CNBC Predictions for 2009 - Job Market

9. Entrepreneurial Spirit

With more MBA's than ever all dressed up with nowhere to go, we could well see a substantial upswing in the numbers of individuals going it alone in 2009. Expect venture capital firms (and maybe even banks, once the credit markets thaw) to be inundated with requests to fund the next big thing. And maybe, just maybe, the next big thing might just arrive.

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Where are the jobs in US?

The figures from todays job numbers by sector are as below:

Total change in non-farm payroll = - 240,000

* Private Sector = - 263,000
o Natural Resources & Mining = + 7,000
o Construction = - 49,000
o Manufacturing = - 90,000
+ Durable goods = - 75,000
+ Non-durable goods = - 15,000
o Services = - 131,000
+ Wholesale Trade = - 21,500
+ Retail Trade = - 38,100
+ Transportation = - 9,200
+ Utilities = + 1,800
+ Information & Media = Unchanged
+ Financial Svcs & Real Estate = - 24,000
+ Professional & Business Svcs = - 45,000
+ Education = - 11,200
+ Health Svcs = + 31,900
+ Leisure = - 16,000
* Government = +23,000

The figures are taken from CNBC website from here

It is evident that manufacturing cut the most number of jobs totalling about 90000. While most sectors reported job losses, not all were subject to layoff's. IT and Media services remained unchanged. In contrast, Natural Resources, Health services and government added jobs during this period. There is still some hope for job seekers. Except internationals! :(