An interesting piece in the Wall Street Journal discusses the likely permanent loss of jobs during the Great Recession of 2009. Obviously, fields closely related to the credit and housing bubbles at the root of the current recession – mortgage brokerages, financial industry, home building etc. – have shed jobs which may never return. Also, jobs in industries that can be automated by ongoing developments in IT – secretarial, mailroom, etc. – are also probably gone for good. Add to this mix, the increasing practice of offshoring tech-enabled jobs to emerging, low-cost labor markets like China and India and it becomes apparent that it may take years for the US to return to employment levels seen pre-recession in 2006.
What was the one bright spot according to the US Labor Department? Jobs in the healthcare field. Training for service in the healthcare field puts you at the forefront of the career market for the next decade. Congratulations! An interesting piece in the Wall Street Journal discusses the likely permanent loss of jobs during the Great Recession of 2009. Obviously, fields closely related to the credit and housing bubbles at the root of the current recession – mortgage brokerages, financial industry, home building etc. – have shed jobs which may never return. Also, jobs in industries that can be automated by ongoing developments in IT – secretarial, mailroom, etc. – are also probably gone for good. Add to this mix, the increasing practice of offshoring tech-enabled jobs to emerging, low-cost labor markets like China and India and it becomes apparent that it may take years for the US to return to employment levels seen pre-recession in 2006.
What was the one bright spot according to the US Labor Department? Jobs in the healthcare field. Training for service in the healthcare field puts you at the forefront of the career market for the next decade. Congratulations! 2 Responses to “Jobs Disappearing (But Not in Healthcare)”
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Following is an excerpt from page 4 of the CareerBuilder 2010 Job Forecast: Comparing selected industries, hiring is expected to increase in information technology, manufacturing, financial services, professional and business services, and sales in the coming year. Thirty-two percent of IT, 27 percent of manufacturing, and 23 percent of financial services employers plan to add full-time, permanent employees in 2009, followed by 22 percent of employers in professional and business services and 21 percent in sales. Health care employers are also planning to expand staffs at 21 percent followed by 18 percent of transportation employers and 15 percent of retail.
Well, the health care industry has always been hard pressed to find enough people to fill their needs, often running short of candidates, such is the case with nurses. I think it would be nice to address some of the stimulus attention to this area, perhaps creating a program to help retrain people to become nurses assistants…