LOS ANGELES, Aug. 30 CA-IBISWorld-Outlook
LOS ANGELES, Aug. 30 /PRNewswire/ -- This Labor Day, as employment falls
an average 66,000 jobs per month and unemployment is expected to rise to six
percent by year's end, many people are wondering, "Where's the money?"
IBISWorld, one of the nation's most respected independent publishers of
business intelligence research, takes a look at the latest U.S. employment
trends, including the top performers, wealthiest regions and highest wage
growth:
Surviving the Slump
While construction and manufacturing industries are shedding jobs, other
sectors remain unscathed this year when it comes to performance and
employment:
-- Health Care - With a growing trend in home health care and an
increasing demand from an aging population, this sector added 368,000 jobs in
the past year alone
-- Mining - adding 222,000 jobs in the past five years, this sector is
largely on the back boom in demand from developing nations such as China,
India, Russia and Brazil
Golden States
For some people, fattening their paychecks may be as simple as relocating
to one of the top-five regions with the highest average annual wage:
1. District of Columbia - $64,150
2. Massachusetts - $49,070
3. Connecticut - $47,680
4. New York - $47,610
5. New Jersey - $47,100
Winning Wages
According to IBISWorld, the industry to outpace all others in terms of
average annualized growth in wages is Voice Over Internet Protocol Providers
(VoIP); set to hit 21.8 percent by 2012. Although VoIP is 16 percent ahead of
its nearest competitors, other industries are likely to see an impressive wage
growth as well:
-- Technical and Trade Schools; Test Development and Educational Support
Services; and Live Music, Events and Sports Entertainment Promotions - all
tied with 5.7 percent
-- Fashion Design Services - 5.6 percent
-- Social Advocacy Organizations - 5.1 percent
-- Laboratory Testing Services - 5 percent
IBISWorld also expects to see strong job growth in physical therapy,
interior design, retirement communities, ambulance services, IT support,
customer relationship management and business process services.
About IBISWorld, Inc.
Recognized as the nation's most trusted independent source of industry and
market research, IBISWorld offers a comprehensive database of unique
information and analysis on every U.S. industry. With an extensive online
portfolio, valued for its depth and scope, the company equips clients with the
insight necessary to make better business decisions. Headquartered in Los
Angeles, IBISWorld serves a range of business, professional service and
government organizations through more than 10 locations worldwide. For more
information visit www.ibisworld.com or call 1-800-330-3772.
SOURCE IBISWorld
