7 Sectors Most Likely To Gain Jobs By 2015 - News and Current Events | futures io social day trading
futures io futures trading


7 Sectors Most Likely To Gain Jobs By 2015
Updated: Views / Replies:388 / 0
Created: by Quick Summary Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

7 Sectors Most Likely To Gain Jobs By 2015

  #1 (permalink)
Quick Summary
7 Sectors Most Likely To Gain Jobs By 2015

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).




By EconMatters



The job market is terrible, and the situation isnít getting any better. The U.S. national unemployment rate is stagnant at 9.1% in September, and the jobs picture across America at state level didn't change much either, according to the Bureau of Labor Statistics. .



Bloomberg lamented "Unemployment has exceeded 8 percent since February 2009, the longest stretch of such elevated joblessness since monthly records began in 1948." NPR quoted the Economic Policy Institute that the country needs to add at least 100,000 jobs a month just to keep up with population growth and drive down the national unemployment rate. So far, new job adds by domestic companies have fallen far short of that benchmark.



Meanwhile, according to another report by Challenger, Gray & Christmas Inc., employers announced the most job cuts in more than two years in September, led by planned reductions at Bank of America Corp. and in the military, and by the Armyís five-year troop reduction plan.



So where will the new jobs be coming from? A new analysis by the Boston Consulting Group (BCG) finds that U.S. could gain 2 to 3 million jobs and an estimated $100 billion in output in seven industry clusters via a U.S. manufacturing renaissance starting by around 2015. These seven sectors include the follow:

  • Transportation goods
  • Electrical equipment/appliances
  • Furniture
  • Plastics and rubber products
  • Machinery
  • Fabricated metal products,
  • Computers/electronics.
The job gains would come directly through added factory work and indirectly through supporting services, such as construction, transportation, and retail.. According to BCG, year 2015 is the time frame when Chinaís shrinking cost advantage should prompt companies to rethink and shift production back from China or choose to locate new investments in the U.S. The U.S. is also expected to become a more competitive export base in these sectors for Europe and Canada.



According to the BCG,
"Together, these seven industry groups sectors account for about $2 trillion in U.S. consumption per year and about 70 percent of U.S. imports from China, valued at nearly $200 billion in 2009. This U.S. manufacturing renaissance not only could add $100 billion in output to the U.S. economy, but also could lower the U.S. non-oil trade deficit by 20 to 35 percent."

EconMatters' take is that there are indeed some indications that insourcing is gaining popularity, particularly in the IT related job functions, mostly due to logistic and quality control issues, but by the same token, outsourcing is not going away any time soon as the U.S. has long lost its manufacturing base and evolved into a service and technology oriented economy. Without some major shift of the nation's economic structure, and revamp in the U.S. tax and policy system, it would be difficult for the U.S. to out-compete countries other than China in the manufacturing goods producing sectors. .



Furthermore, regardless whether the manufacturing renaissance occurs or not, fundamentally, the U.S. economy would have to grow around 4-5% range to have a significant impact on the unemployment rate. Based on the recent economic data, the overall U.S. economy should improve by mid 2015, and unemployment rate could go down to perhaps below 8% range, if no new crisis strikes. However, it remains to be seen if the BCG prediction--2 to 3 million manufacturing related jobs by 2015--would come to pass.



Before the end of the economic tunnel, for those pounding the job hunting pavement each day, keep your chin up and take a weekend break with this infographic.



Further Reading:

How To Land A Tech Job at Apple, Google and Facebook

Top 10 Recession-Proof Jobs

BookMatters Career & Job Hunting



© EconMatters All Rights Reserved | Facebook | Twitter | Post Alert | Kindle



Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


More on ZeroHedge...

Reply to share your thoughts on this current event.


Reply



futures io > > > > 7 Sectors Most Likely To Gain Jobs By 2015

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Order logic for Gain mainstream Currency Futures 0 December 21st, 2010 05:08 PM
Profit Target as Percent Gain ascr EasyLanguage Programming 4 November 17th, 2010 05:33 PM
US Efforts on Currency Gain Little Support From IMF Quick Summary News and Current Events 0 October 9th, 2010 01:00 PM
Opinion on GAIN Zoethecus Reviews of Brokers and Data Feeds 5 August 25th, 2010 05:41 PM
NFA investigates against GAIN Capital / Forex.com Mftkn Reviews of Brokers and Data Feeds 4 July 1st, 2010 07:57 PM


All times are GMT -4. The time now is 03:02 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.07 seconds with 19 queries on phoenix via your IP 54.163.209.109