The job market has been gradually improving over the past six months, and the forecast for 2015 is expected to be even better.
After several years of consecutive job losses, things finally started turning around this year. There has been gradual growth in most industries, including retail and technology. In the technology field, there is a steady stream of jobs offering good starting salaries. The highest paying jobs are still in Silicon Valley; however Austin and New York are slowly catching up. One of the main reasons jobs in the tech field are growing, is due to the growing number of tech startups launched over the past two years. Although large tech companies like Google and Microsoft account for a moderate percentage of news jobs, over fifty percent of new tech jobs today are being created by small start up companies.
The pay at smaller companies is not as high as the starting pay at large tech corporations, but the smaller companies offer better perks and quicker opportunities for advancement. This is why small startups are attracting employees away from companies like Hewlett Packard and Twitter. The job growth at smaller companies is expected to increase by 25% next year. So if you have a technology degree or technology experience, early 2015 should be a good time for you to start searching for a new job.
The retail sector is also experiencing gradual job growth. During the recent economic depression that began back in 2008, the retail industry lost a large number of jobs. Not hundreds, but thousands. The biggest job losses were at high end retail chains like Nordstrom and Ralph Lauren. I guess during those hard economic times people realized that they didn’t need a $500 pair of shoes or a $700 handbag. On the other hand, dollar store chains like Dollar General and Dollar Tree have done pretty well during the recession. For 2015, job growth at dollar store chains is expected to increase by 35%, which will include hundreds of new management positions. At high end stores there will be moderate job growth in 2015, and a large percentage of these jobs will be for personal stylists, visual display specialists, and fashion buyers.
In addition to the retail and technology sectors, jobs are also growing in the construction industry. It has been a long time since there has been a positive report about construction jobs, which is great news for unemployed construction workers. During the first half of 2014 there has been a 14% increase in new jobs, and in 2015 an additional 22% increase is forecasted. The type of constructions jobs that are expected to be in demand are carpenters, project managers, brick layers, and electrical engineers. Three of the best cities for construction job opportunities are Washington D. C., Atlanta, and Silicon Valley.