Article - 5 Job Sectors With the Most Layoffs
the following is excerpted from the article:
Here are the five industries that account for most claims, according to the most recent data.
13.6% of all unemployment benefit recipients
Since last year, new home sales have treaded near 51-year lows. Construction shows some signs of life, but housing starts are about a third of where they should be in a healthy housing market, according to the National Association of Home Builders. Employment remains choppy: The number of payroll jobs in construction rose slightly during the first two months of the year, but has been dropping since then, according to data from the Bureau of Labor Statistics.
Administration and support
12.2% of all unemployment benefit recipients
Prior to the recession, when executives were promoted to management-level positions they also received their own administrative assistant or secretary. That came to an end around 2009, says Susan Fenner, manager of education at the International Association of Administrative Professionals. Since then, administrative assistants have been working for multiple executives and in some cases entire departments, she says. The industry has also been prone to layoffs: Roughly 46% of administrative professionals said the number of people in their profession at their company declined in the past three years, according to a 2011 survey (the most recent) by the IAAP. Only 14% said it increased.
9.7% of all unemployment benefit recipients
In April, manufacturing accounted for 19% of mass layoffs, with the most extensive layoffs in food and transportation equipment. Experts say the food sector is impacted by high turnover while transportation equipment manufacturing jobs tend to be cyclical. And despite increases in car sales, hiring remains way off pre-recession levels, says Alec Gutierrez, senior market analyst at Automotive Insights. “You’ll see a few hundred workers hired here or there but it doesn’t look as though an influx in hiring will happen anytime soon,” he says.
8.6% of all unemployment benefit recipients
Despite a rise in consumer spending, this year major retail chains like Abercrombie & Fitch, Best Buy and Sears, announced plans to shut down more stores. Store closures lead to layoffs, and that leads to a spike in claims, says Baker. Since the recession retailers have sought ways to hire fewer salespeople while maintaining satisfactory customer service, says Brian Sozzi, a retail analyst. One strategy: hiring part timers to be on the sales floors during hours when customer traffic peaks, he says.
Healthcare and social assistance
8.2% of all unemployment benefit recipients
Healthcare would seem to be more recession proof than some of the other industries cited here, but the sector accounts for a growing percentage of total unemployment.
Are you or your DH/SO employed in any of these areas? Have you experienced or seen evidence of these continuing layoffs?