This Week's Herman Trend Alert

in Normal 2.0


  The Herman Trend Alert

May 3, 2006

More Jobs, More Hiring Challenges

Forecasts suggest the US economy will slide somewhat this year because of higher fuel costs, housing slowdowns, and higher interest rates. These factors will probably “cost” a half percent in consumer spending growth, a significant impact on the economy. Job growth will continue, however.

Over the past five years, manufacturers, and distributors have engineered strong productivity growth. Employers in retail and service industries have improved their situations with technology and online sales and marketing. To meet growing demands for goods and services, employers must hire more qualified workers or risk losing business, profits, and market position.

Estimates project the employment market in the United States to expand by about two million jobs in 2006. Job growth is on-track, creating serious problems for employers. Recruiters are already very busy trying to fill current vacancies. As the labor market tightens with new job growth, their work will become more difficult. According to the Bureau of Labor Statistics, in the information technology field alone, between December 2005 and January 2006 alone there was a 16.7 percent increase in the rate job openings,. As we continue through the year, this pattern will be seen across occupational lines. Normally during the December to January period we can expect to see about a five percent increase.

While many people today are unemployed or underemployed, employers still face hiring challenges. Unfortunately, too many of the people looking for jobs are not qualified to fill the vacant jobs. A substantial amount of re-training is necessary---a critical need that will be addressed by community colleges, trade schools, and corporate training programs. As workers are trained belatedly, the employment market will experience a classic case of “too little, too late”.

If workers were more aware of market conditions, they would enroll in education and training courses to build their qualifications for current and emerging job openings. Some workers will be unable to benefit from these courses because they cannot afford them or because they lack the academic strength to learn the course material. Corporations will avoid investing in employee training until they are forced…by the lack of trained people.

© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3548 or To sign up, visit The Herman Trend Alert is a trademark of The Herman Group, Inc."

Excellent translation services from English, French, or German into Spanish. Especially well-versed in medicine/pharma and automobile industries. 5-year Bachelor Degree in Translation. Also editing and proofreading of all kinds of Spanish language documents. Flexible rates, depending on number of words, degree of difficulty/technicality, and turnaround. For an instant quote email Mariana Campora Lesti at or contact her on SKYPE at marianacampora.

Each week, Joyce and Ira will address some aspect of the future on Ahead of the Curve in Normal 2.0. It's fun and informative and you can join here. Subscribe and you will be notified when we are live.

Our author Joyce gets quoted in TIME Magazine, FORBES, and other national media on a regular basis. You can, too! Sign up for You will be found by the news media and in Google search: 1. Through your personal search-engine-optimized press room by 39 topics you choose; 2. By news releases pushed out 10 ways including Google News; 3. Be found in the 2020 printed Yearbook of Experts, Authorities & Spokespersons. Save 15% when you register by November 10th @

To read this Herman Trend Alert on the web:

Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert.

Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service.

Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts


[ Home · About · Products · Resources · Media ]


7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3548
Toll Free in US & Canada: 800-227-3566

  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.