What’s the Status of the Job Market? – January 2021

Today’s job market is a mixture of highs and lows mixed with confusion and chaos. That stated, some industries continue to grow and have seen little to no effect stemming from the current Covid19 pandemic. It is important not to become discouraged, but to seek alternative ways to redefine your career.

Below is just a glimpse of what the job market is reflecting for the month of January 2021. Unemployment has remained steady for the past two months.

Labor Market Statistics

Source: The U.S. Bureau of Labor Statistics

According to the U.S. Bureau of Labor Statistics, there has been no change in the unemployment rate since December 2020. While jobs have increased in certain industries, women and black individuals remain largely affected.

For many families, the hit on women in the workplace has been especially difficult. Coupled with home-schooling, many working mothers were forced to give up their careers to support virtual learning.

The Labor Market by Industry

Industries With Job Losses

• Leisure and Hospitality
• Private Education
• Government

There should be no surprise that losses in the Leisure and Hospitality industry continue to decline. Covid19, and the lack of federal help continue to stifle the growth for restaurants, bars, hotels, and other businesses in this sector.

Industries With Job Gains

• Professional and Business Services
• Retail Trade
• Construction
• Transportation and Warehousing
• Health Care (see below)

Professional and Business Services, including temporary agencies, increased by more than 160,000 new or filled jobs in the month of December 2020.

In addition, the Health Care industry added close to 40,000 jobs in hospitals and ambulatory services. Nursing care facilities, however, suffered a loss of 6,000 jobs due to Covid19.

Top Companies Hiring

• Amazon
• Home Depot
• Hospital Corporation of America
• Department of Veterans Affairs

Many of the top companies across the nation are increasing work-from-home positions. As the nation continues to become more flexible in terms of how we work, more and more businesses will jump on board. Remote work positions can be found in almost every industry.

Virtual Events & Job Fairs

• January 20, 2021 – Meet Our Recruiters – Global Opportunities
• January 20, 2021 – Virtual Healthcare Hiring Event
• January 26, 2021 – New York Virtual Diversity Job Fair
• January 27, 2021 – Cody’s Virtual Solutions (Customer Service Positions)

Virtual events and job fairs are the new norm! Research your state for local virtual or drive-by job fairs and be sure to register early.

Jamilah’s Tip of the Month

Networking is by far one of the biggest components when it comes to changing careers. Due to the changes in hiring, many companies are simply not advertising open positions like they’ve done in the past. It really comes down to word-of-mouth and who you know to get the jump on which businesses are hiring, especially for top-level positions.

Make it a daily goal to reach out to both industry and non-industry contacts, and be sure to follow-up. For a few tips on networking click here.

She Works for It Happenings

Career + Hustle Toolkit

The Career Hustle Toolkit is a high-results program geared to help you reach your goals of making more money, going to work every day happy (fulfillment), and getting on the track to promotion.

The Career Hustle Toolkit includes an extensive career pre-assessment, mock interviews, confidence-building tools, a custom Linkedin assessment and review, and a professional resume customized for your industry.

Click here for more information.

Top 10 Online Job Boards Workbook

Searching for a new and exciting career can be extremely difficult if you do not know where to look. Use this workbook as a handy guide to some of the industry’s top search boards in today’s job market.

Click here for your FREE copy!