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Private Sector to Add 11.5 Million Jobs in Five Years, Reports IHS GlobalInsight: Study Seconded by EmploymentCrossing Job Research Data

The main growth in jobs is expected to come from the private sector. In the next five years, thenonfarm private sector is expected to add almost 11.5 million jobs.

Pasadena, CA (PRWEB) September 25, 2012 -- A new study from IHS Global Insight suggests thatgovernment jobs at the state and local level are not going to return to their pre-recession peak until at least2017.

The study says that employment by states and cities could grow to 19.9 million by 2017, an increase of just 0.6million from their current number. Jobs for teachers, firefighters and other public workers are slowly expectedto be filled back over the next few years as cities and states start hiring once again. But the federal governmentis expected to lose 9 percent of its workforce.

The main growth in jobs is expected to come from the private sector. In the next five years, the nonfarm privatesector is expected to add almost 11.5 million jobs. Sectors such as the professional and business services areexpected to add 3.7 million jobs. Even construction is expected to recover from its present slump and add 2.1million jobs while the growing healthcare industry is expected to create 2.3 million jobs.

IHS's study is seconded by EmploymentCrossing's job research data. EmploymentCrossing, America's leadingjob site also reported an increase in the number of jobs in the private sector in the last 12 months. In fact in justthe last seven days, the job board researched and listed over 550,000 jobs in the private sector, a sure sign ofrobust jobs growth in the private sector. Harrison Barnes, CEO of EmploymentCrossing was upbeat over thejobs trend in the private sector and felt that "the signs are good and we are optimistic about the job market".EmploymentCrossing currently lists 127,000 jobs in the healthcare industry, 72,000 jobs in the IT sector,32,000 job openings in financial services, 22,000 in accounting and 14,000 in the education sector. Details onjob openings in other sectors can be found here:http://www.employmentcrossing.com/lcjssearchresults.php?d=1500&kwt=&kwd=&lq=&lqc=United%20States&rd=100&rc=&du=&pgr=20&pgn=1&jst=&sto=&q1=&q2=&cat=&ext=&sb=r&usersearch=1

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Contact InformationAndrew OstlerEmploymentCrossinghttp://www.employmentcrossing.com/626-243-1801

Andrew OstlerEmploymentCrossinghttp://www.employmentcrossing.com/626-243-1801

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