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The 5 Fastest Growing Industries in Texas

The Texas economy is the second biggest in America, second only to California. Thanks to strong employment and gross state product growth over the past five years, Texas ranks first in economic climate. With so many public and private corporations based in Texas, there’s no wonder why business is booming. With the Texas economy flourishing and expansion on the rise, it’s clear that there is money to be made if you know where to look. Click To Tweet

The Trades Shortage

In modern times, the hardest segment of the workforce for employers to staff with skilled talent hasn’t been doctors or web developers. It’s those in the skilled trades – the welders, HVAC technicians, and machinists that are so prevalent in manufacturing and construction. Because the last couple of generations pushed college education and business careers, there is a growing shortage of skilled tradespeople. As the following industries grow, demand for skilled workers has exploded:

1) Trades

Trades, such as electrical, engineering, and heating and cooling are a booming industry in Texas. As a result, there’s a growing shortage of qualified, skilled trade workers. As the demand for trades workers increases, so do the financial benefits of such a career.

2) Professional & Business Services

The influx of people and business into Texas have dramatically improved general economic conditions. This has stimulated spending and capital investment in the state, which has contributed to more professional and business services required. Examples include architecture, accounting, and design.

3) Education & Health Services

Education and health services have not experienced rapid growth, but a slow and steady increase through the years. The demand in these industries is constant and jobs within this category are in-demand. The sector shows every sign of stability and will continue to create more jobs moving forward.

4) Hospitality

Hospitality and leisure industries have seen a significantly higher rate of growth than the rest of the U.S. This is a result of increased tourism and more disposable income.

5) Manufacturing

With a reputation as a hub for oil and gas, it’s no surprise that Texas manufacturing is growing fast. Durable goods, especially machine manufacturing, were especially strong amid improving business investment conditions. Chemical manufacturing is one of the most rapid growth categories.

Successful Career Change

The trades industry shortage will only increase in coming years, making it an incredibly smart choice for those entering the workforce or considering a career change. With the right training, there is no limit to what you can accomplish in today’s job market.

Contact Us to learn more about a rewarding career as an HVAC technician.