The world’s strongest economy is obviously a subject of considerable interest for anyone interested in business and economics. The United States has a diverse economy covering just about every conceivable sector, which is unsurprising for a country so large and so varied in its landscape, occupying a considerable portion of the continent upon which it is located. The US also produces more university graduates than any other country and this is reflected in the country’s role at the forefront of science, technology, and a number of other industries. Here we take a look at some of the fastest-growing industries in the United States today.
Healthcare
Healthcare has always been big business for the United States and this is reflected in its status as one of the United States fastest growing industries. As an industry, healthcare is increasingly overlapping with the also hugely successful technology industry, and as such, both industries are attracting a more diverse range of people than ever before.
With the current political climate in the US, there is, however, a great deal of uncertainty about what healthcare will look like a year or so from now. Whatever the outcome or ultimate fate of the American Healthcare Act, the healthcare industry in the US is a behemoth that is showing no signs of slowing down.
The advent of online degrees has been beneficial to healthcare as an industry, attracting more and more people to the support roles that are vital in allowing doctors to dedicate their time to patients appropriately. A number of leading universities offer an online masters in health administration. The online MHA degree is just one example of a course that is now accessible and affordable to more people than ever before.
Information-Technology
Computer systems, as well as the services that run on them, have been one of the main drivers of US advances in science and technology. The IT industry is a diverse one that interlinks just about all the other industries in the United States and around the world. More than a quarter of the global IT market originates in the United States and it represents a significant portion of the US GDP. Not only do US companies provide networking, cloud storage, and other services for companies and individuals across the globe, it also possesses the largest software industry in the world and a number of renowned games and studios originate within its borders.
Construction
As we reach a whole decade on from the 2008 financial crisis, the United States construction and housing markets have bounced back in style. With increasing demands from citizens and politicians alike for more investment in infrastructure across the US, the construction industry looks set to grow for another year. Other big contributors to the industry include work on foundations of new buildings, bringing older buildings up to code, and servicing mechanical systems responsible for delivering water and electricity to citizens.
