One-half of all companies (54 percent) are hiring this fall, according to CEO’s surveyed by PriceWaterhouse. That means you have to know where to look. Here are the go-to jobs, industries and regions.
Go-to jobs in 2012
The CEO’s said they are looking for managerial, professional and technical personnel. More service sector companies (62 percent) are hiring than manufacturing (49 percent). Personnel Managers surveyed by Society for Human Resource Management agree forecasting moderate hiring in manufacturing but stronger demand in the service industry.
Our Federal Reserve surveyed their districts across the U.S. and can give much greater detail to this picture by reporting a demand for:
- Engineers (mechanical, electrical), software developers, skilled manufacturing jobs, and information technology specialists across most of the U. S.
- Truck drivers in mid-Atlantic, Ohio, Rocky Mountain and Texas
- Auto industry jobs in the Midwest
- Welders along the northern plains
- Temporary workers in the South
- Construction workers and energy sector employees in Texas
New York and Pennsylvania and the west coast report little demand in any area.
Where to find better pay
The Federal Reserve finds that our slow economy is putting a damper on pay but look for better pay in the following areas:
- Go to the eastern or western U.S. for better pay in information technology.
- Go to the east for better pay in software and engineering.
- Texas employers are paying more for truck drivers, construction workers and accountants.
- Go to the oil producing areas of western North Dakota and eastern Montana for higher pay in all jobs—from hamburger servers to welders.
Recent grads face tough market
Only one-quarter (25.5 percent) of the Class of 2012 that applied for a job had one in hand, according to results of NACE’s 2012 Student Survey conducted in May. Society of Human Resources Management recently found most employers (75 percent) have no current openings for recent grads. PriceWaterhouse reports, “One of the major consequences of the crisis is that organisations in the West have chosen experience over youth, cutting back on the recruitment of younger workers and banking on the experience of older workers to see them through.”
Many lost jobs, biggest loss was manufacturing
A huge number of workers (12.9 million) were displaced from jobs in the last three years, according to the U.S. Bureau of Labor Statistics. Little more than half (56.9 percent) found employment, 27.5 percent are still unemployed and 15.7 percent dropped out. Big losers were people working in manufacturing accounting for one out of every five displaced workers. Hardly touched was agriculture.
Displaced workers are those out of work because their plant or company closed or moved, there was insufficient work for them to do, or their position or shift was abolished. The BLS survey was conducted in January 2012 covering years 2009-11. Their last survey in January 2010 covered 2007-09. The survey found 15.4 million displaced workers with only 49 percent re-employed.
Where did the jobs go?
The U.S. lost 2.1 million jobs to China due to the trade deficit, according to estimates by Robert E. Scott, Economic Policy Institute. That is half of all manufacturing jobs eliminated or displaced in the U.S. between 2001 and 2011 possibly explaining a fundamental reason why manufacturing is recovering so slowly.