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.
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.
3 comments
rss | trackback
Dismal Science : ERE.net Feb 17, 2009 at 12:01 pm
[...] It’s not news to ERE readers that recruiting is a cyclical business, and that times are tough. [...]
Frank Viarra Feb 17, 2009 at 1:48 pm
I wholeheartedly agree and am grateful for this article.
Keith Halperin Feb 18, 2009 at 4:59 pm
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