OK, I don’t have much time tonight but this is a fascinating collection of data that Mike Mandel put together. You need to go to his post for an explanation of the data and his conclusion about what it all means for employment this year. It will challenge your negative thoughts.
I’ll digest a bit more and offer some thoughts this weekend but have at it for now.
| A Bizarre Labor Market | |||||
| Supply/Demand | yr/yr percentage change** | ||||
| Rate* | Want Ads | Employment | Unemployment | ||
| Healthcare practitioner and technical | 0.3 | 2% | -1% | 8% | |
| Computer and mathematical | 0.4 | 27% | -3% | 21% | |
| Life, physical, and social science | 0.8 | 40% | 4% | -3% | |
| Architecture and engineering | 1.0 | 47% | 1% | -18% | |
| Management | 1.4 | 56% | -3% | -5% | |
| Legal | 1.5 | -6% | 1% | -32% | |
| Business and financial operations | 2.1 | 6% | 2% | 10% | |
| Community and social services | 2.3 | 19% | -8% | 6% | |
| Arts, design, entertainment, sports, and media | 2.6 | 9% | -1% | 12% | |
| Healthcare support | 2.6 | 2% | 0% | 7% | |
| Sales and related | 3.5 | -2% | 2% | -1% | |
| Office and administrative support | 3.9 | 21% | 0% | 3% | |
| Installation, maintenance, and repair | 4.0 | 36% | 3% | 3% | |
| Education, training, and library | 4.3 | 22% | -1% | -7% | |
| Personal care and service | 5.5 | 8% | 5% | 14% | |
| Transportation and material moving | 7.4 | 61% | 2% | -2% | |
| Protective service | 8.0 | 34% | 1% | 36% | |
| Food preparation and serving | 9.2 | 26% | 2% | 6% | |
| Production | 10.8 | 59% | 10% | -6% | |
| Building and grounds cleaning and maintenance | 14.1 | 39% | -2% | 0% | |
| Farming, fishing and forestry | 28.4 | 38% | 2% | 52% | |
| Construction and extraction | 29.7 | 31% | -8% | -15% | |
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