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2014 Review: Recovery from
The recent report issued by the New Hampshire Department of Employment Security and the Bureau of Economic and Labor Market Information is a very detailed and informative analysis of the post-recovery economy in New Hampshire.
In addition to focusing on the economic health of our country as a citizen, I am also curious about the impact of the report on practitioners of all New Hampshire workers. I have read the report and tried to find some useful indicators to determine the current and future state of career development opportunities in the country's work. Next is my career related content. from
2014 Review: Recovery from
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Several labor market-related indicators are used to observe the economic health of New Hampshire. I think the information that can be used to get the job information is unemployment and current employment statistics, super jobs [wide employment - industry categories], average hourly income, business employment dynamics and population. Taken together, you can see a country with a career prospect for many people, but in a limited industry, and a long-term model of slow economic growth.
News flashes! The unemployment rate rose during the Great Depression! So where are we now? The seasonally adjusted New Hampshire unemployment rate was 3.9% in March, ranking eighth in the country. We have the lowest ratio of Vermont to New England. Nationally, the ratio in March was 5.5%. According to statistics, the quintessence of eight does not sound too bad. Interestingly, the "Help Wanted" logo reappears in the statewide business window.
This sounds like good news, but if we dig deeper into the data, we will see some sober facts. The shrinking workforce in New Hampshire seems to be affecting unemployment. As an aging state, we are experiencing a trend toward a decrease in the number of people involved in the work. This fact, combined with low immigration rates and limited entrepreneurial expansion, has led to slow economic growth. Make sure there are some highlights, such as in advanced manufacturing, but this has not translated into changing the rules of the game.
When observing employment through Supersector, we saw four of the most powerful recruitment categories being trade, transportation and utilities; education and health services; professional and business services; and leisure and hospitality. Recruiting laggards include manufacturing and construction. When we examine the income of these supermarkets, education and health services, as well as trade, transportation and utilities, have increased. Manufacturing and professional/commercial services sectors have reduced their wages. Leisure and hospitality remain stable.
Observing current recruitment in the context of short-term economic and demographic trends, including stable or declining population growth, low immigration levels, small pensions for retirees, and sixth-ranking income among families across the country, telling me that recruitment tends to be less likely Great changes have taken place. If you plan to live in New Hampshire for a while, plan your career accordingly. We do not have an economic environment that is significantly attractive to many skilled workers in other countries or countries. Therefore, employment competition is likely to come from other NH residents.
All in all, all of this news may indicate that carers are ageing, sometimes in certain types of retail and niche services, taking into account the demographic capacity of the population, financial management and wealth preservation aspirations, leisure and hospitality needs, of course Health care needs should be considered. In addition, the recruitment of professional and commercial services has recovered well from the recession. New Hampshire companies still require accountants, HR professionals, operations managers and technicians, as well as many other business services professionals. Career areas of concern include those that feel the pressure of an aging population, such as public school teachers and construction workers facing declining registrations, which are under pressure to reduce building expansion.
An encouraging shift is the level of entrepreneurship. More creativity and risk-taking for individuals who are willing to improve the lives of New Hampshire residents may improve our standard of living while promoting economic growth. There is now a career choice.
Orignal From: Career status in New Hampshire
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