Listen up, fellow YP-ers ... there's a new reason for hugging your boss today and also creating a realistic back-up plan in case the unfortunate happens. According to economists from Rutgers University, the U.S. might not regain pre-recession job levels until 2017. (check out news report here)
The recession hit in December '07 and since that time, more than seven million jobs have been cut. So, while the economy may be improving, and the Dept. of Labor projects expansions in fields such as healthcare, financial planning and technology, the growth rate of these new jobs shows that we will be facing high unemployment rates for up to eight years. That means your position is and will remain in high demand for up to seven or eight years.
I'm simply trying to offer a reality check of your place in the equation.
On the flip side -- to leave on a positive note -- as the years pass by, the projected job outlook means that there will be more opportunities for you to continue moving up the ranks. Remember, with the baby boomer generation also retiring, the younger workforce will be filling that void. Just make sure to equip yourself with the right tools so you're always the best candidate for these new opportunities.
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