Financial Services

Financial Services Trends: 4th Quarter and Beyond

Financial Services

The financial services sector is a delicate market. Many factors affect and alter interest rates, regulations, and compliances. On the one hand, there is a lot of talk going around online that the labor market has never been stronger. On the other hand, some economists fear a looming recession in the United States. Although there is some uncertainty, both the economy and the labor market are HOT, especially in the financial services sector. Here are three trends to keep an eye on as we approach 4th Quarter and even 2020.

Online and mobile banking

I am willing to bet most of you reading this use online or mobile banking in one form or another. Whether that’s keeping an eye on your checking account, applying for a home loan, or shopping for a new credit card. With today’s digital era, (often called the 4th Industrial Revolution) drastically changing the financial sector, banks and other financial institutions have to change how they do business and interact with customers.

Fewer and fewer consumers actually walk into a physical bank and speak with another human. Nowadays, Millennials like myself rarely step foot into a bank. For example, I just bought my first house without ever talking with someone from a bank face-to-face. And as Millennials project to account for 75 percent of the U.S. workforce by 2025, this transformation of services for the technology-savvy generation won’t be going anywhere. As a result, financial institutions will continue to have to be flexible to accommodate the ever-changing demands of consumers.

Fed keeps cutting interest rates

As you’ve probably heard, the Federal Open Market Committee (FOMC) just cut interest rates to 2.25 percent at the end of July. At the end of December 2018, the fed funds rate was 2.5 percent. Since the Great Recession in 2008, the Fed has been increasing rates. However, over the second part of 2019, the Fed has cut interest rates multiple times to help stimulate the economy and ensure the labor market remains strong.

But what does this really mean? Well, it means consumers like you and I can get loans and credit cards with more favorable interest rates. In other words, its cheaper and easier to borrow money or secure a loan. And when we spend more money on things like cars, houses, and other items, we continue to stimulate the economy. It will be interesting to see if the U.S. will see another cut in rates before the end of this year.

An emphasis on security

Financial institutions and banks will have to continue beefing up their security to protect their business’ and their consumers’ data. But why is security always at the forefront of financial organizations? Well, it’s because they have a TON of important, confidential data.

There’s a cybersecurity attack every 39 seconds. Any by 2020, the average data breach will exceed $150 million. And this number will only continue to grow as more and more business begin building their online infrastructure. Look at the recent data breach by Equifax affected 147 million Americans and with a settlement costing $425 million. That’s a lot of confidential information stolen. To combat this, organizations must build up their information technology teams to implement safeguards and improve monitoring of their data.

Partner with our financial services recruiting team

In today’s tight labor market, it can be challenging to build up your team to remain flexible in the financial sector. If your organization needs a hand, reach out to JSG’s financial recruiting team today. We understand the market and will help you locate and attract the talent you need to remain competitive in the market. Contact us today, and let’s get to work!

professional services

Professional Services Industry Trends: 2019 and Beyond

professional services

The Professional Service market has been heating up over the last few years. Last month alone, for example, the Professional Services sector added 31,000 jobs. And over the previous 12 months, the industry gained over 300,000 jobs, according to the Bureau of Labor Statistics. In 2016, the Professional Industries sector was the largest employer in the nation, responsible for employing over 20 million Americans. In 2026, this sector will continue to grow to a projected 22.3 million employees, right behind Healthcare (the nation’s current largest employer).

But what is considered a professional service, and how is this industry employing so many American workers? Let’s take a closer look.

What are Professional Services?

Professional Services is a group of occupations in the tertiary sector of the economy, requiring specialized training in the arts and sciences. Some common examples are attorneys, architects, engineers, and accountants. They often require a special certification or training and offer specialized business support.

In other words, the professional services industry offers specialized services to consumers and businesses. They can vary in sizes and can serve all other industries and sectors. But with the global market forecast of a 5.4% growth rate from 2016 to 2020, which types of occupations are making up the most substantial amount of growth in this industry?

Top 3 professional services

Accounting

Out of all the main Professional Services occupations, accounting is the smallest segments. However, the accounting sector had the most significant growth rate (5.9 percent) between 2012 and 2016. And over the next several years, this sector is expected to grow another 6.2 percent. Thus, the accounting sector is small but mighty. But with the continuous implementation of technology and the push for digitalization, this sector will continue to be one of the largest growing areas for years to come!

Engineering

Between 2017 and 2027, STEM (engineering is one of the largest contributors) is going to grow 13 percent. That’s much larger than the 9 percent growth rate from all other non-stem jobs. Since 1990, these occupations have grown over 79 percent. And what’s cool about engineering is that there are hundreds of different career paths. Depending on your degree, you can become anything from an Aerospace Engineer, designing cutting edge defense technologies or an Environmental Engineer, helping organizations improve their impact on the environment. And if that’s not enough for you, engineers have the highest median salary ($91,010) in the nation. It’s no wonder why engineering occupations will increase by over 140,000 jobs in the next decade!

IT consulting

The information technology industry hit some impressive milestones this year and isn’t slowing down. By the end of this year, the IT industry will reach $5 trillion globally. And employment in the IT sector is projected to grow 13 percent by 2026. That equates to over half of a million jobs created over that period. According to the BLS, that’s faster than all other occupations. As we continue to prioritize cybersecurity, the protection of consumer data and the implementation of artificial intelligence, more and more firms will rely on the expertise of IT consultants. They will bring people inhouse or hire a consulting firm to help them make a smooth transition into the digital era.

Find your next professional

The labor market is tight, and many employers may be struggling to secure the talent they need to accommodate these employment trends. So, if you find that your team needs help sourcing strong candidates, reach out to a professional. Work with one of Johnson Service Group’s recruiters. We have specialized teams for every industry and can help you find your next great employee!

Construction engineers discussing work on site.

Construction & Engineering Trends to Look Out for in 2019

Construction engineers discussing work on site.

What’s Happening in the Construction & Engineering Industry?

With the implementation of new technologies, changing practices, and a shift in mindset, the engineering and construction industry faces some major changes in 2019 and beyond.

Currently, the construction industry is booming with the employment of over 7.2 million people, an all-time low unemployment rate (1.3% for engineering and 3.6% for construction), and a projected market value of $808 billion by the end of 2019.

This market is extremely competitive; some are even calling 2019 in the construction and engineering industry “The War for Talent.” The heightened competition in this field makes it hard for employers to find the best talent that will drive their company to success. Let’s take a look at the four industry trends to look out for in the second half of 2019.

Technology Might Be Changing Everything

As we all know, technology is constantly changing, affecting almost every part of our lives! As a result, today’s increase in technology directly provides career growth opportunities in the engineering and construction industry. Technology supports, rather than replaces, the industry’s talent with better tools for success. In short, technological advancements provide safer work environments, more efficient practices, and an elevated quality of work.

Technology like smart gear, drones, AI, and smart cities are taking this industry by storm. Smart gear, like connected hardhats and work boots, leads the way in safety with alternative ways to communicate, monitor, and track employees. Alongside smart gear, drones have become more popular on work sites. Within the last year, drone usage increased by 239 percent. Using drones provides a more advantageous way to look at sites, create heat maps, gather analytics, and market.

In addition, the efficiency of projects is skyrocketing with the help of technology. AI alone reduces project time and cost by as much as 15 percent! Overall, the variety and multitude of advancing technology are paving the way to the future: smart cities! These advanced cities incorporate ICT, information, and communication technologies to improve the entire city’s quality of life. Smart cities provide a better future living while also reducing waste and consumption. New York, China, and Singapore are just a few cities that have already started implementing smart city practices. Smart city spending is expected to reach $158 billion globally by 2022, and is relying on the engineering and construction industry to get there!

Software is Improving Efficiency Beyond Belief

Overall, the construction and engineering industry is thriving due to the increase in technology. The industry is facing some technological advancements related to data and software from which it won’t be able to shift away. Improvements in project management software programs make jobs more time-efficient by eliminating steps in the process. Building Information Modeling (BIM) Software and Smart Contracts are on the rise. BIM’s 3D intelligent software is making industry leaders stand out from the crowd by facilitating the entire life cycle of a project. Likewise, Smart Contracts also increase productivity by providing an all in one tracking system that keeps all the moving parts of the business operation in line.

Construction and Engineering Practices are Taking a 360

Modular and prefabricated construction is accelerating the future of the construction and engineering industry. Modular/prefabricated construction can generally be clumped together and defined as when modules of buildings are assembled off-site then brought on-site for final construction. This relatively new method in construction has significant benefits, including financial savings, time efficiency, environmental benefits, safety improvements, and project flexibility. Being overall, greener, faster, and smarter. It’s predicted that modular construction will continue to grow by 6.9 percent per year, hitting an impressive $157 billion by 2023!

Sustainability is Becoming More and More Important

In combination with updated practices and technology advancements, going green in today’s society seems easy. Consequently, green construction is the most trending topic in the construction industry. Green construction is a way of building projects in an environmentally responsible and resource-efficient way. And, the younger generation views not as an extra benefit, but as an expected standard. This industry is gearing toward renewable and sustainable practices by aiming for the Leadership in Energy and Environmental Design (LEED) Certification. This world-renowned certification provides a way to verify environmentally friendly practices through a widely recognized source. Today, companies want to obtain this certification to achieve instant recognition, increased efficiency, and decreased resources. In conclusion, it’s evident that going green truly has its perks in saving money and time in this industry.

What Now?

The engineering and construction industry faces rapid growth and change in 2019, and it doesn’t seem to be stopping there! Now is the time where talent is needed the most but the most difficult to find! But, we are ready to help you find the best and most qualified talent in today’s tight labor market. Check out our job board to get your critical roles filled fast!

Oil & Gas

Oil & Gas Trends to Watch For in 2019

Oil & Gas

The Oil & Gas industry in the U.S. is experiencing tremendous growth. Crude oil, petroleum, and natural gas production continue to expand, generating thousands of jobs right here in our country. But where are these jobs coming from? How are we producing this much oil & gas right here in our own country? Here are three trends to look out for in the oil & gas industry for the rest of 2019 and beyond.

Oil production continues to climb

Last year, the United States consumed 7.5 billion barrels of petroleum products. If you break that down, that’s a daily average of 20.5 million barrels of petroleum per day. That’s a lot of oil! But what’s fascinating is the resurgence of our nation’s oil production over the last decade. Over the last eight years, U.S. oil production jumped from under 6 million barrels per day to an outstanding 12 million barrels per day.

The Permian Basin is booming

In February of 2018, the United States surpassed Saudi Arabia in the production of crude oil for the first time in over two decades. And in September of 2018, the U.S. (briefly) became the world’s largest producer of crude oil for the first time since 1973 by surpassing Russia. This is mostly thanks to the Permian Basin in West Texas and Southeastern New Mexico. In 2018, the Permian Basin produced 3.2 million barrels of oil each day. Today, production is now over 4 million barrels per day, and by 2022, that production will grow to a whopping 7 million barrels per day.

Thousands of workers are flocking to the Permian for new job opportunities and higher paychecks. Currently, there is a bottleneck in pipeline capacity for the billions of gallons the Permian is producing. As a result, companies are working tirelessly to construct new pipelines to continue to facilitate the projected growth of the Permian. The Permian also pumps out a large chunk of the country’s natural gas. In 2018, the region produced 10 billion cubic feet of natural gas per day (11 percent of the country’s total output). And by 2025, that production is projected to more than double. The Permian currently has two significant pipelines underway, and a third one just got the green light earlier this summer to begin construction. As a result, thousands of workers are flocking to the south-central U.S. for new opportunities.

Natural gas is expected to keep growing

Natural gas supplies 22 percent of all energy consumption worldwide. It also accounts for nearly one-fourth of electricity generation. Natural gas is a very versatile fuel, and its use continues to grow as we place a more significant emphasis on environmental consciousness.

Natural gas and renewable energies are expected to increase over the next several decades. As of 2017, energy demand for natural gas was 22 percent of total energy demand, and renewables were only 10 percent of total demand. However, in 2040, natural gas demand is estimated to increase to 25 percent, and natural gas will increase to 17 percent. In other words, the world as a whole is shifting their attention to cleaner energy, causing the creation of new jobs in the oil & gas industry.

Get a hand navigating this busy industry

The oil & gas industry is growing, with no signs of slowing down over the years to come. As a result, hiring in this industry hasn’t been this strong in over three decades. If your team needs help attracting and retaining talent, give us a shout. We have a dedicated team of recruiters who specialize in the oil & gas industry. And if you’re pursuing a career in the Permian or someplace else in the industry, check out our job board! We have dozens of oil & gas jobs that you won’t want to miss.

renewable energy

Renewable Energy Trends to Watch for in 2019

renewable energy

It’s no surprise that the power & utility industry has been on the rise in recent years. We hear lots of buzz about renewable energy and how it’s preserving the environment and generating thousands of jobs. Here are three trends to be on the lookout for when it comes to renewable energy for the rest of 2019 and beyond.

Renewable energy is gaining traction

The country as a whole is becoming less reliant on coal. In 2018, natural gas and renewable energy generated 53 percent of the nation’s total electricity. That’s up 18 percent from 2009, according to Renewable Energy World. This push is primarily due to the nation’s focus on a stronger implementation of wind and solar power. At the end of 2018, the U.S. counted over 96,000 megawatts of installed wind power and 64,000 megawatts of solar power. That’s roughly 10 percent of the country’s total electricity production. However, the U.S. Energy Information Administration expects this output to reach 11 percent by the end of 2019 and 13 percent by 2020. By the end of the year, wind power will dethrone hydroelectric power as the top renewable source of energy.

Technological advances keep pushing renewables to the next level

It’s no surprise that technology advances will continue to create and improve the production of renewable energy. One example is the possible expansion of offshore wind power production. The U.S. has a fantastic offshore wind turbine potential due to our vast coastlines. Offshore wind turbines are much larger than their onshore counterparts. As a result, they offer operating efficiencies that are much higher than natural-gas power plants. Currently, the U.S. produces just 30 megawatts of offshore wind power. But by 2030, the U.S. Department of Energy claims we can achieve a tremendous growth rate of 79,016 percent. Offshore turbines are just one example of how technological advancements are helping our nation become more efficient as well as create thousands of new jobs.

Clean energy is forming a new workforce

With the implementation of new technologies and policies in the power and utility sector, we are seeing more job openings. Clean energy is becoming a massive source of employment in the country. Today, there are approximately 4 million jobs related to wind and solar production. In fact, jobs in the renewable energy sector are some of the fastest-growing careers in the country. A recent report from the Bureau of Labor Statistics, the top-two jobs with growth potential between 2016 and 2026 are wind turbine service technicians (96 percent growth) and solar photovoltaic installers (105 percent growth). In other words, the energy sector is creating thousands of new jobs as we continue to press the limits on renewable energy.

Let us help fill your critical needs

The renewable energy industry is growing, and as a result, hiring needs have never been stronger. If your organization needs help sourcing great candidates in this tight labor market, reach out to us today. Our experienced team can help find the talent your team has been searching for to fill your most critical positions. And if you are a candidate on the hunt for an exciting new opportunity, check out our job board! JSG has dozens of jobs in the power & utility industry that you don’t want to miss.

manufacturing trends

Manufacturing Industry Trends in 2019

manufacturing trends

With the implementation of new technologies and processes in the manufacturing industry, some are even labeling this era as the Fourth Industrial Revolution. The integration of AI and the Internet of Things is revolutionizing the modern workplace. Processes are changing; manufacturers are looking for ways to cut costs, and more jobs are being created every day. In today’s ever-changing workplace, here are three manufacturing trends to watch in the second half of the year.

There’s a labor shortage

In a tight labor market, it’s becoming more and more challenging to find talent in the labor and manufacturing industry. At the end of 2018, there were 508,000 manufacturing job openings – the most significant gap in nearly 20 years. And this predicament isn’t going away in 2019.

Last month, manufacturing employment gained 17,000 workers. So far this year, monthly manufacturing job gains have averaged 8,000 jobs or a total of 48,000 jobs in 2019. Moreover, there was a total of 12.9 million manufacturing jobs as of June 2019. This proves that the manufacturing industry continues to create jobs. Yet with an unemployment rate of 3.7 percent, it’s becoming increasingly difficult for employers to find and retain talent.

There’s a skills gap

Despite the creation of hundreds of thousands of manufacturing jobs, there is a skills gap within the industry. There is an expanding gap between vacant positions and the qualified candidates capable of filling them. Between 2018 and 2028, the skills gap is estimated to leave approximately 2.4 million jobs unfilled.

Due to the increasing implementation of technology in the workplace, some jobs are being eliminated or changed. However, many manufacturers are combating this by training their existing staff. Employers are retooling their team and helping them develop new skillsets, and thus, transitioning them into new roles.

Companies are going lean

Lean manufacturing has been around since the 1980s. However, it has been continuously gaining popularity with manufacturing organizations around the globe. Essentially, lean manufacturing is the process of minimizing waste within manufacturing processes. As manufacturers continue to find ways to shed waste, more employers are covering the costs for their employees to receive certifications, such as Lean Six Sigma and Lean Kaizen certifications.

In fact, 55 percent of employers are now helping cover the costs for their employees to earn certifications. That is up from 47 percent in 2016. In other words, manufacturers are investing in their employees. This will ultimately help them become more efficient, and therefore, help improve production.

Get the help you need

As you can see, the manufacturing industry is tighter than it has been in almost 20 years. If your organization needs help navigating the labor shortage in today’s job market, reach out to JSG’s expert team of labor and manufacturing recruiters. We can help you find the talent you need to keep production running smoothly.

Aerospace and Aviation

The Aerospace and Aviation Job Markets are Ready for Takeoff

Aerospace and Aviation

Aerospace and Aviation at a Glance

From the Wright Brothers flying the first plane in 1903 to the moon landing in 1969, the aerospace and aviation industries have taken massive steps forward; one could even say steps that are large enough for mankind.

With new technological advancements taking place every day, these industries are constantly advancing as well. Maybe Neil Armstrong was the one to blame for inspiring these industries to continue making steps toward innovation.

Aviation:

The aviation industry defined through numbers

“1,303 airlines fly 31,717 aircraft on 45,091 routes between 3,759 airports in airspace managed by 170 air navigation service providers.” –IATA, 2018

The aviation industry is rapidly growing with the numbers to prove it. Most noteworthy, the current aviation market supplies 65.5 million jobs and contributes $2.7 trillion to the global economy. Due to this expansion, people want jobs in the aviation market. The industry offers positions for everyone, ranging from pilots to engineers to crew members. And people holding these jobs are typically 4.4 times more productive than the average worker on the market, further proving the desire to join this workforce.

Aviation is booming

Certainly, there are many trends that explain why the aviation industry is booming. The combination of technological, social, and economic trends increase the potential of this industry. Aviation is adapting and utilizing new technologies in renewable energy, artificial intelligence (AI), cloud technology, and new online aviation marketplaces.

Looking toward the future, the aviation industry is at a critical point. Depending on your perspective, the industry faces challenges that others might call an opportunity for growth. Recently, the Boeing 737 Max experienced two fatal crashes within a span of five months. This incident created discomfort with the aviation industry in general. Some airlines even canceled flights with the Boeing 737 Max. As a result, one perspective shows that the devastation created mistrust between the consumer and the aviation industry. While another perspective shows that this devastation opened the door for other aviation companies to step up and really focus on safety.

Aviation anticipates 2 million job opportunities

Moreover, today’s aviation industry faces many difficulties and changes. Contributing, this high demand industry is experiencing the highest backlog in its history of 14,000 aircraft, which means the industry needs more hands on deck. Additionally, about 38,000 aircraft are forecasted to be produced globally within the next 20 years. And with an increase in aircraft being produced, the number of hires in this field are following. The growth of the industry and the lifecycle of careers creates many job opportunities in the upcoming years. Because pilots are retiring, it is critical that the workforce expands.

By 2037, Boeing’s 20-year aviation jobs forecast predicts 790,000 new pilots globally with 206,000 in the United States. Similarly, the anticipated number of hires in this industry is followed by an increase in other occupations. In fact, predictions by 2037 total 2,115,000 job opportunities in the next 20 years with 622,00 commercial technicians and 858,000 crew members contributing.

Aerospace:

Why get a job in aerospace?

Aerospace is also a booming industry with plenty of opportunity for growth. But why would someone want to work in aerospace? Target Jobs narrows down some of the best reasons why you should get into the aerospace industry:

  • You’re working on inspiring and innovative technology
  • You make a tangible and positive impact on the world
  • You can travel and work globally

Overall, the aerospace industry is ever-changing and an exciting field for a career.

Aerospace is estimated at $838 billion

While there are many intangible reasons why you should come on board the aerospace industry, there are also plenty of tangible reasons this labor market is thriving. Currently, the global aerospace industry is estimated at $838 billion and growing. In addition to the economic benefit the industry provides, it’s a great job market. This industry is responsible for 2.5 million jobs, making up a total of 20 percent of all manufacturing jobs in the US!

Flight forward in aerospace:

The current aerospace market is huge and industry experts anticipate it to only get larger. Contributing, the demand for new innovate technology in this field is growing across countries, and current industry trends are leading the way. Current trends that will affect aerospace include a decrease in noncommercial funding, climate change, an increase in technology, big data, and increased competition. Looking forward, the aerospace industry needs to revamp its approach to recruiting, incentives, and career progression in order to keep up with trends affecting the market, especially with an anticipated increase in competition.

Let your career take flight

The aerospace and aviation industries are booming with plenty of room for career advancements. Why wait to launch your career in aerospace or aviation? Now is the prime opportunity to join an innovative and technology-driven industry. Partner with a JSG recruiter today to launch your aerospace or aviation career to the sky!

IT Hiring Trends in 2019

IT Hiring Trends In 2019

IT Hiring Trends in 2019

Every company has a need for IT talent. But these days, it may not be so easy to come by! From Application Developers to Systems Administration, the demand for qualified IT professionals is on the rise. IT hiring is projected to grow 13% by 2026, which is faster than the average of all occupations. Here are four trends affecting the industry this year.

The industry is experiencing a labor shortage

Over the next two years, there will be 1.4 million open technology jobs, according to the U.S. Bureau of Labor Statistics. In that same time, only 400,000 people will graduate with computer science degrees. As companies strive to meet consumer demands, their IT hiring requirements are steadily increasing. This disconnect creates a huge burden.

Flexible work options are popping up everywhere

“Technology mobility is here to stay, and companies need a combination of in-office workplaces and flexible remote work options,” says Jeb Ory, CEO of Washington, D.C.-based Phone2Action. Interestingly enough, companies and candidates alike are moving away from full-time remote work. They see value in having face-to-face time with team members and also having the flexibility to work remotely as needed.

Compensation is extremely competitive

With the shortage of qualified candidates, competition for talent is fierce. Additionally, high demand certifications such as Cisco Certified Architects (CCAr), are driving salary premiums at a rapid pace. Hiring managers need to put their best offers on the table when it comes to hiring IT professionals. If you don’t offer a competitive salary, IT professionals will move on to another employer who will.

Faster hiring processes secure talent

Two-thirds of non-executive technology professionals say they would “lose interest in a job if there was no follow-up within two weeks of an interview.” However, the average time to fill a staff-level role is 4.5 weeks. In order to secure top talent in the IT space, companies will have to move quickly!

Focus On Engineering

Focus On: Engineering

Focus On Engineering

One of the main areas that JSG recruits for is Engineering. From Aerospace Engineers to Software Engineers to Structural Engineers and everything in between, we recruit them all for hundreds of companies throughout the US and Canada. The Engineering industry has experienced a 10.3% steady growth rate over the last 10 years and with new technologies emerging every day, it doesn’t look like hiring will slow down anytime soon! We asked a couple of our Engineering recruiting experts to share their thoughts on today’s market.

Jeff Paarlberg, Branch Manager – JSG Jacksonville

“Our region’s Engineering needs are in the energy/utility space, simply because that is what are clients specialize in. In that space specifically, we have seen heavy demand for positions directly related to utility infrastructure projects (transmission/substation/grid modernization). Most of these roles are common project needs with very specific industry experience, i.e. Project Managers, Schedulers, Estimators, EHS Specialist, etc. These needs are in various states, and many of these modernization projects are multi-year endeavors. So, not only does it provide stability in the marketplace for consultants, but it also provides continued hiring needs as the scope of projects progress from cradle to grave. We do not anticipate any slow down over the next 3 quarters of 2018. Demand for these project-specific skill sets continue to increase as grid modernization spreads across more remote locations where the local talent pool is not as deep.”

Jim Halvorson, Branch Manager – JSG Chicago

“In the greater Chicago land area, JSG provides engineering staffing services for primarily the corporate manufacturing, engineering services, and construction industries.  In 2018, JSG has seen a high demand for engineering talent in all 3 market segments. This goes for both contract and direct hire openings.  The most recent employment statistics released by the Bureau of Labor Statistics for April only reinforces this hiring trend, since 3 out of the top 5 industries that experienced job growth include engineering, manufacturing and construction-related roles.  In the greater Chicago area, some of the more in-demand job openings that we recruit for include: Civil/Structural Engineers, Mechanical or Electrical Design Engineers, Machine Design, Controls Engineers and Project Engineers with specific construction/building systems backgrounds.  In the current economic environment, it is important for companies to be prepared to act quickly on engineering talent that meets their hiring criteria.  If not, there is a strong chance they will compete with multiple offers. This risks losing that candidate to another opportunity.  The high demand for engineers does not seem to be slowing down any time soon.”

What the Future of Coal Means for the Future of Industry Jobs, Johnson Search Group, people, hire, inspire, reach, coal, mining, administration, industrial, jobs, job market

What the Future of Coal Means for the Future of Industry Jobs

What the Future of Coal Means for the Future of Industry Jobs, Johnson Search Group, people, hire, inspire, reach, coal, mining, administration, industrial, jobs, job market

Coal has been around forever. It can be traced as far back as the cavemen – who used it for various reasons. Ever since the Industrial Revolution, coal use has skyrocketed in modern civilization, and since 1970, coal production has increased by more than 70 percent.

We hear it in the news all the time. Coal is becoming a huge topic as environmental activists exploit coal’s negative impact on the earth. Typically, each side of the political spectrum falls on either a pro-coal axis or an anti-coal axis, and each create policies to appeal to their side.

With today’s political spectrum, it seems as if jobs in coal should increase. However, there is major opposition to an expansion of coal, and subsequently its jobs. With everything happening in the political world, let’s see what the future of coal has on industry jobs.

There are coal jobs on the horizon, and the current administration wants to grab them and reel them in. After all, the previous administration did cut industry jobs by about 36,000, which came as a huge shock to many. As first reported by CNN, there were 400 jobs created in coal in the month of May. This may not seem like a whole bunch, but after thousands of jobs were cut, any amount of creation is received with open arms. There have been promises for months about new jobs in coal, and it seems as if those promises are being kept. All 36,000 lost jobs won’t magically appear overnight, but give it time and it seems that jobs in the industry will increase.

Not all people believe that jobs will increase, but anything besides more job cuts will be welcomed by the industry. As one coal miner states, “I really don’t think that there’s going to be that many more jobs created, but I do think it’ll stabilize.” This comes as a sign of hope for many currently working in the industry. With cuts first starting in 2011, the job security has now been welcomed by those currently employed in the industry. Those who have been worrying about their jobs being lost over the past six years can now stop stressing out over something they cannot control.

Just like in every other situation, there are those who believe that industry jobs will continue to decrease. In an article from the New York Times, it is clear that many researchers believe that the increased use of natural and renewable resources will continue the decrease in use of coal. As a researcher from Columbia University states, “…in order to stay competitive, coal will have to increase automation.”

The future of coal and jobs in the industry is still up in the air. However, one thing is certain: the outlook on industry jobs is looking brighter now than it has been for the past six years.