New LinkedIn data indicates that construction is currently the fastest-growing industry for new college graduates, followed by utilities and oil, gas, and mining. Kory Kantenga, LinkedIn's head of economics, notes that construction's growth is largely influenced by the Inflation Reduction Act, which promotes clean energy projects. This trend is compounded by high mortgage interest rates, leading to more interest in building homes. Additionally, the growth in the oil, gas, and mining sector is linked to migration patterns favoring states like Texas due to their favorable economic conditions and climate.
LinkedIn's data shows construction is the fastest-growing sector for new graduates, driven by factors like the Inflation Reduction Act and changing housing trends.
Kory Kantenga stated, 'Construction has had a really good few years,' emphasizing its surge due to incentives for clean energy investment and home-building demographics.
The influx of entry-level jobs in oil, gas, and mining highlights migration trends to Texas, driven by its favorable economic conditions, according to Kantenga.
The growth in skilled trades is boosted by the AI boom, which increases demand for energy infrastructure, reflecting broader changes in the job landscape.
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