Posted by: Michael Mandel on February 09
As the job market decays, I’ve been pointing out that some industries have continued to do well. Now let’s take a slightly different cut—looking at occupations rather than industries.
Look at the table below, which reports on the year over year change for 22 large occupational classes. Obviously the healthcare-related occupations have done well, and so have the education-related occupations. (gains in personal care and service occupations are unanticipated, but may include some healthcare industry jobs).
It should be no surprise, too, that production occupations—mostly manufacturing—and construction occupations are plunging. So are architectural and engineering occupations, and sales.
But it’s interesting to see that management occupations are still up, while business and financial operations are close to flat, despite the problems in the financial sector.
Distressingly, there seems to be a lot of downside in certain professional occupations. Employment in computer and mathematical occupations is down, as is the number of biological, physical, and social scientists. And alas, employment in the classification “arts, design, entertainment, sports, and media occupations” is down by 5.4% over the past year.
|OCCUPATIONS IN DEMAND|
|percent||change in thousand|
|Healthcare support .||10.4%||318|
|Personal care and service||4.5%||205|
|Education, training, and library||2.3%||194|
|Healthcare practitioner and technical||2.2%||166|
|Community and social services||1.6%||37|
|Building and grounds cleaning and maintenance||-0.2%||-10|
|Food preparation and serving||-0.2%||-16|
|Business and financial operations||-0.3%||-16|
|Installation, maintenance, and repair||-0.4%||-23|
|Life, physical, and social science||-1.2%||-16|
|Transportation and material moving||-3.5%||-305|
|Computer and mathematical||-4.5%||-163|
|Sales and related||-4.9%||-821|
|Arts, design, entertainment, sports, and media||-5.4%||-149|
|Architecture and engineering||-5.4%||-154|
|Office and administrative support||-6.0%||-1173|
|Farming, fishing, and forestry||-8.8%||-80|
|Construction and extraction||-14.2%||-1266|
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.