Big companies added 67,000 jobs, mid-sized firms hired 39,000 new workers and small businesses filled 30,000 positions. “Businesses have turned more cautious in their hiring,” said Mark Zandi, chief economist of Moody’s Analytics. “Small businesses have become especially hesitant. If businesses pull back any further, unemployment will begin to rise.”
Job prospects for young men who only have a high school diploma are particularly bleak. They are even worse for those who have less education. When young men experience joblessness, it not only threatens their financial well-being but their overall well-being and physical health. Could a high quality and specialized technical education in high school make a difference?
For years, there have been arguments back and forth on which companies are the greatest job creators. The argument began with advocates for small businesses saying that small businesses were the engine of job creation. In recent years, others have argued that it’s not the size of the business that’s significant so much as the age of the business and that it’s young businesses that create most of the jobs.
As part of the CRN 2019 Best States to Start a Solution Provider Business analysis, we've ranked the states according to the overall education and experience levels of the pool of available workers. The analysis includes such data as the percent of people in each state over 25 with an advanced degree, technology industry job gains (2017 to 2018), and tech jobs as a percent of the total workforce.
In February 2018, Cybersecurity Ventures optimistically predicted that by the end of 2019, women will represent more than 20 percent of the global cybersecurity workforce. We’re now only a few months away from that prediction either coming true or falling flat. Also noteworthy is the fact that the cybersecurity field still yearns for experts to join the workforce, whether they are male or female.
The evolutionary process of “creative destruction” introduces new industries and new opportunities, but in its wake, less efficient industries and jobs are left behind. Even longstanding industries can struggle to keep up if they fail to innovate--just ask newspaper and magazine publishers who experienced the upheaval of one of the most disruptive technologies in history: the internet.
Changes to the H-1B visa program aim to improve and streamline the H-1B visa allocation process by cutting down the administrative burden of application processing, as well as tilt the selection process in favor of those applicants holding U.S. master’s degrees. Two other proposed policy changes could limit the job prospects for international students and bar spouses of H-1B visa holders from receiving work authorization in the U.S.
As automation and technology change the nature of work from physical to technical labor, as manufacturing jobs transition from physical assembly-line occupations to those tied to supporting automation and robotics, a strong STEM skill set will be of the utmost importance in the new economy.Unfortunately, this skill set is exactly what our workforce lacks at the moment. In recent years, the skills gap has received much attention, and rightfully so.
Technological change has been reshaping human life and work for centuries. The mechanization that began with the Industrial Revolution enabled dramatic improvements in human health, well-being, and quality of life—not only in the developed countries of the West, but increasingly throughout the world. At the same time, economic and social disruptions often accompanied those changes, with painful and lasting results for workers, their families, and communities. Along the way, valuable skills, industries, and ways of life were lost.