Favorable Job Forecast For 2011 Announced

Favorable Job Forecast For 2011 Announced


The headwinds for job seekers may begin to ease in 2011, at least that is what the online career site, CareerBuilder.com, is forecasting in their annual job forecast released this week. Career Builder says that more employers plan to add full-time, permanent employees in 2011 compared to 2010, giving hope to the unemployed as well as to people eager to make a switch.

“More than half of employers reported they are in a better financial position today than they were one year ago,” said Matt Ferguson, CEO of CareerBuilder.  “2011 will usher in a healthier employment picture as business leaders grow more confident in the economy.  Our survey indicates more jobs will be added in 2011 than 2010, but job creation will remain gradual.  The year will be characterized by steady, measured gains across various industries.”

New Hires

Career Builder reports that 24 percent of companies plan to hire full-time staff in 2011, which is up from 20 percent in 2010 and 14 percent in 2009, the year when the latest recession officially ended. Although economists have pegged June 2009 as the ending date for the recession, the recovery has been anemic with unemployment hovering around 10 percent in recent months.

Companies seek part-time staff will be in the hiring mood too. Career Builder says that 13 percent of companies plan to bring on part-time workers, an increase from 11 percent in 2010 and just 9 percent in 2009. Some 34 percent of companies plan to rely on contract workers which is an increase from the 30 percent in 2010 and 28 percent in 2009. Of those workers, about one-fourth can be expected to remain on the job for more than one year.

Company Hiring

Career Builder sees the most hiring taking place in the western United States and among companies of all sizes. Though small businesses are traditionally the chief hiring engines in this country, a number of larger businesses appear to be seeking to add staff too.

The top areas for job seekers in 2011 is forecasted as follows:

  1. Sales – 27 percent
  2. Information Technology – 26 percent
  3. Customer Service – 25 percent
  4. Engineering – 21 percent
  5. Technology – 19 percent
  6. Administrative – 17 percent
  7. Business Development – 17 percent
  8. Marketing – 17 percent
  9. Research/Development – 15 percent
  10. Accounting/Finance – 14 percent

Sales recruitment is an important sign as companies expect demand for their services to increase in 2011. Customer service increases for the year suggest that staff is needed to meet consumer demand for support. The other areas of growth seem to indicate that support staff is gearing up to meet the increased demand for business too.

See Also7 Steps to a New Job in 2011


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Categories: Career Planning

About Author

Matthew C. Keegan

Matt Keegan is a freelance writer and editor as well as publisher of "Matt's Musings", his personal blog. Matt covers campus, consumer, business and financial topics on various websites and blogs, and has been published in the "Houston Chronicle", "Sam's Club Magazine" and "Wisconsin Golfer".