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January 18, 2010

Where Will the Jobs Be?

Many economists think the recession is finally coming to an end and jobs will start to come back next year. But if true, this raises other questions such as "What kinds of jobs will be available?" and "What will they pay?" Can you give us any ideas?

Dr. Mike Walden, North Carolina Cooperative Extension economist in the College of Agriculture and Life Sciences at N.C. State University, responds:

"Well. I can give you some long-run ideas here ... because we just have a new report from the U.S. Department of Labor that projects job growth for the next decade. They update this report about every two years, and the new one is just fresh off the printing press.

"The good news is the U.S. Department of Labor says over the next decade 15 million new jobs will be created nationwide. That translates to about 400,000 to 450,000 here in North Carolina.

"Leading industries for job growth will be professional and business services, education, health care and, very interesting, construction. And specific occupations like nurses, health technicians, sales persons and, interestingly, college professors will be among the ... occupations with the biggest job openings.

"Now about one-third of these new jobs will require college degrees. One-third will need extensive on-the-job training beyond high school. And ... one-third will require little training; they will also get the lowest pay.

"So you are going to have a variety of jobs with a variety of pay scales. Again ... the message is, 'If you want to get a good-paying job, you have got to go and get some training beyond high school.'"

Posted by deeshore at January 18, 2010 08:00 AM