By Laura Morrison, April 2014
If job market conditions factor into your graduate school decisions, you're going to want to take a look at the U.S. Bureau of Labor Statistics' employment numbers for this past March.
Surely, many people wanted to see the national unemployment rate drop further from its February 2014 total of 6.7 percent. However, the rate remained unchanged in March. Still, there was good news for a few sectors that managed to add more jobs.
Here's a look at some of the industries that performed well in March, as well as some of the potential employment opportunities graduate students may be able to find after they complete their master's programs.
March turned out to be a good month for the U.S. construction industry, as the BLS reports that about 19,000 jobs were added. The creation of these positions has made for a strong beginning to 2014. The past year has seen employment in this sector increase by 151,000.
While everyday construction workers may not need to go to college to land a job working on projects, there are graduate programs focused on the building sector. These credentials are typically available at the master's level and are designed to prepare students for careers in construction management.
Such training could prove beneficial to graduate students with a desire to pursue careers as construction managers, as individuals in this line of work are expected to see a 16 percent increase in employment through 2022, according to the BLS. This percentage is significant, because it reflects faster-than-average growth.
The nation's healthcare industry has a reputation for producing new jobs on a regular basis. This was certainly the case in March, as this sector created about 19,000 new positions, according to the BLS.
U.S. graduate schools offer plenty of master's programs that are designed to help prepare students for advanced roles within the healthcare sector. For example, enrolling in a program focused on healthcare administration could help prepare you to pursue a career as a medical and health services manager. In this leadership role, you could oversee operations inside a healthcare facility.
Like construction managers, medical and health services managers are expected to see faster-than-average job growth through 2022, according to the BLS. Employment opportunities are projected to rise by 23 percent.
While conditions within the job market are always changing, completing graduate school could provide you with the skills and credentials necessary to weather whatever economic storms could be over the horizon.
About the Author: Laura Morrison is the Web Content Manager for GradSchools.com. She earned an MBA from the Rutgers School of Business in 2010.