While there are no guarantees even for occupations with an exceptional outlook, the odds should be in your favor. Also, investigate the job outlook for your current occupation when you are thinking about changing careers. One of the reasons to make a career change is a worsening job outlook. If employment opportunities are few and it looks like they will get even worse, it may be time to prepare to work in a different field.
While it is important to find out whether an occupation has a positive job outlook, this projection alone does not give you all the required information to know about your chances of finding future employment. Look at job prospects as well. The same economists who estimate employment growth also compare the number of job seekers with the number of job openings to determine job prospects.
Although the BLS may project employment in a particular occupation will grow much faster than average over the next 10 years, the number of available jobs may be few. One reason may be that some fields don't employ many people.
Even if economists expect high growth, it may not translate into a significant number of opportunities for those hoping to enter a field or industry. Another important thing to keep in mind is that, despite economists' ability to make educated predictions, job outlook and prospects can change unexpectedly. Employment growth can slow down, and it can speed up, due to the influence of a variety of factors.
For example, if more job candidates are available than there are job openings, it will be harder to find work. Likewise, when there are fewer qualified applicants, it will be easier to get hired. Additionally, a downturn or upturn in an industry will change the outlook. While looking at national data is an essential first step in researching the job outlook for an occupation, don't skip also investigating the forecasts for that occupation in the state in which you want to work.
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List of Partners vendors. Jobs growth is a figure measured by the Bureau of Labor Statistics BLS that tracks how many jobs are created in the country on a monthly basis. Jobs growth is often used as a measure of economic expansion and regarded as a litmus test for national economic vigor. Jobs growth figures are a core part of the BLS employment situation summary , which serves as a widely watched and reported economic indicator because of its headline figures on jobs growth and unemployment.
The jobs growth figure is expressed as the gross number of jobs created in the American economy in the previous month. Jobs growth data is reported in many places because it is a popular test of the nation's economic well-being: numbers exceeding , jobs added being seen as positive. Generally speaking, a , to , is seen as a minimum figure that is needed to keep economic growth thriving; this means there are new people entering the workforce all the time.
The more a jobs growth number exceeds this range, the better the perceived condition of the economy. Jobs growth numbers below the , to , range are seen as potential signs of a slowdown and negative jobs growth numbers tend to cause serious concern. A job growth figure between , and , new jobs per month is considered to be the minimum level of job growth needed to mitigate the effects of new entrants to the workforce.
That said, it is important to remember that jobs growth numbers in the employment situation summary have a wide margin of error. The jobs growth numbers for a particular month are revised over time and become more accurate once they are firmly in the past.
This means the current figure for a particular month can be off by over , Put another way, a negative jobs growth number could actually be a modest gain, as could a jobs growth number that clears the minimum growth range by , Although this level of inaccuracy is far from common, it does occur regularly enough to merit a degree of skepticism about jobs growth figures.
The Bureau of Labor Statistics compiles jobs growth data by sending out a survey and publishing the results every month. The employment situation summary containing jobs growth figures combines data from the BLS household survey tracking unemployment by demographic and the establishment survey that focuses on nonfarm employment by industry. More specialized medication like fluticasone had significantly less total prescriptions with Since the current rankings look at the U.
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