Jobs Created By The Recovery Act
The bad news is, well, it's a little tough out there if you are trying to find a full-time job. But the good news is, there are certain areas where new jobs are projected to be created through the $819 billion American Recovery and Reinvestment Act. What jobs are these jobs?
While the Recovery Act covers a wide spectrum of industries, there are some that will have more job growth than others. Here's an estimate of the breakdown, found in the analysis by Christina Romer and Jared Bernstein, who are advisors to President Obama's economic team. These figures gives us a good estimate as to where the bulk of the jobs may be found:
Mining 26,000
Construction 678,000
Manufacturing 408,000
Wholesale Trade 158,000
Retail Trade 604,000
Information 50,000
Financial Activities 214,000
Professional & Bus Svcs 345,000
Education & Health Svcs 240,000
Leisure & Hospitality 499,000
Other Services 99,000
Utilities 11,000
Government 244,000
Total 3,576,000
Many jobs found in the leisure and hospitality and retail trade industry will be created as workers stimulate the economy. Many of them will be lower-paid jobs.
Construction, with its wide variety of enjoys the largest job growth. Some construction workers may consider retraining to attain different skills, such as those needed for building roads or bridges. Over 300,000 jobs are expected to be directly created/saved in the energy industry. Look for jobs such as carpenters, construction managers, electricians, welders, and engineers.
Manufacturing is expected to have large growth. According to a report from the University of Massachusetts-Amherst's Political Economy Research Institute, jobs will be created in the fabricated metals, concrete and cement, glass/rubber/plastics, steel and wood products industries. Manufacturing jobs will be found in infrastructure and energy projects.
Other jobs that should be in demand will be accountants and auditors, nurses, information technologists and various computer related occupations, such as computer security specialists and software developers.
For more information about some of the jobs expected to be created over the next couple of years due to the money injected into the system from the recovery plan, a new book has been published which you can order from our website:
Where The Jobs Are: Recovery Plan Opportunities DVD - What are the jobs being created by the American Recovery and Reinvestment Act?
Great Jobs in the President's Stimulus Plan – Occupational expert Laurence Shatkin explains the stimulus plan and analyzes some of the opportunities that will be created from it.