An interesting piece in the Wall Street Journal discusses the likely permanent loss of jobs during the Great Recession of 2009. Obviously, fields closely related to the credit and housing bubbles at the root of the current recession – mortgage brokerages, financial industry, home building etc. – have shed jobs which may never return. Also, jobs in industries that can be automated by ongoing developments in IT – secretarial, mailroom, etc. – are also probably gone for good. Add to this mix, the increasing practice of offshoring tech-enabled jobs to emerging, low-cost labor markets like China and India and it becomes apparent that it may take years for the US to return to employment levels seen pre-recession in 2006.
What was the one bright spot according to the US Labor Department? Jobs in the healthcare field. Training for service in the healthcare field puts you at the forefront of the career market for the next decade. Congratulations!