Is the Job Market in USA showing Shrinking Trends

I have been reading several job market reports and several of them are creating the impression that the USA job market is shrinking based on statistics.

If you interpret the actual numbers reported using the Help-Wanted OnLine Data Series from the Conference board using Jan 2006 as the base - then the total online advertised jobs rose 7% in 2007 and 11% in 2008.

This statistic alone does not show that the market is shrinking - in fact it shows that the USA Job Market is actually growing.

One statistic that many are forgeting is that online ads are less expensive than the traditional printed ads in newspapers. To carefully analyse the USA Job Market trends one has to look at how many print advertisers have converted over to the less expensive online advertising.

It is interesting to note that in half of the states the number of able and available unemployed is larger than the available advertised jobs and the reverse in the other half of the states. Just the simple act of moving from a low jobs area to high jobs area can help a job seeker increase their chances of finding employment. Just so that you know Alaska has the highest ratio of advertised jobs relative to the states population. Do you like the snow??

The US Census Board also has some intersting statistics that show the ratio of USA High School and University graduates is actually declining. The 88% ratio was hit in the year 2000 and seems to be backsliding. In some areas the drop out rate is 25%.

Just finishing your high school will help you statistically in getting a job - two additional college years will help even more - and of course the four year college degree helps the most.

Many advertised jobs in high demand are also the highest paying occupations and require the highest education:

- Healthcare practitioners and technical workers (274,300) - $30 an hour
- management positions (232,300) - $44 an hour
- computer and quantitative skills related occupations (188,300)
- business and financial occupations (202,500)
- office and administrative support (200,700)

More later

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