Chart of the day – Aug 31, 2017

Aug 31, 2017.

The tallest & the highest grows more. Wind turbine technicians expect highest growth among the fastest growing occupations, projected for 2014-2024.

Projected percentage growth of fastest growing occupations

(Click the image to enlarge) This chart shows the projected growth (in percentage) for the fastest growing jobs in America. The number of jobs for wind turbine technicians are expected to more than double due to the strong focus on renewable energy. However, this number might have some competition from the solar industry which has seen a dramatic fall in price in past few years. These are mainly male focused jobs, often in remote areas including offshore farms, and thus resulting in a current shortage of people in this field. This is likely the main reason for such a higher percentage growth. Additionally, the wind energy technology has not seen any new technical break-throughs, similar to solar & autonomous vehicles, that might compete for this occupation.

When seen in conjunction with yesterday’s plot (Chart of the day – Aug 30, 2017), it shows salary has no correlation to the expected growth. Although the highest growth is for healthcare assistants & aides, their salaries are expected to stay low due to minimal specialization & lower barrier to entry.

The jobs with lower growth are the ones that already have a large number of professionals working in them. As the population ages, more jobs for aides & assistants will be required but automation may compete with the already higher number of workers in these professions. As health care provides tighten their margins after Affordable Health Care became law, a strong focus on preventative care will also reduce the needs for aides. Other low growth occupations have their own unique reasons: not many solar panel installers needed as the life span of panels increases and their installation saturates over time.

Source: US Bureau of Labor Statistics, same source as yesterday’s data.

 

Previous charts-of-the-day:

Aug 31, 2017Projected growth in fastest growing occupations, 2014-2024

Aug 30, 2017 – US median salaries for fastest growing occupations in next 10 years, 2016

Aug 29, 2017 – US household – time spent in daily chores, 2016

Aug 28, 2017 – US household leisure & sports time, 2016

Aug 27, 2017 – Peak earning vs age, 2010-2016

Aug 26, 2017Price change for TVs, Computer, Internet, Cable & Software, 1996-2015

Aug 25, 2017Number of rental units in Silicon Forest, Tanasbourne, Portland Metro

Aug 24, 2017 – Vacancy rates, for rental & homeowner houses (1980-2015)

Aug 23, 2017Rate of homeownership & number of renters, 1990-2015

Aug 22, 2017 – Comparison of $100k with mortgage vs S&P vs rent, $100k from Jan 2010 to Jun 2017

Aug 21, 2017 – no chart

Aug 20, 2017 – Construction productivity vs other industries (The Economist)

Aug 19, 2017 – no chart

Aug 18, 2017 – no chart

Aug 17, 2017 – Worth of money in parallel worlds (with housing leverage), $100k from Jan 2010 to Jun 2017

Aug 16, 2017 – no chart

Aug 15, 2017 – Worth of money in parallel worlds (long term trend), starting with $100k in Jun 1996

Aug 14, 2017 – Worth of money in parallel worlds, value of $100k invested in Jan 2010 worth in Jun 2017

Aug 13, 2017 – US consumer price index (cost-of-living index or inflation) – (2007-2017)

Aug 12, 2017 – US unemployment rate & wage growth (2010-2017)

Aug 11, 2017 – US home price change by state (1976-2017 & 2016-2017)

Aug 10, 2017 – Inflation plotted with US Treasury & Mortgage rates (2010-2016)

Aug 9, 2017 – US Treasury and Mortgage rates (2010-2016)

Aug 8, 2017 – Household credit score versus time (2001-2016)

Aug 7, 2017 – Monthly mortgage payment across key US metro regions (2012-2016)

Aug 6, 2017 – Good time to buy or good time to sell? Fannie Mae’s monthly Home Purchase Sentiment Index (R)

Aug 5, 2017 – Buy versus Rent – Trulia’s calculator (Apr 2017)

Aug 4, 2017 – Annual change in US home prices across top 20 cities (May 2011- May 2017)

Aug 3, 2017 – Best time to get a deal: time period when best discounts are available in housing market

Aug 2, 2017 – Clark County, Washington state (Portland Metro area, OR) single family home prices (2012-2017)

Aug 1, 2017 – Multnomah County (Portland Metro area, OR) single family home prices (2012-2017)

July 31, 2017 – Washington County (Portland Metro area, OR) single family home prices (2012-2017)

July 28, 2017 – US home prices 1890-present

July 27, 2017 – Median house price for Portland Metro neighborhoods

July 26, 2017 – Average rent for Portland Metro region

July 25, 2017 – Path of total solar eclipse through Oregon

July 24, 2017 – Portland metro area household income by region

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