Unfortunately, not many people are a stranger to the downward spiraling economy that began in December 2007 and continued to deplete throughout 2008.
In fact, November 2008 marked some of worst numbers in decades in terms of job loss: The unemployment rate, for example, hit a 14-year high this November at a rate of 6.7 percent. That month also counted 1.9 million jobs lost throughout 2008 alone; two-thirds of those losses occurred in the last three months. The number of unemployed people increased from 10.1 million in October to 10.3 million in November, according to the most recent data from the Bureau of Labor Statistics.
Since 2007, the number of unemployed people has increased by 3.1 million, and the unemployment rate has gone up by 2 percent. For the 10.3 million currently unemployed people, however, there is hope for some reprieve in 2009.
The labor force is expected to increase by 12.8 million workers over the 2006 -2016 period, according to the BLS. Total employment is expected to increase by 10 percent to 166.2 million over that period as well, while an estimated 15.6 million jobs will be added by 2016. While that year seems like a long way off today, a certain number of new jobs will be added each year leading up to 2016 -- including in 2009.
It should be noted, however, that the jobs that will be added won't be evenly distributed across industries and occupational groups. It goes without saying that changes in consumer demand, technology and the like will continue to affect the economic structure.
Industries that have seen growth since 2007 (according to the most recent data from the BLS) include management, business and financial operations; professional and related occupations; service occupations; sales and office occupations; and installation, maintenance and repair occupations.
Looking for a job in 2009? Here are 25 of the best jobs to look for in the New Year, defined as jobs that saw growth in the second half of 2008.*Industry: Management, business and financial operations occupations
Total employment: 22,425,000**
Best jobs:1. Public relations manager: $72,452/year***2. Purchasing agent: $49,401/year
3. Claims adjuster, appraiser, examiner and investigator: $58,219/year
4. Human resources, training and labor relations specialist: $63,577/year
5. Budget analyst: $56,924/year
Industry: Professional and related occupations
Total employment: 30,370,000
Best jobs:
6. Computer programmer: $59,628/year
7. Electrical and electronics engineer: $70,706/year
8. Writer and editor: $42,405/year and $47,386/year, respectively
9. Pharmacist: $88,009/year
10. Audiologist: $57,779/year
Industry: Service occupations
Total employment: 25,114,000
Best jobs:
11. Private detective and investigator: $38,656/year and $34,810/year, respectively
12. Chef and head cook: $44,047/year and $40,794/year, respectively
13. Tour and travel guide: $22,917/year
14. Recreation and fitness worker: $15,101/year and $22,440/year, respectively
15. Grounds maintenance worker: $22,407/year
Industry: Sales and office occupations
Total employment: 35,180,000
Best jobs:
16. Cashier: $22,931/year
17. Telephone operator: $25,165/year
18. Hotel, motel and resort desk clerk: $19,926/year
19. Cargo and freight agent: $30,143/year and $54,804/year, respectively
20. Statistical assistant: $30,921/year
Industry: Installation, maintenance and repair occupations
Total employment: 5,165,000
Best jobs:
21. Computer, automated teller and office machine repairer: $41,614/year, $34,509/year and $36,077/year, respectively
22. Electric motor, power tool and related repairer: $29,865/year
23. Security and fire alarm systems installer: $35,648/year
24. Telecommunication line installers and repairers: $45,458/year
25. Locksmiths and safe repairer: $32,111/year
*Data reflects figures based on the second- and third-quarter employment numbers according to the Current Population Survey released by the BLS.
**Third-quarter employment numbers.
***Salary figures according to CBSalary.comSOURCE
The best...Location is everything, according to the real estate adage. Many people learn the wisdom of these words after they move into their first apartment on a tight budget and have a view of a landfill and the smells that come from it.The same holds true for job hunting. Your chances of finding the right job – or any job, really – depend on where you live. The unemployment rate is the ratio of job seekers to the working population. Therefore, a low percentage means few people are having any difficulty finding work.If you’re looking for a job, you want to be in a state that has an unemployment rate lower than the national average, which is 5 percent according to the most recent data from the Bureau of Labor Statistics (BLS).Here are the 15 best states to find work ranked by their unemployment rates.1. South DakotaUnemployment rate: 3 percent*Population: 796,214**Mean annual wage: $30,460Top industry: Trade, transportation and utilities (19.9 percent)***2. IdahoUnemployment rate: 3 percentPopulation: 1,499,402Mean annual wage: $34,810Top industry: Trade, transportation and utilities (20.2 percent)3. WyomingUnemployment rate: 3.1 percentPopulation: 522,830Mean annual wage: $34,290Top industry: Government (23 percent)4. NebraskaUnemployment rate: 3.2 percentPopulation: 1,774,571Mean annual wage: $34,300Top industry: Trade, transportation and utilities (21.1 percent)5. UtahUnemployment rate: 3.2 percentPopulation: 2,645,330Mean annual wage: $35,540Top industry: Trade, transportation and utilities (19.7 percent)6. HawaiiUnemployment rate: 3.2 percentPopulation: 1,283,388Mean annual wage: $38,630Top industry: Government (19.6 percent)7. North DakotaUnemployment rate: 3.3 percentPopulation: 639,715Mean annual wage: $32,440Top industry: Trade, transportation and utilities (21.4 percent)8. VirginiaUnemployment rate: 3.5 percentPopulation: 7,712,091Mean annual wage: $41,450Top industry: Government (18 percent)9. MontanaUnemployment rate: 3.6 percentPopulation: 957,861Mean annual wage: $31,290Top industry: Trade, transportation and utilities (20.5 percent)10. New HampshireUnemployment rate: 3.6 percentPopulation: 1,315,828Mean annual wage: $39,250Top industry: Trade, transportation and utilities (23.3 percent)11. New MexicoUnemployment rate: 3.7 percentPopulation: 1,969,915Mean annual wage: $33,980Top industry: Government (23.2 percent)12. DelawareUnemployment rate: 3.8 percentPopulation: 864,764Mean annual wage: $41,680Top industry: Trade, transportation and utilities (18.7 percent)13. MarylandUnemployment rate: 3.8 percentPopulation: 5,618,344Mean annual wage: $44,030Top industry: Government (18.2 percent)14. IowaUnemployment rate: 4 percentPopulation: 2,988,046Mean annual wage: $33,250Top industry: Trade, transportation and utilities (20.4 percent)15. VermontUnemployment rate: 4 percentPopulation: 621,254Mean annual wage: $36,350Top industry: Trade, transportation and utilities (19.4 percent)The worst...If you’ve rewritten that résumé several times and sent out dozens of applications but your job search still shows no promise, you might not be the problem. One frequently overlooked but critical factor in finding a new job is your state’s unemployment rate. You can have the experience and skills of an employer’s dream, but they won’t do you any good if there just aren’t enough jobs available.The unemployment rate is the percentage of job seekers in the work force who are still looking for work. The higher the percentage, the more difficult it is to find a job. The national unemployment rate is 5 percent, based on the most recent data from the Bureau of Labor Statistics (BLS). If you’re looking for a job, you should see how your state compares to the rest of the country. Here are the 10 worst states to find work ranked by their unemployment rates.1. MichiganUnemployment rate: 7.6 percentPopulation: 10,071,822Mean annual wage: $41,230Top industry: Trade, transportation and utilities (18.4 percent)***2. MississippiUnemployment rate: 6.8 percentPopulation: 2,918,785Mean annual wage: $30,460Top industry: Government (21.2 percent)3. South CarolinaUnemployment rate: 6.6 percentPopulation: 4,407,709Mean annual wage: $33,400Top industry: Trade, transportation and utilities (19.4 percent)4. AlaskaUnemployment rate: 6.5 percentPopulation: 683,478Mean annual wage: $43,920Top industry: Government (25.9 percent)5. CaliforniaUnemployment rate: 6.1 percentPopulation: 36,553,215Mean annual wage: $44,180Top industry: Trade, transportation and utilities (18.9 percent)6. District of ColumbiaUnemployment rate: 6.1 percentPopulation: 588,292Mean annual wage: $61,500Top industry: Government (33.3 percent)7. OhioUnemployment rate: 6 percentPopulation: 11,466,917Mean annual wage: $37,360Top industry: Trade, transportation and utilities (19.3 percent)8. ArkansasUnemployment rate: 5.9 percentPopulation: 2,834,797Mean annual wage: $30,870Top industry: Trade, transportation and utilities (20.6 percent)9. NevadaUnemployment rate: 5.8 percentPopulation: 2,565,382Mean annual wage: $36,000Top industry: Leisure and hospitality (26.5 percent)10. KentuckyUnemployment rate: 5.7 percentPopulation: 4,241,474Mean annual wage: $33,490Top industry: Trade, transportation and utilities (20.4 percent)*Unemployment rates, mean annual wages and industry percentages obtained from BLS in January 2008. Percentages based on nonfarm payrolls, seasonally adjusted.**Population figures based on U.S. Census Bureau data.***Top industries are those that employ the largest percentage of a state’s labor force.Source