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US / 2013 job market for College graduates, construction workers and Government workers

Amid another blah year, a few workers that bore the brunt of the Great Recession stand to gain in 2013. Here are three:

College graduates

Congrats class of 2013! You have a better chance landing your dream job than the poor grads before you working as baristas.

The years following the Great Recession hit workers across the board, but those stepping out of college campuses in 2012 were hit particularly hard. They graduated at a time when half of all recent grads were either jobless or working low-waged jobs, according to an April analysis by the Associated Press.

The job market isn’t expected to be quite as harsh for young people next year, economists say. Employers anticipate hiring 13% more Class of 2013 college graduates than they hired from the Class of 2012, according to a survey of employers conducted by the National Association of Colleges and Employers.

The top five bachelor’s degree in demand? Finance, followed by computer and information science, accounting, business administration/management and mechanical engineering.

Construction workers

As the housing market continues to heal in 2013, expect more hiring in construction. Since the Great Recession technically ended in June 2009, jobs in homebuilding dropped 14.5% from 633,000 to 552,800 in November, according to the Labor Department.

In 2012 alone, the construction industry lost 9,000 jobs. That’s expected to reverse come 2013, when the economy will likely add 100,000 jobs in homebuilding and other construction work, says Marisa Di Natale, economist at Moody’s Analytics. The most dramatic pick-up is expected in 2014, with 300,000 more jobs.

Government workers

For the past three years, local and state governments held off on new hires and shed jobs almost every month. Officials struggled with plummeting tax revenues linked closely to property values.

But after years of virtually no hiring and as the housing market recovers, governments are expected to hire again, Natale says. For 2013, state governments, in particular, are expected to add 70,000 jobs.

Choosen excerpts by Job Market Monitor from


via 3 bright spots in the U.S. job market for 2013 – The Term Sheet: Fortune’s deals blog Term Sheet.



  1. Pingback: US / College Degrees Matter « Job Market Monitor - January 11, 2013

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