Economy.com: U.S. Employment Forecast

Moody’s Economy.com released a forecast for employment in the United States for the next few years, and USA Today has done a phenomenal job at packaging the data by state and industry in an interactive map.

There’s no other way to put this — in spite of the semi-cheery headline (“Jobs May Rebound in 2010”) the forecast is unrelentingly negative for this year. The only nationwide pockets of short-term job growth are government and education, with no private sector industry showing job growth for the year.

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Economics is notoriously inaccurate, but I think that every recruiter should check out this data for the their industry and geography and have a plan for if these numbers turn out to be true.

ERE Media, Inc. CEO David Manaster continues to learn about recruiting every day. His first job in the profession was way back in 1997, and he founded ERE Media the following year. Today, David spends his time thinking up new ways that ERE can serve the recruiting community. You can follow David on Twitter or email him at david(at)ere.net.

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3 Comments on “Economy.com: U.S. Employment Forecast

  1. I get the impression many people believe that after we get through “this,” things will go back to “normal,” except we’ll all be recruiting using SNAs a lot more. I don’t. I think we’re due for a major change in staffing employment toward what I call the “Professional Sports Model” where there are a relatively few very well paid world-class recruiters who provide exceptional quality, high value-add services, with most of the rest of recruiting work being eliminated, automated, or outsourced for relatively (or very) low costs. I hope I’m wrong, because it’s been a pretty good run these past 15 years…..

    Keith

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