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State of the Job
Market Columns |
August 31, 2003
By Brian McCullough, Head Writer,
ResumeWriters.com
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As always, this column and our data is provided by the
professionals at ResumeWriters.com.
Learn how we collect our data here.
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For the first time in five months, our
State of the Job Market composite index is down slightly. The index is a
sea of red numbers, but it's important to note that the majority of the
pullbacks are small.
The job market as improved across the
board for the last few months, so perhaps this is just a bit of a
breather.
We were pleased to note that government
job figures are starting to register the slight improvements we've been
seeing. Since we're on the ground every day working with the job market in
real time, we are confident that our data reflects the realities of the
market sooner than the government can.
Since most of the movement in the job
market sectors is slight, there are fewer story industries this month.
Here are a few industries to note:
Real Estate continues to be a
strong sector. We keep hearing that this industry should be slowing down
as the boom in refinancing cools. However, we simply are not seeing this
reflected be our data. We continue to see a lot of clients entering the
real estate job force, and they seem to enjoying considerable success
finding jobs. The refinancing boom might be over, but real estate firms
are still hiring.
In what is likely a related story, the
Trades/Construction industry sees a significant spike this month.
However, this is a very seasonal job market, and the typical winter
slowdown in hiring might be just on the horizon.
The Automotive job market is
down slightly as our clients report that the automakers are still shy
about making any significant new hires.
Business/Consulting, once one of
the strongest job markets in the country, continues it's long slide into
weakness. Our clients report that the "fad" for consulting and business
experts seems to be over, and layoffs are the only way that the industry
can make up for the business it is losing.
Education/Teaching remains
historically weak, despite the expected seasonal upswing as the fall
semester begins. Our clients, many of whom were laid off this year, are
reporting that it is very difficult to locate new positions.
The downright depression in the
Management/Executive job market continues.
And finally, the Social
Services/Counseling job market appears slightly weaker, perhaps
relating to the budgetary cuts by governments that we have been reporting
on for a few months now.
The above reporting is taken from
polled evidence and personal impressions, collected from the career
professionals at ResumeWriters.com.
ResumeWriters.com does not collect or share personal data
from it's clients. Information reported is of a macro, and not personal
nature.
Learn more about how we collect our data
here.
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