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Growth Opportunities in Demand-Driven Industries: Focus on Construction, Health Care, IT, and Manufacturing

This report by Stephen Barrington outlines projected job growth from 2012 to 2016 across various demand-driven industry sectors in the Capital Area, excluding manufacturing. Construction is predicted to yield 5,500 new jobs, while health care anticipates 8,800 additional positions, particularly for registered nurses. The IT and engineering sectors are expected to see a creation of 4,000 new jobs. Despite manufacturing not being a high-growth sector, there is a significant demand for occupational skills training. This report serves as a crucial resource for understanding workforce trends in these key industries.

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Growth Opportunities in Demand-Driven Industries: Focus on Construction, Health Care, IT, and Manufacturing

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  1. Demand-Driven Industry Sectors • Construction • Health Care • IT and Engineering • Manufacturing Demand-Driven Industry Sectors Stephen Barrington

  2. Demand-Driven Industry Sectors • Preface: With exception of the manufacturing sector, the projected new job numbers noted in the presentation are specific to Capital Area and do not include attrition. The projected new jobs noted are also based on a minimum wage of $10 per hour @ 2,080 hours or a minimum of $20,800 per year. • Data sources: • EMSI 2011.4 (Economic Modeling Analyst) • 2012 Skills Survey of NC Employers Demand-Driven Industry Sectors Stephen Barrington

  3. Demand-Driven Industry Sectors Construction Construction is projected to provide over 5,500 new jobs between 2012 and 2016 and offer numerous entry-level job-to-career opportunities. Health Care Health care is expected to add over 8,800 new jobs between 2012 and 2016. Registered nurses is a significant high-growth occupation within the industry. There are a number of entry level job-to-career opportunities. Demand-Driven Industry Sectors Stephen Barrington

  4. Demand-Driven Industry Sectors IT and Engineering IT and Engineering are sub-industries of the larger Professional, Scientific, and Technical Services industry. They are expected to produce over 4,000 new jobs between 2012 and 2016. The industries provide higher wages and skill sets. IT and Engineering are highly integrated into numerous other industries. Also, based on the 2012 Skills Survey of NC Employers, both IT and Engineering occupations are among the top jobs going to foreign workers. Lastly, these industries have a direct correlation with multiple target clusters in which the Research Triangle Regional Partnership and Wake County Economic Development groups are focused on recruiting to the area. Demand-Driven Industry Sectors Stephen Barrington

  5. Demand-Driven Industry Sectors Manufacturing Manufacturing is not a high growth industry in Capital Area. However, their occupational skills training needs are in high demand. Per the 2012 Skills Survey of NC Employers, manufacturers clearly spoke to occupational skills and soft skills as their most important demand-driven needs in which they are having difficulty meeting. Demand-Driven Industry Sectors Stephen Barrington

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