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Labor Market Trends

  • Date Submitted: 09/09/2015 07:52 AM
  • Flesch-Kincaid Score: 35.9 
  • Words: 394
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1. Labor market trends means to talk about the economy
  2. A) Which careers match your interests and abilities
B) What kinds of education and training you may need
C)which occupations are most likely to be in demand now and in the future
        3.   A) Economic Growth; a growing economy could mean more/less jobs for people to work/ less money to spend to buy products
            B) Technology: Changes in today’s technology can mean good or bad things in the workplace, like what types of jobs are available to work at for example: the automatic checkouts at some Walmarts
            C) Demographics: changes in the general population like age, gender, and cultural backround, The older the population, the more health care benefits they may need, Also in workplaces when the older generations retires there will be more job opportunities
            D) Consumer behaviour: Peoples wants/needs may change over time depending on how much cash they have in their wallet. The more tourist attractions that have popped   up around the world have created jobs for people

          4.   (Term) (The terms industry and sector are often used interchangeably to describe a group of companies that operate in the same segment of the economy or share a similar business type. Although the terms are commonly used interchangeably, they do, in fact, have slightly different meanings.)

          A) Economy, Agriculture, Construction, Manufacturing
              B) manufacturing usually consists of making something, or inventing something on a large scale
              C) Service Sector Is one of the three primary economic sectors. The service sector consists of the soft parts of the economy, example: activities where people offer their knowledge and time to improve productivity, performance, potential, and sustainability

5. A) Automotive Manufacturing: To work at a dealership, or to work at a Automotive Manufacturing Company
    B) Life Sciences: Therapist, A Doctor....

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