While there have been economic hardships the past few years, it seems according to recent government job market statistics, we may have started the road to recovery.
While it may not be time to jump and down yet, future job market trends indicated there is some growth occurring, and that specific trends in the job market are occurring. Many would love to see a more rapid growth.
There were more than 8 million jobs that disappeared during the recession. Replacing those numbers isn’t going to happen overnight, but any increase in the number of jobs being generated is a good sign.
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Job Market Trends 2012
Job market research indicates there are a number of areas where growth is being seen.
Let’s look at the trends in the job market and the top areas where opportunities exist.
1. Health Care
This sector has remained one of the most stable throughout the recession and as the recovery gets under way. Recently we have seen an increase in demand for physical therapists, speech pathologies, and occupational therapists.
This sector has recently seen annual index growth rates that were 20% . This is one of the most robust sectors and it is anticipated the growth will continue on an upward swing, although perhaps more slowly. Opportunities are available within the small business sector, which has seen the quickest recovery.
It seems according to recent government job market statistics the utilities are on top of many other sectors right now, with a strong demand for those workers in the field. There’s also a push for workers qualified for infrastructure upgrades, and technology implementation.
For front line sales people there’s finally been a slight increase in positions available. This is partially as a result of the economic recovery and a small amount of growth in the industry. Once the retail sector also begins to feel confident growth is incurring they’ll also be more positions come available directly in the retail sector. It is anticipated some of this growth will be seen in 2011.
5. Scientific and Technical Sectors
The growth here has been minimal. Never the less there has been some growth and this sector shows promise during 2011 and into 2012.
6. Finance and Insurance Sectors
These two sectors are holding their own. There has been little change, but there has been minimal growth and as the market prepares to grow there should be some growth here as well.
7. Professional Sectors
While the slowest growth has been seen here, current job market trends indicate we can expect growth in the latter part of 2011.
After the steady loss of manufacturing jobs over the past years, we have seen a growth in some manufacturing industries including fabricated metal, autos, machinery, and electronics.
Current Job Market Trends Show Job Deficit
This past recession was much more severe than the three recessions prior.
The job loss to government and corporate sectors was huge. The economy has been unable to create the more than 3.2 million jobs necessary to keep up with the growth in the American population. The EPI says this deficit is likely to last for some time yet as markets continue to slowly become stronger. However, the sectors above show much promise so all is not lost in this economic recovery.
“Current and future job market trends are a bit like riding a bull. You never know when you’ll be up or down.”