Which occupations are growing and shrinking the most reveals a great deal about our economy.

Pay and training play key roles

The job market is an important indicator of the economy’s health. A look at the most- and least-common jobs reflects the industries that are critical to the economy, as well as those that are gaining prominence, or becoming obsolete.

According to Martin Kohli, chief regional economist at the Bureau of Labor Statistics (BLS), industry growth tends to play a significant role in driving job totals. Workers in the nation’s most popular occupations “are employed in industries that have also been expanding,” Kohli said. Food preparers, one of the most-common jobs, are in food services, an expanding industry according to Kohli. Similarly, the number of registered nurses is keeping pace with the growing health care field.

By contrast, many of the nation’s least-common jobs are in industries that are far smaller than they once were, such as the manufacturing sector. Many of these jobs, Kohli added, “are clearly on the decline because the industries that employ them are, and the technologies they use, are on the decline.”

In fact, several rare occupations are expected to shrink considerably. The BLS currently estimates that the number of animal breeders will fall by 23 percent between 2012 and 2022, while the number of fabric menders will drop by 10 percent. The number of radio operators and wood patternmakers is expected to be effectively flat, even as the number of total jobs is projected to rise by 11 percent in that time.

Still, some of these uncommon jobs do have growth potential and include relatively high salaries. The average geographer earned more than $75,000 annually as of 2013, and the average industrial-organizational psychologist earned nearly $88,000 annually. The BLS forecasts that these jobs will grow by 29 percent and 53 percent, respectively, between 2012 and 2022

In contrast, the nation’s most-common jobs tended to pay low wages. Cashiers, waiters and waitresses, and food preparation workers — all among the nation’s most-common jobs — earned, on average, less than $25,000 annually. By comparison, the average U.S. worker earned more than $46,000 per year. Among the nation’s 10 most-common occupations, only registered nurses earned an average salary above the national average for all jobs.

Most of the country’s most-common jobs require little in the way of a formal education. For example, food preparers often do not need a high school diploma and require little training. Other common jobs such as janitors, cashiers and retail salespersons also typically do not need higher education or substantial experience.

To determine the nation’s most- and least- common jobs, 24/7 Wall St. reviewed figures published by the BLS’ Occupational Employment Statistics (OES) on occupational employment and wages for more than 800 professions. These figures reflect data as of May 2013. We also reviewed employment forecasts from the Bureau’s Office of Occupational Statistics and Employment Projections. These projections forecast changes in employment, by occupation, between 2012 and 2022. Finally, we reviewed descriptive information on occupations from the Bureau’s Occupational Outlook Handbook as well as O*NET OnLine. Because OES figures do not account for self-employed workers, occupations were excluded if other industry information indicated OES totals may be incomplete estimates.

Read more: America’s most and least common jobs

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