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Mar 10

Job Market

The unemployment rate for 2014, projected by economist and analysts, was surprising low at the begging of the year, but after the slow month of February our attention has shifted to a possible dip in the expectations in the economy as a whole.  The job market was practically dead at the end of last year, as only 75k were added to the existing job market.  We caught a glimpse of what the New Year has in store for us after a strong turnaround in the month of January as over 115k jobs were created. Although this peak in jobs seemed to have been a great turnaround for the time being, we were almost expecting additional 55k jobs based on previous predictions.

 

During the US economy crisis over 8.7 million jobs were terminated, amazingly over 7.8 million jobs have resurfaced, concluding the reestablishment of the economic standing.  With statistics like that faith has been restored in the job market, so as jobs are being created, the need for qualified workers is increasing.  College enrollment between 2006-2011 increased by over 3.2 million students, but has had a recent decline in the past 2 years.  With an increasing number of college graduates searching in the job market, jobs are becoming increasing competitive across the board.  The entry positions projected for 2014, based of salary, are Software Developers, Computer System Analysts, Dentists, Pharmacists, and Web Developers.  The IT and Medical industries are taking flight as of late, the updated technology requires relative knowledge and specific skills.

 

So, what can we expect in the upcoming months of the year? Based off February’s rather slow economic status, predications lead us to believe that the plateau is all but over and we should see a great increase in job creation, and overall economic growth.  Currently enrolled college students should avoid getting stuck in a bind when they graduate by undertaking internships to help boast their resume, skills, and experience, prompt them for the upcoming years as they enter the job market.

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