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10 Job Fields That Will Grow with the Economic Stimulus

May 05, 2009

The $787 billion American Recovery and Reinvestment Act, more commonly known as the economic stimulus plan, promises to create jobs in many different fields. Opportunities will open up for teachers, education administrators, accountants, engineers, technology specialists, and other professions. Read on to find out which jobs fields are most likely to grow with the economic stimulus.

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Teaching

Stimulus funding will lead to a boom in the teaching profession. President Obama is a strong supporter of Head Start programs and early childhood education. He is also keen on recruiting, preparing and rewarding teachers in every sector of the education field--from early education to adult education. Money will be set aside for new scholarships, merit awards and other programs specifically designed for both current and new teachers.

Education Administration

In addition to new teachers, schools will also need education administrators in areas like Head Start, early education and special education. Administrators are also needed to help spend the stimulus funds have been set aside for school modernization and improved infrastructure.

Medical Information Technology

More than $20 million has been set aside to modernize the healthcare system. The majority of the money will be used to get paper medical records into centralized electronic files. This allocation will create jobs for medical assistants, information technology specialists, information security specialists and software engineers.

Finance

If the failing economy has taught us anything, it is that the financial markets need more oversight. President Obama's demands for more regulation is certain to create more jobs for accountants, internal auditors, government regulators and other professionals with intimate knowledge of the financial markets.

Federal, Local, and State Governments

According to the Bureau of Labor Statistics, government currently accounts for 22.5 million (16.6 percent) of the nation's 135.5 million payroll jobs. This includes everyone who works for local, state, and federal governments as well as teachers and healthcare professionals who work for public facilities. Because the billions of dollars that have been set aside to stimulate the economy will not spend themselves, there will be an increase in government jobs in the near future--particularly in federal government. Officials estimate 500,000 new government jobs in the next two years alone.

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Construction

A significant amount of money has been earmarked for construction projects that will create jobs and improve the nation's infrastructure. Projects include rebuilding bridges, building railways and repairing roads. According to Associated General Contractors of America, the plan will create or save 1.85 million jobs in all. Opportunities will open up for contractors, engineers, project managers, drafters and transit coordinators.

Manufacturing

Many areas of the manufacturing sector are in trouble now, but there are some areas that are likely to improve thanks to the stimulus plan. Specific areas include those related to industrial engineering, aircraft, mass transit and energy-friendly products.

Environmental Engineering

Energy and environment is a huge part of the stimulus plan. Some of the goals include increasing energy efficiency in buildings and improving waste and drinking water facilities. These goals will create significant demand for environmental engineering professionals. Mining and geological engineers will also see job opportunities grow.

Environmental and Energy Technology

Environmental technology is also central to the stimulus plan. Billions of dollars have been set aside for clean-energy grants, fossil energy research, biofuel projects and electric power transmission facilities. The plan will create demand for power grid managers, biofuels chemists, sales people and other professionals who are familiar with environmental and energy technology.

Other Green Jobs

Obama's initiatives have been referred to as the 'Green New Deal' because they seek to create jobs and improve the environment at the same time. According to government estimates, the eco-friendly stimulus plan will create or save more than a million jobs over the next few years. Smart grid jobs will be created for regulators, energy auditors, architects, engineers, manufacturers and other types of 'green' workers.

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