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Bob McMillanAn Opinion

By Bob McMillan
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Prospects for Job Growth

The unemployed statistics have not been good for the last two years. Currently, New York has around a 10.1 percent unemployment figure with the nation at 9.5 percent. And those statistics do not include many others who have run out of unemployment checks. The total number of unemployed Americans stands at more than 15 million.

 

Those statistics led me to do some research as to the areas where there can be future job growth. For those seeking employment there are several areas where there is and will be job growth. While some positions will require additional education, young people should focus on the positions I will now outline. In these areas, the future is bright.

One of the brightest areas is in healthcare – physicians, nurses and office support people for hospitals and the offices of physicians. Even before the passage of the new healthcare law, there will be a shortage of around 130 million doctors over the next ten years with that shortage expected to be over 170,000 as the new law kicks in.

As for nurses, the expectation is a shortage of over one million nurses over the same ten-year period. Within hospitals and the doctors’ offices, support staff will be more in demand as the details of the new healthcare roll out. Make no mistake – there will be more paperwork and computer details.

Still in the healthcare field there will be a tremendous demand for more staffing in the home care field as the baby boomers age and need that care.

Another area which will see increasing growth is in the field of accounting. It is anticipated that the next 10 years will see the need for some 280 thousand new accountants. The growth is directly related to new small businesses, the increase in corporate accountability requirements, and the changing financial laws and corporate governance. The paper will fly more than it has ever done in the past years.

There will also be a much greater demand for post-secondary teachers. More 18- to 24-year-olds will be going on to colleges and some form of education after finishing high school. If you examine, again, what I wrote above, you can see that some form of secondary education will be necessary for the jobs with the greatest growth.

One area where the secondary education might not be necessary, unless you want to be a chef, is in the restaurant businesses. With the population growth, it is expected that over 760 thousand new jobs will be created through the next 10 years. While not the highest paying positions, they will provide opportunities not now on the table.

While the employment statistics today are not very heart-warming, the future does brighten up in many areas of our economy.

Robert McMillan Website: www.bobmcmillan.net