Where have all the jobs gone?

According to a recent article the outlook on the economy is starting to look up. All the jobs that disappeared in late 2007 have not returned but we are slowly coming out of the recession. The unemployment rate is still at an all time high which is 10%. Some new jobs have been created but not enough for all of those that have been lost. Individuals that do have jobs are performing more duties to compensate for the positions that were eliminated.

            Fortunately, for individuals that have a degree, they have a better chance of getting the job than someone who does not. A degree gives you a better paying job and better odds of finding a job in these tough times. The jobs to look out for are the “green” jobs and the healthcare profession.  Job placement counselors at universities and local junior colleges are encouraging students to get high grades and to begin job search early. Even though the job market is not a very good one, college graduates are the most fortunate in the labor force.

            Women are said to have seen where the job market is heading to so they are becoming highly skilled and well educated individuals. Men on the other hand are not keeping up with women in the job market. Many jobs have now become automated and others have been exported to other countries with cheaper labor costs.

            Government officials say that Congress should freeze tax rates and keep minimum wage at its lowest possible to help the low-wage earner climb the ladder. Allowing employers to create jobs for the unemployed. Economists fear that individuals in their late 40’s and early 50’s bracket will find themselves jobless due to not having the skills needed for the future.

            Personally, I hope this article opens the eyes of many individuals that fall into an age bracket which requires them to return to school. It will help keep them employed and up to date with new technology.

Katel, Peter. "Jobs Outlook." CQ Researcher 20.21 (2010): 481-504. CQ Researcher. Web. 17 Nov. 2010. <http://library.cqpress.com/cqresearcher/cqresrre2010060400>