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Significant career decisions require accurate and reliable information about existing job opportunities. It is a common knowledge that job opportunities come up from the productive and effective relationships of population, the labor market and demand for services and goods. The economy is also a strong and necessary aspect.
All job seekers should understand that a growing population not only increases demands for goods and services but also limits the scale of the overall labor force. Worse, improving technology and the advent of computerization makes the job market more rigid. Thus, expect heavy and intense competition when applying for jobs. These days, job hunting is most tedious amid the global economic crisis and its impact on almost all industries and companies.
In 2008, most employers in the United States hired 16% more fresh graduates than they did in 2007. Before the end of 2008, the impact of the global financial turmoil emerged. This prompted more companies to cancel their hiring initiatives. In 2009, the job market outlook is very dismal. However, job seekers should not run out of hope. By looking at current job market statistics, job applicants could strategically focus on markets where they are needed.
- About 44% of all US-based employers and job recruiters are changing their recruitment and hiring plans due to the current economic crunch. The housing and financial industries are particularly affected. There are still streaks of hope for job seekers. About 48% of employers still intend to continue their hiring plans despite the economic environment.
- There is a shift in the long-term job market to service-producing from goods-producing employment. In general, service-producing industries are forecast to take a bigger pie of new salary and wage jobs for the period covering 2006 to 2016. Goods-producing companies are expected to cut more jobs in the same period.
- The fastest growing specific industries where job seekers should focus are: (according to rank) services for scientific, technical and management consultancies; care services for disabled and elderly people; gambling sector; home-based health care services; public and private educational support services; financial investment activities; securities, exchanges and brokerages; online broadcasting and publishing services; and wireless telecommunications carriers.
- The fastest growing occupations are: data communications and network systems analysts; home care and personal aides; computer and application software engineers; veterinary technicians and technologists; personal financial advisors; medical assistants; entertainers and makeup artists; veterinarians; counselors; dermatology care specialists and financial analysts.
- The leisure and hospitality sector is expected to grow tremendously. It is estimated that the sector's overall employment could climb by 14.3% in this decade and by up to 31% by 2016.
- In the US, the state of Florida is known as a place where new jobs are constantly created at a brisker pace. Despite the rebounding national economy, the state benefits from an active tourism industry, lower housing costs and rising population of elderly people, which boost demand for health care. Other states where job seekers could easily find good and appropriate jobs are Nevada (particularly in Las Vegas), Arizona, Arkansas, California and New Jersey. The states were identified in a 2003 survey by the Milken Institute, which looked at states' abilities to create and sustain new jobs.
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