Fall Preview: What’s Ahead in Hiring?

Posted September 04 2013

competency-based-hiringThe unemployment rate seems to be decreasing steadily. Nevertheless, economists say there won't be a surge of new jobs until 2014.

Employers are expected to add almost 190,000 positions a month, on average, from now until August 2014, according to approximately 50 economists polled as part of The Wall Street Journal’s Economic Forecasting Survey. However, these positions are mostly low-waged service workers in the retail, restaurant, and home healthcare industries.

Business schools say they are seeing improvement in M.B.A. hiring over last year, with especially strong growth in consulting, financial services, energy and technology. Unfortunately there seems to be lack of middle-skilled jobs, which is due to automation and globalization.

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