In fact, the number of jobs for security and commodity brokers in Wisconsin is projected to increase 50.8% by 2008, from 7,070 jobs in 1998 to 10,660 in 2008, according to calculations by the Wisconsin Department of Workforce Development.
"Security and commodity brokers are growing rapidly, primarily because a large number of people ages 36 to 54 (the baby boomers) are investing in stocks and mutual funds," the department’s labor market projection report states. "The government is also encouraging people to save for retirement through 401(k) and Roth IRA plans, which often involve investments in the stock market."
The other top two industries to see the most growth in the next five years in Wisconsin are automobile repair services and the museum, botanical and zoological gardens industry.
The automotive repair industry is growing because people are driving more miles and keeping their cars longer, so the needs for repairs and maintenance also are increasing, the report stated.
The museum industry is growing simply because more municipalities are opening new museums or expanding existing museums to attract tourist dollars to their area, according to the report.
The projected top 10 fastest-growing industries of employment over the next five years in Wisconsin are:
Industry% change
1998-2008
Security & commodity brokers50.8
Auto repair services45.8
Museums, botanical, zoological44.9
Services41.7
Engineering & management services39.0
Non-depository institutions37.4
Social services35.7
Business services35.5
Amusement & recreation services35.4
Agricultural services32.2
By contrast, the projected 10 fastest-declining industries over the next five years in Wisconsin are:
Industry% change
1998-2008
Leather & leather products-33.9
Railroad transportation-22.1
Textile mill products-22.0
Metallic minerals & fuels-14.3
Apparel & accessories stores-11.5
Pipe lines (except natural gas)-9.1
Apparel & textile products-8.7
Federal government-5.3
Nonmetallic minerals (except fuels)-1.5
Utilities & sanitary services-0.1
By 2008, the state’s three largest industries, in terms of the number of people employed, will be health services, educational services and business services. Those three industries will combine to account for 22 % of all jobs in the state, according to the state’s projections.
Jan. 10, 2003 Small Business Times, Milwaukee
