For a substantial increase in GDP we agree that we need increased consumer spending and for increasing consumer spending we need to put money in people’s pockets and for that we need folks to get jobs.
This train of thoughts led me to see which occupational areas are promising and see a potential growth and here is what I pulled from a couple of sites
Unemployment statistics
• Number of unemployed = 14 million
• % Unemployed Present = 9.1
• Long term unemployed (27 weeks and over)= 6 million
• % Long term unemployed = 49.2 % of Unemployed
• % Unemployed Jan 08 = 5 %
From the U.S. Department of Labor, U.S. Bureau of Labor Statistics the fastest growing occupations from the year 2008 and projected to year 2018
I have shortlisted this list only for folks with Moderate to Short-term on-the-job training (the reason being we cannot send masses to a 4 year degree and short to moderate on the job training would be practical way forward).
Here are the areas of occupation and % increase we see majority of jobs being created in the Healthcare sector so in case we focus on this area more than other areas we can see a substantial growth in job market
• Home health aides 50%
• Personal and home care aides 47%
• Physical therapist aides 36%
• Medical assistants 33%
• Physical therapist assistants 30%
• Occupational therapist aides 30%
Source of my data : http://www.bls.gov/emp/ep_table_103.htm
Showing posts with label unemployment. Show all posts
Showing posts with label unemployment. Show all posts
Monday, October 10, 2011
Monday, May 30, 2011
Real Unemployment
In service based economy , the real capacity of what we produce is service based , industrial utilization is good for industrial manufacturing based economy . The best measure for utilization in service based economy is employment and therefore unemployment in this
Unemployment statistics
• • US population = around 300 million
• • Adult population ( 16 yr older + old folks) = 240 million
• • Labor force (working force) = 150 million
• • Number of unemployed(no job and have looked for 4 weeks) = 14 million
• • % Unemployed Present ((number of unemployed/total labor force)) = 9.1 %
• • Long term unemployed (27 weeks and over)= 6 million
• • % Long term unemployed = 49.2 % of Unemployed
• • % Unemployed Jan 08 = 5 %
• • Marginally attached workers (want to work have looked in past 12 months are not counted as unemployed)
• Discouraged workers is subset of marginally attached workers ( not actively looking for more than 5 weeks) and thinks there are no jobs available
US Total Unemployment Rate - Including Marginally Attached Workers Plus Total Employed Part Time for Economic Reasons =16%
http://metricmash.com/unemployment.aspx?code=LNS13327709
Unemployment statistics
• • US population = around 300 million
• • Adult population ( 16 yr older + old folks) = 240 million
• • Labor force (working force) = 150 million
• • Number of unemployed(no job and have looked for 4 weeks) = 14 million
• • % Unemployed Present ((number of unemployed/total labor force)) = 9.1 %
• • Long term unemployed (27 weeks and over)= 6 million
• • % Long term unemployed = 49.2 % of Unemployed
• • % Unemployed Jan 08 = 5 %
• • Marginally attached workers (want to work have looked in past 12 months are not counted as unemployed)
• Discouraged workers is subset of marginally attached workers ( not actively looking for more than 5 weeks) and thinks there are no jobs available
US Total Unemployment Rate - Including Marginally Attached Workers Plus Total Employed Part Time for Economic Reasons =16%
http://metricmash.com/unemployment.aspx?code=LNS13327709
Thursday, April 14, 2011
Unemployment ,
Situation :Teenage unemployment rate increased from 13.2% in 2000 to 28 % in 2011 . For much of the past 60 years, the proportion of 16-to-19-year-olds who held jobs — either part or full time — was around 40%. In fact, in 2000 it was a relatively high 45%. In all, nearly 7.3 million teens were getting a regular paycheck..
Facts:Older workers are not exiting the workforce and in some situations are getting back in the workforce after a decade of hiatus The retail and construction sectors, which are usually key employers of young workers, have been among the hardest hit.
Potential outcome The only plus of this grim circumstances is teenage students are staying back in school in fact the school enrollment rate for 16-to-19-year-olds has risen to 83%, up from 78% in the mid-1990s which in turn can lead us to believe that we might have an increase in skilled labor force n coming years
Facts:Older workers are not exiting the workforce and in some situations are getting back in the workforce after a decade of hiatus The retail and construction sectors, which are usually key employers of young workers, have been among the hardest hit.
Potential outcome The only plus of this grim circumstances is teenage students are staying back in school in fact the school enrollment rate for 16-to-19-year-olds has risen to 83%, up from 78% in the mid-1990s which in turn can lead us to believe that we might have an increase in skilled labor force n coming years
Subscribe to:
Posts (Atom)