One look at the recent unemployment charts shows a dramatic spike in the ranks of the unemployed. One of the reasons for this spike is due to the number of high income occupations which have been targeted by high profile bankruptcies late in 2008. These high income job losses and bankruptcies have had a domino effect taking out other cash strapped companies, non-profits, and small businesses which have added to the current job market malaise.
I did some poking around for more information about job losses and industries and ran across this article which gets more into the specifics of which industries are expected to shrink over the next few years. If you think you're in one of these bad industries, maybe it's time to think about changing jobs while you still have money coming in. Try one of these
high growth careers.
Will I Lose My Job? How the Current Economic Downturn is Hurting Surprising Occupations
By William G Shultz
Determining your own personal job outlook can be a dicey proposition, but if you're in one of the following occupations it is very likely your job will be disappearing in the foreseeable future.
According to the recent Occupational Outlook put out by the Bureau of Labor Statistics (BLS), the following occupations are expected to see sharp declines annually for the next several years. If you perform one of these jobs presently, the answer to the question, "Will I lose my job?" very likely could be yes.
If you work with photographic processing equipment, the number of people working in your field is expected to drop by half by 2016. Likewise if you work as a file clerk or work as a wood pattern maker, you need to be dusting off your resume, as these positions will drop by 40% by 2016. Likewise if you work in textiles as a machine setter or operator, steep job losses will continue to hit your occupation in the next few years.
A surprising entry to the study this year in the "Will I lose my job?" category is electronics assemblers. If you work assembling electronics you could be in for quite a surprise this year when your factory slows down or shuts down and moves overseas. 25% of people employed in electronics assembly can expect to see their jobs disappear in the next few years. This is particularly harsh considering electronics assembly jobs pay at or above average wages.
The last surprise on the list is the number of employees wondering "Will I lose my job" in the computer operator field. Typically folks doing computer operation felt pretty safe as their job skills matched the needs of the business world. Unfortunately a sharp change has gone on in the industry and more creative skills are required beyond the level of generating content. Nearly 25% of workers in this occupation can expect to see their jobs disappear over the study period.
All is not lost if you're in one of these targeted for elimination careers. The job market is competitive right now but given the expanding opportunities in health care, higher education and software applications you can still make for a terrific future with the right training and opportunity. If you can start using effective job search techniques to aid you in getting one of the top future jobs you have an opportunity right now to create a great and secure future for yourself. William G. Shultz
References:
Information for this piece was compiled from data provided by the Bureau of Labor Statistics.
Bureau of Labor Statistics. Occupational Outlook Handbook (2008-09). Table III-1: Occupational employment and job openings data, 2006-16, and worker characteristics, 2006. From: Bureau of Labor Statistics web site: http://www.bls.gov/emp/optd
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As you can see a number of high profile industries can expect to see shrinking employment and wages over the next several years. If you're in one of these industries and still have a job, maybe this is a good time to start training in one of these
hot careers.