Job Outlook 2000
By Guide J. Steven Niznik
Dateline: 1/3/00
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Projections for the |
In a nutshell, the job outlook is very good.
A low unemployment rate, tight labor market, shortage of high-tech
workers, and healthy U.S. economy are all good signs for both
generation-X and baby-boom generation,
technical job seekers.
At only 4.1 % heading into this new year, the unemployment rate was the lowest in the U.S. in 30 years. It hasn't been lower since January, 1970, when it was 3.9%. |
| Fastest growing occupations | |
| Occupations with largest job growth | |
| Industries with fastest wage and salary growth |
For the week ending last December 25, initial jobless claims for state unemployment insurance were again challenging record lows. Continuing claims for the week ending December 18 rose slightly from the week before, but were still historically low.
Some forecasters predict that the tight, high-tech labor market might loosen a bit from the decrease in demand for Y2K fixers. Others predict that the overall tight labor market will slow the economy some or cause minor inflationary pressures, which in turn, might loosen up the labor market. But despite these potential glitches, the general censuses is that the labor market will still be on the tight side well into 2000.
If history and trends are any indication, there will be more jobs this year. According to the U.S. Department of Labor, employers added 20 million jobs from January, 1993 through November, 1999. Wages are up, too.
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