Jobs and Occupations in highest demand in USA: 2006 to 2016

Bureau of Labor Statistics: A summary of Tomorrow’s jobs

Making informed career decisions requires reliable information about opportunities in the future. Opportunities result from the relationships between the population, labor force, and the demand for goods and services. ~ US Bureau of Labor Statistics

The unemployment rate in USA is almost 10% – the worst in decades. A large number of well qualified individuals are desperately looking for jobs. Finding a job that you really like, and getting it, can be a challenging process.

This article provides a long term view of the jobs and occupation that are, and going to be, in high demand in USA. The information and data is based on the study from U.S. Department of Labor, Bureau of Labor Statistics. A wide variety of occupations are forecast to be in high demand. Among all occupations, health-care is forecast to make up 7 of the 20 fastest growing occupations.

The first chart displays the jobs and occupations that are supposed to enjoy the highest rate of increase. The Top jobs with highest percent change in employment over the period of 2006-16, as shown in the chart, include:

• Network systems and data communications analysts
• Personal and home care aides
• Home health aides
• Computer software engineers, applications
• Veterinary technologists and technicians
• Personal financial advisers
• Makeup artists, theatrical and performance
• Medical assistants
• Veterinarians
• Substance abuse and behavioral disorder counselors
• Skin care specialists
• Financial analysts
• and so on…..For more details, you may refer to the chart on the right.

According to this detailed study, the 7 top health-care occupations are exhibiting high growth rates. Overall, as you can see in the chart, the high growth rates comes from health care, social assistance, engineering, services and technical occupations.

It is worth noting that the percentage increase or the rate of growth within a job sector may not provide the complete job picture because some occupation have much larger number of employees compared to others. To understand the ‘absolute value’ or the actual number of jobs added, the numerical growth chart (the second one here) is much more telling.

According to the study, the top 20 occupations listed in the second chart will account for more than one-third of all new jobs, 6.6 million combined, over the period of 2006-2016. The occupations with ‘the largest numerical increase’ include:

• Registered nurses
• Retail sales-persons
• Customer service representatives
• Combined food preparation and serving workers, including fast food
• Office clerks, general
• Personal and home care aides
• Home health aides
• Post-secondary teachers
• Janitors and cleaners, except maids and housekeeping cleaners
• Nursing aides, orderlies, and attendants
• Bookkeeping, accounting, and auditing clerks
• Waiters and waitresses
• Child care workers
• and so on…as shown in the second chart here

Looking at these two charts, some of the long trends in job market stand out:

• The jobs and occupation with specific skills and qualifications are among the jobs in high demand.
• Health-care, network and computer engineering occupations are growing at fast rate.
• Nursing, sales-rep, food industry, office jobs, teachers are expected to have large number of openings.
• A wide variety of sectors will continue to grow, offering opportunities for all who excel in their fields.

Even though the study is based on USA labor market, similar trends in job demands may also apply to other countries as well. In general health care, engineering, services and technical fields seem to exhibit higher demand.

Global recession again. Recession 2011 could be worse, as US recession looms large

NEW DELHI: India weathered the 2008 crisis well, but there are fears that this time round the country is not even ready for a crisis of much lesser magnitude, let alone a full-blown debt default in Europe or a possible US recession. 

Weak finances, persistently high inflation and policy inertia have considerably weakened the government's position today. 

"This time our basics are weak. A domestic meltdown is expected and our resilience won't be as much as last time," said Nisha Taneja, professor of economics at ICRIER. Growth estimates are down to 7.2% in the current year, not far from 6.8% the country managed in crisis-ridden 2008-09, and every other indicator is pointing downwards. 


Contrast that with 9.3% growth on the eve of the crisis when India could do no wrong. "This time we may be on weaker foundations," chief economic advisor Kaushik Basu told Washington Post last week. Just before the crisis in 2008, the repo rate, the key rate in the economy, was 9%, which was cut quickly to stimulate demand and investments. This time round the best the Reserve Bank can do is to halt the rate increases because despite high borrowing costs consumption demand remains strong and any policy reversal risks inflation going out of hand. 

For the same reason, the government is in no position to risk a fiscal stimulus as it will stoke demand and raise inflation. The year 2007-08 began with a fiscal deficit of less than 3% of GDP. This strong fiscal position had allowed the government to announce a Rs 75,000-crore farm debt waiver and meet the generous Sixth Pay Commission award. Both of these, together with rapidly scaling up rural jobs scheme, held up demand when the financial crisis unraveled. 




Subsequently, the government was also able to cut taxes and announce other measures to stimulate demand. Although, in the current year, the fiscal deficit is budgeted at 4.7% of GDP, most experts expect the government to breach it by a good margin, with some estimates going as high as 5.5%. In such a situation, a fiscal stimulus is almost ruled out. 

"The ability to respond (globally) is very limited this time around," said Samiran Chakraborty, chief economist, Standard Chartered. "The fiscal space in India is also comparatively more constrained." Although the foreign exchange reserves are in excess of $300 billion, the balance of payments situation is weaker and the country could find it difficult to weather an export slump similar to the one in 2008, when growth turned negative for 13 straight months. 

The current account deficit is likely at over 2.7% of GDP, much higher than 1.3% in 2007-08, and foreign direct investments are not as forthcoming. The C Rangarajan-headed Prime Minister's Economic Advisory Council expects only $14 billion in inflows in the current year. Even without the crisis, things were not looking good for Indian economy. It has got much worse, though difficult to say how much. "The overall impact of the global uncertainty is difficult to predict as of now," said Pronab Sen, principal advisor to the Planning Commission.


For more info, Please visit : http://www.dailymail.co.uk/news/article-1374676/Government-shutdown-2011-Obama-warns-recession-budget-deadlock-continues.html

Migrants still not getting fair share; Britons think there are too many of them

5th August 2011: The migrants are still not getting a fair share. They work in the hospitals as doctors and nurses, prepare your favourite food, grow veggies and even construct houses and service your automobiles. Yet so many Britons think there are too many immigrants.


Just not heedful of so many things the “outsiders” do for them, the Britons still think the Government should cut down the number of newcomer numbers — a poll results suggests.

The research results claimed 71 per cent or nearly three-quarters of the public believe the numbers are too high.

A similar number claimed public services too were suffering due to so many incomers.

The Global @dvisor survey of 17,000 people worldwide was conducted by Ipsos Mori.

What they forget is that the foreigners bring along with them skills that may not be too readily available, besides being tough and time consuming for the natives to adapt and learn.

They fill in the gaps. This is not all. Even the contribution of the not-so-skilled labour force from abroad in the UK cannot be undermined. They do the work the natives simply are not unwilling to take.

Work and Pensions Secretary Iain Duncan Smith only recently said it was not in good taste that 70 per cent of the four million jobs created since 1997 had gone to immigrants because British people were not capable or able to do them.

Elaborating, Smith said nearly three million newly created jobs have been taken by immigrants since 1997.

Chairman of MigrationWatch UK Sir Andrew Green, meanwhile, insisted the poll was “a timely reminder that the Government must keep its pledge or pay a very heavy price with public opinion.

The authoritative Global @dvisor global survey of 17,000 people worldwide, conducted by Ipsos Mori, revealed only a quarter of the 1,000 Britons taking part thought immigration had been good for the country.

Nearly 71 per cent of the 1,000 Britons talked to agreed there were too many foreigners here. As many as 76 per cent – the highest proportion in 23 countries surveyed – said immigration had placed too much pressure on public services.