Top Industries Driving Economic Growth This Quarter
It is no secret that the US hit a rough patch during the last few years concerning its economy. Americans still feel uneasy about this patch though there are a number of industries moving forward. The US economy is improving, and the following are some of the top industries helping it along.
Clean Energy
Progress is not usually welcomed with open arms. The people who are profiting off broadcast television are probably not too happy about the new types of entertainment stemming from the internet. Book publishers are probably not happy about digital publishing. The same can be said about the people who are making a living off oil and coal power. They are probably not happy about the recent interest in clean energy.
More and more jobs are being added to the energy industry, and it is happening due to clean sources of energy like wind power.
One of the major players in the industry is the FPL Group, which owns the NextEra Energy Resources subsidiary. It owns the largest amount of wind farms in the United States and can now power more than 2 million households; this number is steadily growing. Of course, this is not the only company in the United States betting big on wind power. There are other companies like Gamesa, Siemens, and Vestas, just to name a few more.
Health Care Boost
Some believe healthcare should not be a business, but the United States is proud that its health care system is privatized. This sector of the economy is also seeing substantial growth during the last few years. More and more people are making money off of the American people, which suggests that more Americans are getting sick and are in need of care.
On the other side of the same coin, it also suggests that more Americans have access to health care though that may change depending on new policies enacted by the US lawmakers. At the moment, the industry could not be happier to see people open to care, procedures, and medicine. Perhaps this is the reason top companies are investing in different aspects of care, such as nurse training or pharmaceutical sales training.
Some of the largest companies in the healthcare industry are health care insurance providers and pharmaceutical companies. The largest names at the moment include McKesson, UnitedHealth Group, and Johnson & Johnson. American hospitals rely on these companies to make sure American people can pay for care and buy the drugs needed to live a good quality of life.
Transportation Rise
The transportation industry has seen impressive numbers over the last few years in many different ways. For one, the freight industry has been growing due to demand. More and more Americans are expecting goods, which is aiding some of these companies to provide even more American jobs.
The industry has seen better profits at the moment because oil prices have been historically low, which is helping them profit and grow the industry. Some of the biggest companies in this industry include Cond-way, YRC Worldwide, and J.B. Hunt Transport Services.
Now, this is not the only section that is growing because Fedex and UPS are also seeing much success in the last few years. Some could argue that the reason these companies are growing is because Americans are purchasing more goods online than ever before. These companies have been supplying Americans and American companies with reliable parcel services for years. The industry continues to grow, so these companies will probably continue to dominate.
These are just some of the industries that are driving the economy forward. The growth has not been extreme, but it should help Americans to feel better about the direction the US economy is headed.
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