The economy has been skidding and losing more jobs each month, but the $787 billion American Recovery and Reinvestment Act is designed to create jobs and eventually turn unemployment on its ugly head. The impact on employment will take some time because the exact allocation of these funds still needs to be determined, and the millions of jobs the plan is said to create will be spread over a couple of years. It took years of mistakes to get us into this mess, and we can't expect automatic miracles.
The Wall Street Journal spoke to Joanie Ruge from New York based staffing firm Adecco North America, and asked her to predict which industries will benefit most from the stimulus. She highlighted manufacturing, construction, engineering, information technology, and health care, as industries that would see job growth across all skill levels. She explained the widespread job growth like this: "Even the infrastructure jobs will create opportunities for all skill sets. For example, in construction, workers will be needed to build bridges, but engineers will also be needed to design them and project managers to oversee those projects."
To see what industries economists predict will gain jobs from the stimulus, read more.
Going along with the example given by the staffing expert, economists believe infrastructure projects will overlap and provide new jobs with other industries such as the green sector, medical information technology, education, energy and utilities, and of course, the federal government. Consider making yourself more marketable for jobs in some of these sectors by taking a class at your local community college, reading up on trade magazines, and possibly temping at a related company to learn new skills.
Hanky Panky
Givenchy
S***r
With the optimistic look forward that people in those industries can now see some sort of job security, there should be a trickle-down effect that could positively effectuate discretionary spending. I, and many, are still are cash-flow positive with our day-jobs, we worry about the economy, job-security, equity holdings, house and 401(k). And because of this we refuse to spend money on luxuries even though we dang well know we can afford it.
1Good to know.
2They're talking about building a high-speed railway in Wisconsin to stimulate the economy, which would be extremely awesome. It would really help a lot of people out because there are a lot of people who have really long commutes to work and there is no mass transit to speak of. My husband's company would probably get some of the contracted work, which would be really nice.
3im glad there are gonna be more jobs provided for electricians. my boyfriend went to school for it and its been 2yrs since he had a electrician job. and all those green jobs will def benefit everyone
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