Generational Patterns – Looking ahead at 2020

Whether you’re just beginning your career or considering a change in your professional workplace, 2020 looks to be a promising year for job seekers across the country.  According to The US Bureau of Labor Statistics, projections are showing 20.5 million new jobs will be added in 2020 with an additional 5.5 million replacement jobs becoming available. Many of which resulting from baby boomer retirements.

Consistent Increase in Baby Boomer Retirements.

Did you know that in most recent population projections from the U.S Census Bureau, millennials are projected to overtake boomers in the workforce by 2021?  As one generation nestles into retirement we’re seeing the balance tip towards new job opportunities for Americas 20-35-year-old professionals.

Is High Education the Only Way?

When our team reviewed job postings by title and education attainments, the stats reflected a relatively fair split across all matters of educational achievements.

  • 35 percent will require at least a Bachelors degree.
  • 30 percent will require some college or an Associate degree.
  • 35 percent not requiring education beyond high school.

In addition, the data also reflected that among the fasted growing occupations the highest-paid do require higher levels of education.  

Relating back to The US Bureau of Labor Statistics findings; among the 30 fastest growing and highest-paid occupations are Market Research Analysts and Marketing Specialists with a 41.2 percent projected increase in 2020 and Biomedical Engineers with a 61.7 percent projected increase in 2020. Both of these occupations require a Bachelor’s degree for almost all entry-level positions.

See the full list here https://www.bumc.bu.edu/gms/files/2012/02/Top-30-fastest.pdf

Cause & Effect

Does this data link back to the high-volume retirements of boomer-aged professionals? Consider how the aging population requires a greater focus on health issues which drive demand for better medical devices, equipment, data analysts and sales forces. Seems to us like a societal representation of cause and effect in its truest form.

At any rate, there’s never been a better time to review your cover letter, resume and LinkedIn profile to consider what professionally written updates can be made to land you in front of a great opportunity in 2020.

Every career change is unique and our team at Power Writers is here to help you along the way with Resume Writing Services, Cover Letter Writing, and LinkedIn Profile Updates.  Contact us now for a free consultation and resume evaluation!

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