3 Good News Items for the Job Market

So what's hot in today's job market? Well if you follow the headlines, solar, manufacturing and entry-level careers are some of your best bets. We found 3 stories while surfing the internet last week that we wanted to highlight.

3 Million Manufacturing Jobs in the Next Decade

Over the next decade nearly 3 ½ million manufacturing jobs likely need to be filled. The skills gap is expected to result in 2 million of those jobs going unfilled, according to the Manufacturing Institute.

Check out this quick story from Texas about why more young people should consider a career in the next generation of manufacturing such as 3D printing.

Over the next decade, nearly three and a half million manufacturing jobs likely need to be filled and the skills gap is expected to result in 2 million of those jobs going unfilled.

There are two major contributing factors to the widening gap – baby boomer retirements and economic expansion. An estimated 2.7 million jobs are likely to be needed as a result of retirements of the existing workforce, while 700,000 jobs are likely to be created due to natural business growth.

In addition to retirements and economic expansion, other factors contribute to the shortage of skilled workforce, including loss of embedded knowledge due to movement of experienced workers, a negative image of the manufacturing industry among younger generations, lack of STEM (science, technology, engineering and mathematics) skills among workers, and a gradual decline of technical education programs in public
high schools.
— Manufacturing Institute

Sounds like we need to make manufacturing jobs cool again!

Solar Jobs Outpacing Oil Jobs

According to Indeed.com the job search engine, solar jobs are now outpacing oil jobs in their database.

Oil jobs currently make up the largest share of energy job postings on Indeed—50% to be precise. Solar makes up 39% and wind makes up 4%. So, despite the blows the oil industry has taken, non-renewables are still where the jobs are. But that could all change within the next year as employers in solar continue to post jobs. If oil job postings keep dropping at their current rate, solar could become the largest energy employer in several months. Over the past two years, oil has been shrinking by an average of -12.6% per quarter, compared to solar at an average of -1.7% per quarter. Using that average, by the fourth quarter of 2016, solar would surpass oil in number of postings.
— Indeed

Entry-level Jobs Abound

Employers are pledging more entry-level jobs. This article from the Milwaukee Journal-Sentinel has two data points that say more entry-level hiring is coming.

The National Association of Colleges and Employers, an organization that tracks college hiring, reported that U.S. employers expect to hire 5.2% more recent graduates this year than in 2015.

A survey by the Harris Poll for the job website CareerBuilder found that 67% of surveyed employers said they plan to hire new college grads this year. That is up two percentage points from last year, and the highest reported number since 2007. The poll also reported that 37% of companies plan to offer higher starting salaries than last year.
— MJS article

So there you have it. Three pieces of good news for today's job market. Happy hunting.

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