Industries with the Most-est
Post by
Janet Sun | February 28th, 2009
With company layoffs announcements in the news every day, I decided to take a closer look into our jobs database, which at any time has around 200k postings, to see what industries are still hiring. Not surprisingly, there are healthcare jobs to be found - over 30k across the U.S. Right after healthcare is engineering, finance/banking, education and technology. Given how hard the Wall Street finance sector has been hit, one might not expect to see finance/banking ranking third, but smaller banks, insurance companies and some financial services companies are still looking for entry-level talent. Education is another bright spot with K-12 and universities looking for teachers, instructors and trainers.
I also compared industries by their relative competitiveness. The finance/banking sector, one area significantly impacted by bankruptcies and rescue mergers, has the highest applies per job, indicating many candidates chasing the positions that exist. On the other hand, healthcare with plenty of jobs is the least competitive, highlighting that there is still a tight labor market in that sector.
What we won’t know for a while is how President Obama’s stimulus package will impact certain industries (education, energy, healthcare etc.) and spur job growth. In the meantime, know that some of the industries that Gen Y is interested in are the same ones that are still hiring.
On a related note, we recently published a whitepaper entitled “Y Gen Y: Maintaining Access to Top Talent” to inform employers about the importance of the Gen Y generation to the future success of their business. Even in a downturn, it really does pay to think about the long-term. Watch the video, download the tips and share your advice with other employers.
Tags: education jobs, finance jobs, Gen Y, Gen Y industries, healthcare jobs, industries hiring
March 16th, 2009 at 11:20 am
The finance/banking student applications jumps out at me. I went to a small school in Virginia and it seemed like we could make investment bankers with the efficiency of a GE factory, but we did not produce creatives. I wonder what we can do to guide students to creative paths…
March 24th, 2009 at 5:21 pm
Ted,
Great comment, I completely agree. I think that incentives need to be shifted so that is more desirable to pursue a creative, expand the pie type of career. That said, the finance/banking segment does play a huge role in making access to capital available to businesses and entrepreneurs that need it. We just need to make sure that we strike the right balance between these different career paths.
Janet