 2026 are food preparation and serving workers, registered nurses, personal care aids, home health aides, and software developers. The overall unemployment rate dropped nearly half a percentage point over the course of 2017, reaching 4.1% as of November.
By: Richard Gano