More than 2 million people could lose their jobs before the U.S. economy recovers.
With the news of almost a quarter-million lost jobs in the first quarter alone,
economists are now predicting continued bad times ahead, with job losses trailing
even after the economy recovers. Some expect the unemployment rate to hit
around 6 percent before things get better.
Industries that seem in decent shape -- that may even see job growth over the next year --
include healthcare, education, environmental sciences, and security. Even with rhetoric about
smaller government, governmental bodies have added many, many jobs over the last year -- and
many expect that trend to continue.
Industries that are hurting -- and will continue to hurt and lose more jobs -- include construction, real
estate, financial and banking, and manufacturing. Hospitality and retail are also weak and could
see more job losses.
Your options are to continue to do all you can to make yourself a valued and productive
member of your employer's team while building your personal brand and keeping in constant
touch with your network about other opportunities. If you have career interests than the one you are in,
especially if it is in one of the growth fields, consider making a gradual career change to
get more fulfillment -- and more job security.
