Sunday, May 23, 2010

Some Jobs are Gone Forever

Some U.S. jobs aren't coming back by The Wall Street Journal reports that some jobs may not come back even as the economy recovers. Jobs lost and not returning are occuring in the following fields:
  1. Contruction
  2. Financial sector
  3. Publishing
  4. Office administration
In the first two cases, the economic boom made both these fields much larger than normal. With the great recession, the number of jobs declined significantly and will not likely return to boom times. Job in the last two fields are declining to due technology, which has increased productivity and reduced the number of people needed.

Unfortunately, it seems this situation will contribute to a continued jobless economic recovery, requiring some workers to get retraining before rejoining the workforce.

For more on New Beginnings, check back every Sunday for a new segment.

This is not financial, career or job advice. Please consult a professional advisor.

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