Archive for the ‘Employment’ Category

Outlook for the Global Economy Past 2012

Almost all countries globally are experiencing bad effects from the global economic crisis. We’ve all witnessed how the whole world struggled with both the political and economic mayhem brought about. Over the past year, the economic developments have been interrupted by natural disasters such as the Tsunamis in Japan, revolts in the Middle East, and the Euro-zone debt. All these and many more factors have contributed to the slowdown in the improvement of the economy, as prices of commodities remain unpredictable and supply pathways have been disrupted. Looking forward to the end of 2012 and beyond, prospects for the global economy aren’t looking much better. Although the outlook is clear, the global economy still probably faces a very rocky road to recovery.

Despite the slowdown in the economy in the previous year, the past few months of 2012 have shown some positive results. However, there is still a heightened risk of downturn. One of the biggest threats to the economy is the European-sovereign debt. Over the next decade, it is expected that the global growth will slow down to an average of 3% annually. For 2012, the expected global economy growth is 3.5% and it is also expected to increase to 3.6% from 2013 to 2016.

Latest Job Gains- Healthcare, Transportation

With the Bureau of Labor Statistics releasing latest figures showing unemployment at a two-year low, long term job seekers may be left wondering just what they’re doing wrong. For those in the finance or local government sectors, this positive change may have been easy to miss. In reality, the employment upswing is due to steady growth in key areas such as transportation, healthcare and mining. Other growth areas include retail and manufacturing, not surprising considering that the data was taken from the month of December, a time of year notorious for Christmas shopping and post-holiday sales.

Of all the aforementioned sectors, transportation and healthcare remain the most consistently reliable, with steady growth projected though 2016. Bus driving positions, for example, are due to rise by an average 7% within the next few years and their average annual salary remains steady at $37,060. Healthcare is faring even better, with projected growth of 18%, and as one example, an average salary of $64,900 for diagnostic sonographers in the US.

You can also read the full report now on the Bureau of Labor Statistics website.