What industries offer job seekers the most promise in the '80s?

According to a study by PHH Homequity Inc., the four best prospects are chemicals, paper and forestry products, drugs-pharmaceuticals and defense and space electronics.The chemicals industry, a big exporter, benefits from the weakened dollar. Paper and forestry firms are helped by strong product demand and modernized equipment, says the study.

New health-saving products keep the drug and pharmaceutical business growing. Defense and space electronics are expected to benefit from existing long-range contracts.