CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Mutual Funds Taxes Ask the Expert Money 101 Autos Loan Center Best Places to Live Ask the Expert Millionaires in the Making Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Personal Tech Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Jobs: Where the growth is

Healthcare jobs could see boost as boomers age.

Subscribe to Economy
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Althea Chang, CNNMoney.com staff writer

fastest_growing_occupations.gif

NEW YORK (CNNMoney.com) -- Recession fears may take a toll on hiring trends in the near-term, but as baby boomers retire, demand for certain types of workers should see a boost, according to a recent government report.

In addition to continued job growth in the technology sector, healthcare jobs should see a significant boost from 2006 to 2016, according to the Bureau of Labor Statistics.

The number of Americans aged 55 years or older is expected to increase by 20 million - nearly as much as the increase in the total population by 2016, the bureau said.

"A growing elderly population generates demand for services to help them stay in their homes or in residential housing," BLS said in a recent jobs forecast.

The elderly will stay healthier and live longer, and since certain services are difficult to automate, jobs for personal and home-care aides in the United States are expected to grow by 50.6 percent to 1.16 million from 2006 to 2016, BLS reported. Also in that period, medical assistant jobs are expected to grow 35.4 percent.

But while nurses and physician assistants are projected to grow by 23 percent and 27 percent on demand for their services, the number of doctors and surgeons is expected to increase by just 14 percent.

Additionally, as services for the disabled, sick, substance abusers, and individuals and families in crisis increase, community and social services sectors should add 541,000 jobs and grow more than twice as fast as the average for all occupations, BLS said.

And as workers take a more active approach to saving for retirement, personal financial adviser jobs are expected to grow 41 percent, BLS said.

Even after retirement, a growing number of retirees are expected to use an adviser's help to make their savings last.  To top of page

Photo Galleries
The crisis: A timeline A shocking series of events that forever changed the financial markets. More
Where pros are putting their cash Money magazine asked several financial experts: What are you doing with your own portfolio in the wake of the financial crisis? More
Bidding on Legends At the Legend of the Motorcycle Concours d'Elegance's auctions, buyers snapped up these classic motorcycles. More
© 2008 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.