#224. Moody’s Job Outlook

Moody’s Job Outlook

Moody’s, an economic consulting firm, recently released a study that looks at state-by-state job growth over the next three years. It’s a good news, bad news scenario. The good news, Moody’s predicts that overall in the United States, we should see job growth by mid-2010, with total jobs growing by approximately 11 million through the end of 2012. The bad news, we won’t see job growth in the U.S. until mid-2010.

An interactive graphic shows last year’s actual job growth/loss and Moody’s Economy.com’s forecasted job growth/loss for 2009 through 2012, in total and by sector. It covers every U.S. state and 384 metro areas, subdivided into fourteen industry sectors, including manufacturing, construction, and financial activities. The data is seasonally adjusted. Check it out here.

The outlook for individual states and sectors varies widely. It is encouraging to see the turnarounds predicted for all sectors.

At Agracel, we are seeing a marked increase in inquiries for new facilities, with companies looking out two and three years. We firmly believe that the bottom in the 08/09 recession is close or has passed.