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Writer’s choice
1). which occupations have higher and lower projected openings in the state of NH? The state of NH is most likely to have many opening of r registered nurses, as the data provided for the occupational projection point at the registered nurses having the highest number of openings, followed by retail outlet salespersons. However, construction laborers are not likely to have many opening in the job market as projected over the next 10 years. Other includes the office and administrative support occupations, which currently employs 103,490 personnel. Office clerks general is the highest at 12860 and the lowest is proofreaders and copy markers. The lowest is the farming, fishing, and forestry occupations with only 720 personnel. Logging equipment operators has the highest at 200 and the lowest is first line supervisors of farming, fishing and forestry worker at 30. Employment of small engine mechanic is expected to grow at 21% from 2010 to 2020, faster than the average in all other occupations. Those with formal training have very good job opportunities.
Figure SEQ Figure * ARABIC 1: occupation number of new jobs (projected), 2010-20 2010 median pay
3) On the basis of these projections, would you expect wages to rise or fall over the short term and the long term?Wages are likely to rise in the short run but after five years it is likely to stabilize based on the long run because, the at first the number of workers will be few and the companies will offer high wages to attract new employees. However, after five to 10 ears, many people will be attracted to the NH state resulting in an influx of workers. This will also will force the employers to either reduce or maintain the amount of money paid to laborers as the employees will be desperate to ask for pay increase fearing being dismissed, as there are many laborers
4). what do you think will likely happen to labor supply over the same period?
The supply of labor will increase in the short run, then reach an exponential stage, then stabilize. However, after on the long run, the supply of labor will decrease as the vacancies will have been taken and the unemployed will have to look for work in other states. On the other hand, the economic forces of demand and supply do not only affect the supply of labor, but there are also government regulation, technological impact that are also likely to change the scenarios and statistics. For example, factory automation of acquisition of various technologies is likely to affect the availability of jobs, and most of the laborers are also likely to seek employment somewhere else.
There is also a very significant correlation between the number of job opening and the number of laborers, for example, the labor supply for high skilled or specialist jobs is very low as compared to the labor supply for entry level jobs, and this is also likely to contribute to the changes in the components of the lour supply. While this is, there is also likelihood of new entrant from outside the state, or immigrant into the labor scene after along time of labor demand, thereby increasing the influx, the demand for labor is what initiates changes in the supply of allot in the state. However, academic qualification has little impact of the supply of labor due to the general mobility of labor.
2008 2009 2010 2011p I II III IV
TOTAL2 -7.3 -3.6 11.1 1.0 14.3 16.0 6.4 8.2
Total2 (excluding Construction) -6.7 -3.1 11.6 1.0 15.2 16.5 6.5 8.5
Goods Producing Industries -12.4 -2.3 24.5 5.5 32.7 37.8 10.9 19.2
Manufacturing -11.2 1.5 32.2 7.7 45.3 48.2 13.8 25.5
Construction -1.2 4.2 0.5 -0.2 1.0 5.2 1.1 -4.3
Services Producing Industries -3.6 -4.4 6.1 -0.5 7.6 7.7 5.1 4.1
Wholesale & Retail Trade -1.5 -6.2 12.2 -2.4 15.0 16.0 10.9 7.2
Transportation & Storage -2.1 -10.6 6.5 1.1 8.8 8.6 5.8 3.0
Accommodation & Food Services -9.0 -5.9 7.1 -0.1 8.3 10.8 5.9 3.7
Information & Communications 0.0 -0.8 -2.8 -8.5 -0.3 -1.6 -3.4 -5.7
Finance & Insurance -7.1 -0.2 6.4 1.5 14.5 5.3 2.0 4.7
Business Services -5.2 -1.6 0.4 -2.7 1.7 1.9 0.0 -1.8
Other Services Industries -4.4 -0.3 8.1 2.5 1.0 10.2 10.2 10.8
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2 Based on GDP At 2005 Market Prices 5) What do you think will likely happen to worker movement in or out of the state of NH in these occupations? The worker movement will be sensitive to vacancies and pay packages. Those occupation offering better packages are likely to attract many workers both in the short run and in the end. However, that occupation that has poor packages will not attract many workers. On the other hand, the number of workers will increase for that occupation that have many vacancies as projected such as nursing and retail sales persons. However, other occupation that require specialist are not likely to have much activity in the short run, but are likely to have attract many employees as proactive employee will seek special qualification in order to fill in those jobs. However, this is not very realistic. The number of employees for the entrée level jobs is also likely tom increase significantly due to availability and worker population explosions result of fresh school, lever and graduates
5. What special factors for each occupation affect the ability of labor supply to change?
Registered Nurses Salary,
Retail Salespersons Employment opportunities
Home Health Aides Employment opportunities
Personal Care Aides Employment opportunities
Office Clerks, General salary
Registered Nurses salary
Retail Salespersons School and salary
Home Health Aides salary
Personal Care Aides salary
Combined Food Preparation and Serving Workers, Including Fast Food Government regulation
Customer Service Representatives Contracts and economic factors
Heavy and Tractor-Trailer Truck Drivers Economic factors
Laborers and Freight, Stock, and Material Movers, Hand falling industry employment, technological advances, changes in business practices
Postsecondary Teachers salary
Nursing Aides, Orderlies, and Attendants Working conditions
Childcare Workers salary
Bookkeeping, Accounting, and Auditing Clerks Salary, the implementation of office technology
Cashiers Salary and economic factors
Elementary School Teachers, Except Special Education Salary and government regulation
Internship/residency Salary and school
Janitors and Cleaners, Except Maids and Housekeeping Cleaners Landscaping and Grounds keeping Workers factory automation or the implementation of office technology
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products Economic factors
Construction Laborers automation or the implementation of office technology
SOURCE: BLS Occupational Employment Statistics and Division of Occupational Outlook
References
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2012-13 Edition, Career Guide to Industries, on the Internet at HYPERLINK “http://www.bls.gov/ooh/about/career-guide-to-industries.htm” t “_new” http://www.bls.gov/ooh/about/career-guide-to-industries.htm (visited April 05, 2012).720
