Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
Future hiring will mainly benefit the high-skilled
In this Aug 25, 2010 photograph, Clifford Iglodan, top, receives advice on his resume while attending a job fair in Southfield, Mich. (Photo: AP)
Business, Financials
AP  
September 7, 2010

Future hiring will mainly benefit the high-skilled

NEW YORK, United States — American workers faced a sobering reality as they celebrated the US holiday of Labour Day at a time of high unemployment, scant hiring and a widespread loss of job security: economists foresee fewer moderately paid factory supervisors, postal workers and office administrators.

Not until 2014 or later is the United States expected to have regained all, or nearly all, the 8.4 million jobs lost to the recession. Millions of lost jobs in real estate, for example, aren’t likely to be restored this decade, if ever.

On Friday, the government said the August unemployment rate ticked up to 9.6 per cent. Not enough jobs were created to absorb the growing number of people seeking work. The unemployment rate has exceeded nine per cent for 16 months, the longest such stretch in nearly 30 years.

The crisis poses a threat to President Barack Obama and Democrats in Congress, whose hold on the House of Representatives and Senate appears to be at increasing risk because of voter discontent.

Even when the job market picks up, many people will be left behind. The threat stems, in part, from the economy’s continuing shift from one driven by manufacturing to one fueled by service industries.

Pay for future service-sector jobs will tend to vary from very high to very low. At the same time, the number of middle-income service-sector jobs will shrink, according to government projections. Any job that can be automated or outsourced overseas is likely to continue to decline.

The service sector’s growth could also magnify the nation’s income inequality, with more people either affluent or financially squeezed. The US isn’t educating enough people for the higher-skilled service-sector jobs of the future, economists warn.

“There will be jobs,” says Lawrence Katz, a Harvard economist. “The big question is what they are going to pay, and what kind of lives they will allow people to lead? This will be a big issue for how broad a middle class we are going to have.”

On one point there’s broad agreement: Of 8 million-plus jobs lost to the recession — in fields like manufacturing, real estate and financial services — many, perhaps most, aren’t coming back.

In their place will be jobs in health care, information technology and statistical analysis. Some of the new positions will require complex skills or higher education. Others won’t — but they won’t pay very much, either.

“Our occupational structure is really becoming bifurcated,” says Richard Florida, a professor at University of Toronto. “We’re becoming more of a divided nation by the work we do.”

By 2018, the government forecasts a net total of 15.3 million new jobs. If that proves true, unemployment would drop far closer to a historical norm of five per cent.

Nearly all the new jobs will be in the service sector, the Labor Department says. The nation’s 78 million baby boomers will need more health care services as they age, for example. Demand for medical jobs will rise. And innovations in high technology and alternative energy are likely to spur growth in occupations that don’t yet exist.

Hiring can’t come fast enough for the 14.9 million unemployed Americans. Counting part-time employees who would prefer full-time jobs, plus out-of-work people who have stopped looking for jobs, the number of “underemployed” is 26.2 million.

Manufacturing has shed two million jobs since the recession began. Construction has lost 1.9 million, financial services 651,000.

But the biggest factor has been the bust in real estate. The vanished jobs range from construction workers and furniture makers to loan officers, appraisers and material suppliers. Moody’s Analytics estimates the total number of housing-related jobs lost at 2.4 million. When you include commercial real estate, the number is far higher.

On top of real estate-related job losses, manufacturing is likely to keep shedding jobs, sending lower-skilled work overseas. Millions who worked in those fields will need to find jobs in higher-skilled or lower-paying occupations.

“The big fear is the country is simply not preparing workers for the kind of skills that the country is going to need,” says Gautam Godhwani, CEO of SimplyHired.com, which tracks job listings.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Scholarship announced in honour of late Miss Jamaica Universe Contestant LaToya Malcolm
Latest News, News
Scholarship announced in honour of late Miss Jamaica Universe Contestant LaToya Malcolm
August 22, 2026
Member of Parliament and Minister of State in the Ministry of Industry, Investment and Commerce Delano Seiveright has announced the LaToya Malcolm Sch...
{"jamaica-observer":"Jamaica Observer"}
Centenarian Rattray celebrates 100th birthday
Latest News, News
Centenarian Rattray celebrates 100th birthday
BY HOWARD CAMPBELL 
August 22, 2026
At 100 years old, Joyce Rattray still has vivid memories of living in Greenwich Town, the seafaring community along Spanish Town Road in Kingston. It ...
{"jamaica-observer":"Jamaica Observer"}
Madscope Targets the money with ‘Stack Paper’
Entertainment, Latest News
Madscope Targets the money with ‘Stack Paper’
August 22, 2026
Dancehall newcomer Madscope is turning hustle into momentum with his get-money anthem Stack Paper , which has been generating a growing buzz across th...
{"jamaica-observer":"Jamaica Observer"}
Jamaica’s Lloyd Barker to be inducted in CF Montreal Wall of Fame
Latest News, Sports
Jamaica’s Lloyd Barker to be inducted in CF Montreal Wall of Fame
August 22, 2026
KINGSTON, Jamaica — Jamaican-born and former Harbour View FC player Lloyd Barker will be inducted into the Wall of Fame of Canadian club CF Montreal o...
{"jamaica-observer":"Jamaica Observer"}
Spurs battered by Brentford
Latest News, Sports
Spurs battered by Brentford
August 22, 2026
LONDON, United Kingdom (AFP) —Big-spending Tottenham found money can't buy instant success as they slumped to a woeful 3-0 defeat at Brentford in thei...
{"jamaica-observer":"Jamaica Observer"}
Beckford second in Diamond League in Poland
Latest News, Sports
Beckford second in Diamond League in Poland
August 22, 2026
KINGSTON, Jamaica — Commonwealth Games champion Romaine Beckford placed second in the men’s high jump on the first day of the two-day Wanda Diamond Le...
{"jamaica-observer":"Jamaica Observer"}
JCF cautions motorists about vehicle cloning risk
Latest News, News
JCF cautions motorists about vehicle cloning risk
August 22, 2026
KINGSTON, Jamaica — Motorists are being urged to thoroughly inspect their vehicles after they have been left unattended at various locations for exten...
{"jamaica-observer":"Jamaica Observer"}
Final of Kingston Open ATP to be contested today
Latest News, Sports
Final of Kingston Open ATP to be contested today
August 22, 2026
KINGSTON, Jamaica — Number one seed Valentin Royer of France advanced to the final of the Kingston Open ATP Lawn Tennis Challenger in Kingston, turnin...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct