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The Kobeissi Letter
@KobeissiLetter
Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com
Joined June 2015
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The AI revolution is reshaping the US job market: Wind turbine service technicians are expected to be the fastest-growing occupation in the US from 2024 to 2034, with projected employment growth of +49.9%, according to BLS estimates. This is followed by solar photovoltaic installers, at +42.1% over the same period. By comparison, nurse practitioners are projected to grow +40.1%, while data scientists are estimated to rise +33.5%. Furthermore, electricians and construction managers are forecast to grow nearly +10% by 2034, more than double the pace projected for accountants and lawyers. The construction sector already faces a shortfall of ~350,000 workers, a gap expected to exceed 1 million by 2030 as existing workers retire. Meanwhile, customer service and cashiers employment is projected to decline -5% and -10%, respectively, from 2024 to 2034. Blue-collar workers are driving America's next jobs boom.
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