Economic Trends PPT
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Transcript Economic Trends PPT
4.00 Evaluate career
information in relation to
career goals.
Objective 4.03: Explain employment trends in terms of
changing societal needs and economic conditions.
Service Occupations
A job that involves providing
a service for a person or
company, rather than
producing a product, for
example the job of a cleaner,
sales person, or lawyer
Major Employment Trends
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Social Changes that have promoted Need for
Service Occupations
Women in the
workforce
Aging population
Dual income families
Commuting distance
& time increasing
Global
Unemployment
Increasingly diverse
workforce and
customers
Concern for health &
fitness
New ways of
communicating
Concern for
recreation or
entertainment
Employment Trends in Terms of
Societal Needs
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Social Changes that have promoted Need for
Service Occupations
War
Natural disaster
Change of government structure
Embargos and Tariffs
Terrorism
Global Employment Trends 2012
World Events Affects Goods &
Services
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Social Changes that have promoted Need for
Service Occupations
Communication
methods
Telecommuting
Manufacturing
implications
Video & voice
conferencing
Need for Technology Occupations
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Youth Unemployment Getting Worse
http://www.ilo.org/global/about-theilo/newsroom/news/WCMS_188797/lang-en/index.htm
Social Needs Impact Chosen
Career Cluster
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Colonial Period (to late 1700’s) – Family owned farms
(livestock, poultry, and grain)
Growth of a New Nation (late 1700’s to early 1800’s) –
Town trades (shop owners, bankers, blacksmiths)
The Industrial Revolution/Progressive Era (late 1800’s to
early 1900’s) – Industry development (steel, machinery)
Post War America (1945 through the turn of the century) –
growth of service related industry (business,
transportation, communication, personal)
Knowledge and Information Era (2000 to present) –
growth of high technology industry/business (PC’s,
Telecommunication, Internet, E-mail, CAD/CAM, World
Wide Web)
Global Employment Trends Click
http://www.youtube.com/watch?v=xii91t_McUI
The Changing Workplace
Work Trends Timeline
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Flexibility/creativity vs. endurance/loyalty
Feedback frequently vs. yearly
Rewards for performance vs. automatic
rewards
Team rated vs. individually rated
Employee self-control vs. managerial
control
Continuous learning vs. ends at
graduation
The 21st Century Workplace
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Freedom to own
property
Freedom to buy and
sell goods
Contributions of
people
◦ Strong economy
Produces goods
Pays wages
◦ Weak Economy
Cuts to production
Increases prices
◦ Strong Economy
Produce labor
Spend money
◦ Weak Economy
Cutback on spending
Increase in prices
Contribution of
Industry
Economic cycles
◦ Inflation
◦ Recession
◦ depression
Free Enterprise System
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Diverse Customers
New ways of
communication
Outsourcing of
manufacturing
Global competition
Less unskilled jobs
available
E-commerce
Telecommuting
Implications of Globalization
(Global Economy)
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National Trends
Service producing vs
goods producing
industries
Information
producing industries
Increase in careers
requiring education
beyond high school
Local/Regional Labor
Markets
Economic
Development
Councils
Employment Security
Commission
Department of Labor
Employment Trends
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Economy competition
Governmental action
(sanctions/incentives)
◦ Strong economy:
people move out to new
employment
opportunities
◦ Weak economy: People
move out for new
employment
opportunities
Outsourcing of labor
Job growth/transfer
Transportation/comm
uting
Owner occupant
households
Rural occupants to
urban areas to find
employment
Constant movement
of residence from
urban to suburb to
rural
Impact of World Events on
Economy
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Benefits of Relocating
Can help sustain economic
growth
Can match people
successfully to available
jobs based on qualifications
Lowers unemployment rate
Allows an individual to
move up socially
Access to personal
enrichment
resources/experiences
Company relocation
benefits provided
Disadvantages of
Relocating
Impact of social
mobility on child and
elder care
Cost of moving
Dual income familiesboth spouses finding
employment
Selling home
Losing social support
network
Benefits & Disadvantages or
Relocation
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Video: Lost Decade of
the Middle Class
Since 2000, the middle
class has shrunk in size,
fallen backward in income
and wealth and shed
some — but by no means
all– of its characteristic
faith in the future. Our
new report explores how
middle-class Americans
view themselves, as well
as their outlook on the
future and on the
presidential candidates
who are courting their
votes.
Mobility Trends in the US
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Employment
Change
◦ Types
Voluntary
Involuntary
Reasons
◦ Keep up with
changing Technology
◦ Job
promotion/transfer
◦ Job outlook
◦ Job loss
◦ Career change
◦ Changing job
description/job duties
Upgrading of Employee’s Skills
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SCANS Competencies/Transferable Skills
Lifelong Learning
Analysis of case study work histories
Implications for Career Planning
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http://www.nccommerce.com (NC Department of Commerce)
http://www.bls.gov/home.htm (Bureau of Labor Statistics)
http://search.usa.gov/search?query=employment+trends&affiliate=u.s.depart
mentoflabor (US Department of Labor Reports)
http://ncesc.com/lmi/laborStats/laborStatMain.asp#laborStats (Local Labor
Market Information)
http://esmi12.esc.state.nc.us/webareas/ (Labor Market Information by
Geographical Area)
http://chronicle.com/jobs/2005/03/2005033001c.htm (The Necessity of
Mobility – article)
http://factfinder.census.gov/servlet/STTable?_bm=y&qr_name=ACS_2004_EST_GOO_S (US Census Bureau – Geographic Mobility
by Selected Characteristics)
http://www.census.gov/# (US Census Bureau - Geographic Mobility/Migration
Data)
http://www.quintcareer.com (Quizzes Link – International Job Seeker Quiz)
Sources
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