Jobs Market: Underlying Concept
The arithmetic of the jobs market is regulated by demand and supply factors. Demand rises as the production units and service providers plan to expand their network of business. Technological changes and infrastructural expansion also contribute toward greater demand for jobs. However, the supply side is determined by the quantity of skilled population in the region. The jobs market is highly dynamic in the sense that new sectors emerge every year to ensure growing demand. The supply side has to attain new skills and competencies to meet the new demand. On the other hand, many existing sectors fold up or wither creating a cavity on the demand side.
Jobs Market: What Stats Say
The job markets in different regions of the world behave differently. As per the Bureau of Labor Statistics, total employment in the US
The federal agency identifies changes in consumer demand and technology as the most influencing factors in determining the employment rate. However, the Australian Bureau of Statistics reported a fall in the employment rate in 2009. The once-blooming
Financial Jobs Market Outlook
The financial sector saw bright job prospects, as the economic infrastructure strengthened worldwide with the phenomenon of globalization gaining momentum. Banking, lending, investment, stock market, real estate and insurance are among the leading sectors with job opportunities. As per the 2008-2009 Occupational Outlook Handbook issued by the US Bureau of Labor Statistics, the financial sector ranks at the fourth position in terms of employment opportunities. As per the federal agency, jobs in the financial sector will grow by 13.2% till 2016. As financial activities gain momentum, new job opportunities will emerge particularly in the real estate, insurance and investment segments.