25 Jobs With Fastest-Rising Salaries – 24/7 Wall St.

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The unemployment rate in the United States has steadily fallen from a record high of 14.7% in April 2020 during the first months of the coronavirus pandemic and subsequent lockdowns to curb its spread.

The unemployment rate in the United States now stands at 3.6%, barely higher than its historically low level before the pandemic. America’s private sector hit a major milestone in June — recovering more than all of the jobs lost during the pandemic. (Here is careers with the best job security.)

Strong demand for workers over the past year has also accelerated wage growth. Last year, wages in the United States rose at their fastest rate since 1983, peaking at an annualized rate of 7% in 2021. Unfortunately, inflation also rose, more than wiping out those gains and leaving American consumers feel worse off economically because they pay more at the gas pump and the grocery store.

“Wages are still rising faster than before the pandemic, but they seem to be slowing down,” the Peterson Institute for International Economics reported in June.

But some jobs continue to reap increases. To determine the 25 jobs for which workers are getting the largest increases, 24/7 Wall St. looked at occupational wage data from the Bureau of Labor Statistics’ Occupational Employment and Wage Statistics program. Occupations were ranked based on the percentage change in real average annual earnings from May 2020 to May 2021. Additional data on current and historical employment levels also comes from OEWS. Only detailed occupations with at least 1,000 workers in 2021 were considered.

The 25 jobs with the highest pay increases include both low-paying jobs like shoe and leather workers and occupational therapy aides, as well as higher-paying professions like internal medicine general practitioners and technicians nuclear. The jobs on the list include occupations that have both lost workers, such as making fabric and clothing patterns, and those that have gained them, including pumping oil and gas wellheads. (See also, these are the fastest growing jobs that don’t require a college degree.)

All 25 occupations on the list saw annualized salary increases of more than 10%. Among them, eight are in the health sector and three in the transport sector. The average annual salary for these jobs ranges from $28,960 for game dealers to $331,190 for anesthesiologists.

Here are the jobs where people are getting the biggest raises.

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