Its Never Too Late to Learn

The Great Recession of 2008-2010 has destroyed alot of formerly good-paying jobs.  Many reports indicate that even once employment begins to pick up again, many of the lost jobs are not likely to return.  Either rendered obsolete by automation technology or outsourced to lower cost labor markets overseas, some gigs are gone the way of the Dodo.This may be for some of our readers, the very reason they took the prescient step of seeking retraining in a new field; one that will not meet with the same fate.  For those who may be considering striking out in this bold direction, the task may seem frightening.  “Am I too old to learn a new career skill?”  “How can I choose a new career when my whole adult life I have always been a <insert your lost job title here>?”Well, buck up.  Consider the story of Hazel Soares of San Leandro, CA who just graduated from Mills College at the ripe old age of 93!  Read her story here and then gather up the courage that surely resides in every member of the human race and get going on your new career in medical billing and coding!

Update: Non-Manufacturing Jobs Up

April 5 (Bloomberg) — Service industries expanded in March at the fastest pace since in more than three years, a sign the U.S. recovery is extending beyond manufacturing and starting to create jobs. The Institute for Supply Management’s index of non- manufacturing businesses, which make up almost 90 percent of the economy, rose to 55.4, the highest level since May 2006, from 53 in the prior month. Today’s figure exceeded all forecasts in a Bloomberg News survey. Readings above 50 signal expansion.This is good news.  Read the whole article here.

Jobs: Turning the Corner

They say employment figures are a “lagging indicator” which is stock market speak for measurements that we look back on for perspective.  That is, economic growth happens first, then employment picks up.  This makes logical sense because obviously, companies don’t start hiring before new business picks up.  But once new orders come rolling in for all manners of products and services, companies scramble to hire in order to accommodate the increasing demand.  This is why it is so heartening to see the following chart showing the employment figures over the last two years.  Follow me over the jump for analysis. Continue reading…