Market Overview

The Medzilla Employment Report for December, 2012: Unemployment Drops to Lowest Rate in 4 Years; Experts Predict Unprecedented Growth in Healthcare IT

Medzilla Reports: In November the nation saw an important drop in the country's unemployment rate, signaling the continued steady improvement of the overall economic situation (bls.gov, 12/7/2012). In spite of pundits' allegations that job numbers would show lower than expected additions because of Hurricane Sandy, 146,000 new positions were created and the unemployment rate fell down even further, to 7.7% (http://money.cnn.com, 12/7/2012).

Seattle, WA (PRWEB) December 18, 2012

The American economy continues to grow in seemingly in defiance of the predictions of its impending demise. The nation's workers persist in finding innovative solutions to their financial woes, confounding those who would suggest that the people have given up hope and are now merely waiting for the inevitable handout from the government. Last month, despite the insistence from media's economic experts that Hurricane Sandy would single-handedly cut the nations job growth in half, job creation continued at the same steady pace which it has over the past two and a half years. (http://data.bls.gov/timeseries, 12/11/2012) This would indicate that a new economic infrastructure is being laid down and with it a more solid foundation on which to build. A look inside the Bureau of Labor Statistic's Employment Situation Report shows that the country isn't just recovering from a recession; it is restructuring the way it does business.

The Internet Boom began a whole new business model which didn't end when the Dot-Com Bubble burst. The crash only motivated companies to take a step back and reevaluate their strategies to market themselves in a brave new world wide web of consumers and investors. The same is true in today's post-recession economy. As Information Technology has evolved and became more intrinsic to everyday life, more and more industries have become forced to recreate their business models from the ground up in order to accommodate the new technological reality. The recession has only magnified the need for optimizing efficiency.

"Each industry has been coping in its own way. It's true that some employment niches have been eliminated, resulting in long term unemployment for workers with skill sets which are no longer required on the same scale as before. At the same time, new opportunities are being created which present a fresh challenge if job seekers are willing to take a step back and reevaluate their own strategies for these new positions," says Del Johnston, Manager of Client Relations at MedZilla.com.

The U.S. economy is expected to create as many as three quarters of a million new computer and IT jobs over the next 8 years, according to a report on job growth the Bureau of Labor Statistics report on job growth in its released earlier this year. (bloomberg.com, 11/28/2012)

The Healthcare Industry has been consistently creating jobs in spite of the country's recession because of several factors, not the least of which is an industry wide transition to an electronic record keeping system as well as other technological standardization requirements being implemented by the government in order to improve accuracy, efficiency, as well as overall cost to both patients and providers. According to Bloomberg, an increasing percentage of the jobs created in the country will be directly related to Healthcare and Social Assistance. The Bureau is predicting that nearly thirty percent of all new positions created in the U.S. will fall into this category by 2020. That is an enormous portion of the economy being driven, not only by Healthcare, but by the technology that oversees it. (bloomberg.com, 11/28/2012)

"There is already a shortage of workers and it is growing. Right now people can pretty much make their own opportunities. This change in Healthcare is a major shift of the economic authority for the entire country. In a way, it is really anyone's game to lose. This is a massive industry being created. Here is where everyone will look back and say, ‘I wish I would have jumped in at that point.' This is that point," encourages John Burkhardt Managing Director of Medzilla.com.

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About MedZilla.com:

Established in mid-1994, MedZilla is the original and leading web site to serve career and hiring needs for professionals and employers in biotechnology, pharmaceuticals, medicine, science and healthcare. The MedZilla jobs database contains about 7,500 open positions. The resume database currently contains over 295,000 resumes with 26,500 less than three months old. These resources have been characterized as the largest, most comprehensive databases of their kind on the web in the industries served.

MedZilla(R) is a Registered Trademark owned by MedZilla Inc. Copyright (C)MedZilla, Inc. Permission is granted to reproduce and distribute this text in its entirety, and if electronically, with a link to the URL http://www.medzilla.com. For permission to quote from or reproduce any portion of this message, please contact MedZilla, Inc. at press(at)medzilla(dot)com

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Contact: MedZilla, Inc.
Phone: (360) 657-5681
press(at)medzilla(dot)com

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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/12/prweb10247748.htm

 

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