Article - 5 Job Sectors With the Most Layoffs
from http://finance.yahoo.com/news/5-jobs-with-the-most-layoffs.html
the following is excerpted from the article:
Here are the five industries that account for most claims, according to the most recent data.
Construction
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.
Manufacturing
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.
Retail trade
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?
Quoting Stevensmomma:
Its sad but dh went through a rough past three year with possible layoffs and pay increase freezes etc
What does he do? Is he working in one of these job sectors?
Yeah, I kept telling a friend of mine that the healthcare industry has been having increasingly higher amounts of layoffs, but she didn't believe me.
My husband is a it support person for HP. He has seen the effects of the recession hit the company hard. Thankfully he's still gainfully employed by the company.
Quoting Stevensmomma:
Quoting michiganmom116:
Quoting Stevensmomma:
Its sad but dh went through a rough past three year with possible layoffs and pay increase freezes etcWhat does he do? Is he working in one of these job sectors?
He is law enforcement
That is sad. Law enforcement and other community services that protect us should be the last thing to be cut.
Quoting michiganmom116:
Quoting Stevensmomma:
Quoting michiganmom116:
Quoting Stevensmomma:
Its sad but dh went through a rough past three year with possible layoffs and pay increase freezes etcWhat does he do? Is he working in one of these job sectors?
He is law enforcement
That is sad. Law enforcement and other community services that protect us should be the last thing to be cut.
It is and they were one of the first ones in oour town to get cut and go through all of this it has made life very hard for all of us
My dh works in manufacturing and over the last 12 yrs he has worked there he him self didn't get laid off but he has seen plenty of times the lay offs. It is scary. The last couple weeks have been really hard not knowing if they were going to have a lay off or not.
As far as my job there have been major cut backs in the schools and not rehiring positions. So far my department has not really been effected too much although if you get hired now there are no benefits, no sick or holiday pay. I always wonder since I have been there for 20 yrs if maybe one day they will tell me I don't have a job since I get sick & holiday pay and I am at the top of the pay scale.
What do you do from home to make money?
- michiganmom116
on Jun. 15, 2012 at 6:20 PM