Looking at Career Trends A trend is a direction in which something is going. What affects those trends?
Unemployment What is unemployment rate? The percentage, or fraction, of unemployed people in the labor force looking for jobs. Labor force is all the people looking for jobs. If the rate is high, then the economy is not doing well.
The Demand for Goods &Services Goods are things you can see, touch, buy and sell. Such as: clothing, food items Services are types of work that a person does for others, usually for money. Such as: salespeople, doctors, hair stylistsEXAMPLE: New productsthat use the latesttechnologies are verypopular today –i.e. cell phones, plasma tvs
Recession vs. Depression A recession is a slowdown in the economy where unemployment occurs lasting 6 months or more A depression is a long, severe recession.
World Events World events can affect the production of goods and unemployment rates in the U.S.
Major Employment Trends More demand to produce services than to produce goods. Forexample: the greatest number of jobs will be in service occupations such as: Dental Assistants Insurance salespeople Fast-food workers Gas, Electric & Water workers
Major Employment Trends Technology is continuing to change the workplace Some of the fastest growing occupations today are computer related. Usually called Information Technology. Some examples: Emergency medical technicians Medical Records technicians
Workers need to be bettereducated. Lifetime Earnings by Education Level Less than… High School Some CollegeCollege Degree 0 2000000 4000000 Earnings in Millions of dollars