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Taxi Drivers

Outlook

There will always be a need for taxi drivers. One speed bump to job growth, however, has been the coronavirus pandemic in 2020, which has disrupted most businesses, with lockdowns, travel restrictions, and event cancellations around the world. As fewer people are traveling, the demand for taxis and limousines has diminished. On a positive note, this slowdown should reverse within the next year or so, as the pandemic comes to an end and more people return to work and travel. Going forward, job opportunities for taxi drivers are expected to grow by 11 percent, much faster than the average for all careers, through 2029, according to the U.S. Department of Labor. The high turnover rate in this occupation means that many of the new job openings that develop in the future will come when drivers leave their jobs to go into another kind of work. In addition, as the American population increases and traffic becomes more congested, the need for taxi drivers will increase, especially in metropolitan areas. At present many drivers work on a part-time basis, and that situation is likely to continue.

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