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Understand changing labor force demographics, emerging industries, and job growth projections. Explore the impact of unemployment rate fluctuations and evolving hiring practices.
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Diversity in Hiring Practices An Overview of Current Labor Market Conditions March 29, 2011 Dr. Norm Cloutier Professor of Economics Director, UW-P Center for Economic Education
Changing Labor Force Demographics, 2008-2018 % of the Labor Force
Top 10 Industries with Largest Projected Employment Growth, 2008-2018 In thousands
Occupational Projections, 2008-2018:Growth in Jobs Requiring a Bachelors Degree In thousands
We Have Turned the Corner (??) 2010 Q4= 3.1%
Unemployment:U3 and <HS Education February 201113.9% 8.9%
Job Loss as Percentage of Employment Peak Lost > 500,000 jobs per month, Oct 2008 thru Apr 2009 Feb 2010 8.76 mil jobs lost
Since Late-Oct 2009 Initial Unemployment Claims Have Been Declining
Expanded Definitions of Unemployment Have Leveled Off February 2011 15.9%
… Though the Average Length of Unemployment Has Continued to Rise