The current job climate shows job loss rates slowing, and some growth in manufacturing sector jobs. There is not much exciting news in the Service Sector however, according to MSNBC Business News. These jobs are directly influenced by consumer spending, which is slow to recover.
This sector is closely watched as it supplies 80% of the non-farm job opportunities. Wal-Mart has cut back and is using an outside company for some of its marketing services. In addition to the retail industry, others such as arts and entertainment, mining and transportation are still shrinking.
There is some indication, according to the Institute for Supply Management, that things will be better in the future. Utilities, information, wholesale trade and some of the small service sectors are starting to add jobs. On the whole, though, companies seem to be reluctant to add employees until the economy seems more stable.
In the meantime, temporary workers are filling in and supplying support for periodic increases in the workload. That means that many people will have a job but not necessarily benefits and not for the long term. According to an article in USA Today employers are concerned about what effect the possible future changes to taxes and healthcare will have on the overall costs to the company.
For those still looking for their next opportunity, temp jobs may be the next best thing for now. Keeping yourself in the workforce will keep you in the loop when more permanent positions open up. Some of these positions may be below your skill set, but can be the stepping stone to a better job in the future.
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