{"id":1590,"date":"2008-05-27T09:51:56","date_gmt":"2008-05-27T14:51:56","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2008\/05\/as-the-job-market-churns\/"},"modified":"2008-05-30T10:40:37","modified_gmt":"2008-05-30T15:40:37","slug":"as-the-job-market-churns","status":"publish","type":"post","link":"https:\/\/selectmetrix.com\/blogs\/2008\/05\/as-the-job-market-churns\/","title":{"rendered":"As The Job Market Churns"},"content":{"rendered":"<p>Quick-hitter article here from HotJobs.com &#8211; <a target=\"_blank\" href=\"http:\/\/hotjobs.yahoo.com\/career-articles-good_paying_jobs_are_ample_but_training_is_critical-397\">Good-Paying Jobs Are Ample, But Training Is Critical<\/a>.\u00a0 The article is a fast read and worth your time, but here is what caught my attention:<\/p>\n<blockquote><p><strong>The job market is always churning.<\/strong> About 7 million workers lose or leave jobs each quarter and, when the economy is growing, more than 7 million are added to payrolls. Companies hiring right now include makers of aircraft and medical equipment, shipbuilders and refiners of petroleum and sugar. At the same time, losses continue to sock the textile, apparel, auto and other industries.<\/p><\/blockquote>\n<p>7 million jobs churn each quarter.\u00a0 That is a staggering number and helps to define what a large economy we have been blessed with here in the US.\u00a0 But our economy is slow right now so where does this leave us?\u00a0 From the article (my editing):<\/p>\n<blockquote><p><strong>The current slowdown is expediting a trend in play for decades:<\/strong> a shift from jobs that produce goods to those that provide services, which are up to 80% of the total.<\/p>\n<p><strong>You can bet there will be lots of good jobs.<\/strong> They&#8217;ll be in health care, engineering, management consulting, accounting, education and legal services. Also needed will be sales representatives, executive assistants, carpenters, auto mechanics, truck drivers, nurses, office managers and more. On average, many will pay as much or more than those in manufacturing.<\/p>\n<p>Three decades ago, earning a high school diploma was enough to land a job in a steel mill where a person could move up the ladder to a $30 an hour job. Only 41% of jobs were filled by workers with some college or a college degree.<\/p>\n<p>Today, 60% of jobs are filled by those with more than a high school diploma, and that share will rise to about 70% by 2020.<\/p><\/blockquote>\n<p>Education will be the first step, specialized training will be the second.\u00a0 Finding the right person for the position will be the same as it ever was (to quote the Talking Heads).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick-hitter article here from HotJobs.com &#8211; Good-Paying Jobs Are Ample, But Training Is Critical.\u00a0 The article is a fast read and worth your time, but here is what caught my attention: The job market is always churning. About 7 million workers lose or leave jobs each quarter and, when the economy is growing, more than 7 million are added to payrolls. Companies hiring right now include makers of aircraft and medical equipment, shipbuilders and refiners of petroleum and sugar. At the same time, losses continue to sock the textile, apparel, auto and other industries. 7 million jobs churn each quarter.\u00a0 That is a staggering number and helps to define what&hellip; <a class=\"read-more\" href=\"https:\/\/selectmetrix.com\/blogs\/2008\/05\/as-the-job-market-churns\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[49,15,702,5],"tags":[703,50,702,704],"class_list":["post-1590","post","type-post","status-publish","format-standard","hentry","category-economy","category-sourcing","category-training","category-trends","tag-hiring-educated-workers","tag-hiring-trend","tag-training","tag-training-trend"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-pE","jetpack-related-posts":[{"id":2173,"url":"https:\/\/selectmetrix.com\/blogs\/2009\/11\/when-will-it-end\/","url_meta":{"origin":1590,"position":0},"title":"When Will It End?","author":"Derrick Moe","date":"November 23, 2009","format":false,"excerpt":"The Great Recession roars on during this holiday season.\u00a0 Our company is focused on sales hiring, both assessing candidates for our customers and running full recruiting processes.\u00a0 The hiring outlook is of great importance to us and a topic I try to track closely. That being said, this abcnews.com article\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1650,"url":"https:\/\/selectmetrix.com\/blogs\/2008\/07\/countercyclical-market-segments-are-hiring\/","url_meta":{"origin":1590,"position":1},"title":"Countercyclical Market Segments Are Hiring","author":"Derrick Moe","date":"July 8, 2008","format":false,"excerpt":"The Career News (sorry, no link) references an article regarding job market growth in 3 specific sectors (my bold): While hiring in the financial and consumer discretionary sectors has clearly been impacted by the continued fall-out from the mortgage market collapse, the technology, healthcare and defense sectors are all adding\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2148,"url":"https:\/\/selectmetrix.com\/blogs\/2009\/10\/jobless-recoveries\/","url_meta":{"origin":1590,"position":2},"title":"Jobless Recoveries","author":"Derrick Moe","date":"October 29, 2009","format":false,"excerpt":"Jobless recoveries is an all-too-frequent phrase in our modern economy.\u00a0 The 3.5% growth in 3rd quarter GDP is a bit misleading as the government poured money into the economy (cash for clunkers, first-time home buyer program, etc.).\u00a0 The hiring trend continues to be abysmal as somewhat expected as it is\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2320,"url":"https:\/\/selectmetrix.com\/blogs\/2010\/04\/good-sign-bad-sign\/","url_meta":{"origin":1590,"position":3},"title":"Good Sign, Bad Sign","author":"Derrick Moe","date":"April 27, 2010","format":false,"excerpt":"As is so often the case in this economy, the market is sending mixed signals.\u00a0 From one article on abcnews.com: The economic strength, both in U.S. and international markets, plus cost cuts, higher rates and fuel surcharges led to a 33 percent increase in first-quarter profit. UPS boosted its full-year\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2632,"url":"https:\/\/selectmetrix.com\/blogs\/2015\/09\/the-on-demand-economy\/","url_meta":{"origin":1590,"position":4},"title":"The On-Demand Economy","author":"Derrick Moe","date":"September 29, 2015","format":false,"excerpt":"More and more workers are moving away from traditional jobs and towards the \u201cgig\u201d economy of on-demand roles that have a finite time frame.\u00a0 Some of the startling trend from the Yahoo article (emphasis mine): The report said the number of independent workers in America is expected to grow from\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1784,"url":"https:\/\/selectmetrix.com\/blogs\/2008\/11\/job-churn\/","url_meta":{"origin":1590,"position":5},"title":"Job Churn","author":"Derrick Moe","date":"November 10, 2008","format":false,"excerpt":"The Career News newsletter has a short article about \"job churn\" that provides some good news for our present economic situation. The immediate reaction of companies, in a slumping U.S. economy, is to pull back on hiring activity, declare hiring freezes and even make layoff announcements. But these are only\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=1590"}],"version-history":[{"count":0,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1590\/revisions"}],"wp:attachment":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=1590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=1590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=1590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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