be_ixf;ym_202106 d_22; ct_50

Select Page

How to Invest in Industries With High Job Growth

How to Invest in Industries With High Job Growth

Looking at the job market can tell you a lot about the economy.

Not just the number of people who are employed or looking for employment, but also the jobs that people have. And in the chart below, there are two clear trends that stick out.

Fastest Growing Occupations Chart

One is that we’re moving toward a world of alternative energy.

A report by Lazard points out that the cost of producing solar energy is now just half of what it costs to get energy from coal.

Overall, the cost of solar energy has dropped by 86% since 2007, while coal has stayed the same. And as you can see below, the cost of wind power is right there with it.

average cost of energy in north america chart

With both solar and wind still falling, it’s only a matter of time before coal is completely phased out.

The point is that we’re going to need people to install and maintain all of these new energy stations. So, while there’s an inevitable drop in the number of coal workers in the decades ahead, we’ll have people working on solar panels and wind turbines instead.

The other trend is the health care that will be required for the aging baby-boom generation. Given that there has never been a generation this large in need of care, jobs in the medical field are expected to skyrocket. In fact, 11% of United States college students are majoring in a health-related field.

Investing in Job Growth

These are two areas of the economy where we can expect to see a boom over the next 10-plus years. Thankfully, there are ways to invest in them.

For health care, a good choice would be the SPDR S&P Health Care Services ETF (NYSE: XHS). This ETF holds 49 top-tier health care companies.

And for alternative energy, I recommend the Invesco WilderHill Clean Energy ETF (NYSE: PBW). This ETF gives you a stake in 40 alternative energy companies all over the world.

Based on the way things are going with job growth, these companies are going to be growing fast in the near future. That means stocks in these areas will grow as well.

Regards,

Ian Dyer

Editor, Rapid Profit Trader

Newsletter Sign Up

Sponsored

MEET OUR EXPERTS

WHAT READERS ARE SAYING..

“I'm very Happy with your services. I hope you don't plan to retire any time soon! My retirement portfolio depends on your expert guidance. Keep up the great work! Thanks.”

- Randy

“Paul, your investment research has been a godsend. Our portfolio was just a tad over two million dollars. I paid my daughter's legal fees, my wife's medical expenses, helped my wife's stepmother with home repairs, loaned our son money for real estate. I also bought two used vehicles, one for our daughter and one for our eldest grandson. All told, these expenses added up to well over a quarter million dollars. I am happy to report that we have profits left over!”

- Taylor M.

“Loving this. Should have started a long time ago.”

- Jay

Share This