8. Speech­language pathol­o­gists

Financial Mirror (Cyprus) - - FRONT PAGE -

Chi­ro­prac­tors led the na­tion’s work­force with an un­em­ploy­ment rate of just 0.1% in 2014. The act­ing pro­fes­sion, on the other hand, had the worst job se­cu­rity last year with an un­em­ploy­ment rate of 32.7%.

The oc­cu­pa­tions with the low­est un­em­ploy­ment rates tended to re­quire far more ed­u­ca­tion, and em­ploy­ees were typ­i­cally paid higher wages com­pared to less se­cure pro­fes­sions. Seven of the ten most se­cure pro­fes­sions re­quired at least a bach­e­lor’s de­gree, while oth­ers of­ten re­quired even more qual­i­fi­ca­tions. All but two of the oc­cu­pa­tions with the low­est un­em­ploy­ment rates had me­dian wages greater than $60,000 in 2012. Den­tists and other med­i­cal pro­fes­sion­als such as doc­tors and sur­geons were fre­quently paid more than $150,000 in 2012.

A strong job mar­ket for a par­tic­u­lar pro­fes­sion is un­doubt­edly pos­i­tive for those work­ers. Yet, such a trend may be short-lived.

Farm­ers and postal ser­vice mail car­ri­ers, for ex­am­ple, had among the low­est un­em­ploy­ment rates. Yet, the two pro­fes­sions are pro­jected shrink by 19.3% and 26.8% be­tween 2012 and 2022, re­spec­tively. On the other side of the spec­trum, in­su­la­tion work­ers and con­struc­tion trades were among the least se­cure oc­cu­pa­tions. How­ever, the two pro­fes­sions are both ex­pected to grow by more than 30%.

While the most se­cure oc­cu­pa­tions typ­i­cally re­quired high lev­els of ed­u­ca­tion, the pro­fes­sions with the low­est job se­cu­rity tended to have few re­quire­ments, if any. In other words, a greater in­vest­ment in job qual­i­fi­ca­tions pays off in the form of con­sis­tent work.

Broader trends are crit­i­cal in de­ter­min­ing em­ploy­ment rates of spe­cific jobs. The most se­cure pro­fes­sions in­clude sev­eral med­i­cal oc­cu­pa­tions, which is likely due at least in part to the ag­ing pop­u­la­tion of baby boomers, who in­creas­ingly re­quire med­i­cal care as they age.

To iden­tify the eas­i­est and hard­est jobs to keep, 24/7 Wall St. re­viewed 2014 un­em­ploy­ment rates among work­ers in 564 oc­cu­pa­tions pro­vided by the Bureau of La­bor Sta­tis­tics (BLS).

Work­ers are con­sid­ered un­em­ployed based on the job they held most re­cently. Oc­cu­pa­tions with an ex­pe­ri­enced labour force of less than 50,000 were not in­cluded. An ex­pe­ri­enced labour force ex­cludes new en­trants, or those en­ter­ing the labour force for the first time.

Es­ti­mated em­ploy­ment growth be­tween 2012 and 2022, me­dian 2012 wages, labour force to­tals, and typ­i­cal ed­u­ca­tion re­quire­ments for each job also came from the BLS. Com­pli­ance of­fi­cers were ex­cluded to nar­row the list of oc­cu­pa­tions with the best job se­cu­rity to ten.

These are the pro­fes­sions with the best and worst job se­cu­rity: sta­bil­ity.

Nearly three-quar­ters of farm­ers were self-em­ployed. And be­cause farm­ing equip­ment is ex­pen­sive, and the over­all in­vest­ment nec­es­sary to be a farmer is very high, leav­ing the pro­fes­sion can be vir­tu­ally im­pos­si­ble. The BLS fore­casts a more than 19% de­cline in farm­ing em­ploy­ment by 2022, one of only two low-un­em­ploy­ment pro­fes­sions where the BLS pro­jected a de­crease in em­ploy­ment.

Un­em­ploy­ment rate, 2014: 0.9% (tied-eighth high­est)

Me­dian an­nual pay, 2012: $69,870

Em­ploy­ment 2012-2022: 19.4%


As for most oc­cu­pa­tions with the low­est un­em­ploy­ment rates, speech-lan­guage pathol­o­gists had higher in­comes than the me­dian salary in most pro­fes­sions. A typ­i­cal speech-lan­guage pathol­o­gist earned nearly $70,000 in 2012. Em­ploy­ment is also pro­jected to grow by nearly 20% by 2022, one of the bet­ter growth rates re­viewed. Speech pathol­o­gists ad­dress com­mu­ni­ca­tion dis­or­ders in chil­dren and adults brought on by brain in­jury, de­vel­op­men­tal de­lay, emo­tional prob­lems, and a range of other causes.

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