Here are the top 25 industries with the highest potential for job creation in 2024
During the COVID-19 pandemic in the United States, the sudden halt in economic activity caused millions of jobs to vanish, leaving many families struggling. However, by 2022, the U.S. economy regained all the jobs lost in 2020 during the pandemic. And in 2023, there were 2.7 million new jobs, bringing job growth closer to its pre-pandemic path. This remarkable recovery surpassed pre-pandemic levels and also led to a significant drop in unemployment rates, reaching levels that haven’t been seen in years. The enduring spirit of the American people and their ability to overcome challenges is a testament to this achievement. Average weekly pay rose 4.1 percent in 2023 to $34.27 in December 2023.
To gain a better understanding of which industries have experienced the most growth in their workforce, we’ve analyzed initial data estimates. After careful consideration, we have identified the top 25 industries with the highest net job creation from December 2021 to December 2023. Net job creation considers new job openings and expansions, as well as job losses due to layoffs and closures. In our analysis, we’ve ranked industries based on the number of new jobs created over the past two years. We have considered a total of 75 different sectors for this analysis.
As society strives to return to a semblance of normalcy, it’s no surprise that the service industry, which includes food, lodging, and leisure, continues to be a significant source of job growth. This is hardly surprising, given that an astonishing four out of every five employees in the private sector work in this industry, according to the reputable Brookings Institution, a non-profit organization focused on public policy.
- Food services and drinking places
Jobs gained, December 2021 to 2023: 2.3 million
Total employment, January 2023: 12.2 million - Administrative and support services
Jobs gained, December 2021 to 2023: 800,500
Total employment, January 2023: 9.2 million - Ambulatory healthcare services
Jobs gained, December 2021 to 2023: 546,000
Total employment, January 2023: 8.3 million - Accommodation
Jobs gained, December 2021 to 2023: 528,700
Total employment, January 2023: 1.9 million - Amusement, gambling, and recreation industries
Jobs gained, December 2021 to 2023: 434,500
Total employment, January 2023: 1.7 million - Social assistance
Jobs gained, December 2021 to 2023: 407,300
Total employment, January 2023: 4.4 million - Warehousing and storage
Jobs gained, December 2021 to 2023: 366,600
Total employment, January 2023: 1.9 million - Specialty trade contractors
Jobs gained, December 2021 to 2023: 301,300
Total employment, January 2023: 5.0 million - Merchant wholesalers, durable goods
Jobs gained, December 2021 to 2023: 263,600
Total employment, January 2023: 3.3 million - Personal and laundry services
Jobs gained, December 2021 to 2023: 254,300
Total employment, January 2023: 1.5 million - Performing arts, spectator sports, and related industries
Jobs gained, December 2021 to 2023: 202,300
Total employment, January 2023: 516,700 - Motion picture and sound recording industries
Jobs gained, December 2021 to 2023: 169,000
Total employment, January 2023: 465,900 - Transportation equipment manufacturing
Jobs gained, December 2021 to 2023: 162,200
Total employment, January 2023: 1.8 million - Construction of buildings
Jobs gained, December 2021 to 2023: 160,600
Total employment, January 2023: 1.8 million - Real estate
Jobs gained, December 2021 to 2023: 135,100
Total employment, January 2023: 1.9 million - Merchant wholesalers, nondurable goods
Jobs gained, December 2021 to 2023: 123,300
Total employment, January 2023: 2.2 million - Religious, grantmaking, civic, professional, and similar organizations
Jobs gained, December 2021 to 2023: 122,700
Total employment, January 2023: 2.9 million - Truck transportation
Jobs gained, December 2021 to 2023: 121,500
Total employment, January 2023: 1.6 million - Computing infrastructure providers, data processing, web hosting, and related services
Jobs gained, December 2021 to 2023: 118,400
Total employment, January 2023: 485,200 - Publishing industries
Jobs gained, December 2021 to 2023: 115,700
Total employment, January 2023: 952,600 - Support activities for transportation
Jobs gained, December 2021 to 2023: 115,100
Total employment, January 2023: 817,000 - Repair and maintenance
Jobs gained, December 2021 to 2023: 113,000
Total employment, January 2023: 1.4 million - Clothing, clothing accessories, shoe, and jewelry retailers
Jobs gained, December 2021 to 2023: 109,900
Total employment, January 2023: 1.2 million - Insurance carriers and related activities
Jobs gained, December 2021 to 2023: 99,500
Total employment, January 2023: 2.9 million - Air transportation
Jobs gained, December 2021 to 2023: 98,500
Total employment, January 2023: 526,600
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