Hot-job lists often misleading, overrated

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Registered Nurse Tung Tran hangs an I.V. bag for a patient at the University of Miami Hospital's Emergency Department .

Hot-job lists tout occupations with endless positions to be had in a host of professions. But in reality, these lists can be meaningless when it comes to ultimately landing a job.

I’m stressing this today because every time we run studies on growth occupations — done by private companies and the government — we get a flurry of comments from readers about how some of the so-called hot jobs aren’t hot at all. Some of you are unable to find jobs or good pay in the professions these lists extol as booming, and others were laid off from these supposed growth gigs.

Here’s a sampling of comments we got after a story ran Wednesday on the 10 hardest to fill jobs, including everything from nursing to skilled trades: 

“My son has been looking for a decent machinist position since he got out of college,” wrote Old Dad.

And HookedOnSprockets, a skilled construction worker, noted: “I laugh at the people who call me; they are desperate for workers but unwilling to pay fair wages.”

A question I posed on Twitter about whether hot-job lists were bogus was largely met with yeas. This tweet is from seasoned college recruiting expert Sharon Wiatt Jones, aka @WiattJones: “Yes, they often include college professor. Only about half finish Ph.D. and tenure track positions declining fast.”

Indeed, just because a job is labeled hot, doesn’t mean you’ll find a plethora of jobs where you live, or a fat paycheck. And even if there are lots of jobs that need filling, that doesn’t mean an employer will hire you, because maybe you don’t have the exact experience, or you may be a victim of age discrimination, labor experts stressed.

“There are many factors that go into each individual’s probability to find a given job,” said Enrico Moretti, an economist at University of California, Berkeley, and author of “The New Geography of Jobs.”

Moretti believes the availability of jobs is largely based on geography.

“There are vast differences across cities in the types of jobs available,” he explained. “Hot-job lists might give you an average, but what really matters is where you live. Like the latest unemployment numbers, which were pretty disappointing, but if you look at some regions, or cities, they are actually doing well.”

Another factor is the ever-changing landscape of job opportunities. A shortage in one particular occupation today could end up being a glut tomorrow.

Case in point: nursing. For years, we wrote about reports predicting an impending nursing shortage, and that prompted many people to head to nursing school.

Now, things appear to have turned around. An April report in the New England Journal of Medicine titled “Registered Nurse Labor Supply and the Recession — Are We in a Bubble?” by professors at a number of universities found:  “The decade-long national shortage of RNs appears to have ended.”

That doesn’t mean this will be the case a decade from now. The researchers pointed out that:

Over the next several years, many RNs who entered the work force during the economic downturn are likely to leave their jobs once the economy recovers. Yet because there is no empirically based understanding of how recessions affect transitions into and out of the RN work force, employers and work force planners are unable to anticipate how many nurses might choose to leave the work force once a robust jobs recovery begins.

This shows how volatile any occupational prediction can be, and how economic twists and turns can turn today’s hot job into tomorrow’s not job.

In many of the so-called hot business professions, for example, offshoring of jobs has been a source of pain for workers and those wanting to get into these professions and make good money.

A recent report by the Hackett Group on offshoring showed that by 2016 an additional 750,000 IT, finance, and other business services jobs will head to India and other countries where wages are lower than here.

But, the report added, “additional offshoring in these areas will begin to decline by 2014, and in the next eight to 10 years the flow of jobs offshore is likely to cease, as companies simply run out of business services jobs suitable for moving to low-cost countries.”

Clearly, it’s hard to know on what to base a decision to pick a major, get more schooling or change careers. 

The most detailed national projections on occupations come from the Department of Labor’s Bureau of Labor Statistics' Occupational Outlook Handbook. Indeed, many of the top-job lists out there are based on this exact BLS data. 

The report, however, wasn’t created for people looking for an occupation to get into in the near term.

“It was created for high school students to give them an idea of skills and types of jobs that will be available for them,” said Gary Steinberg, a spokesman for the BLS. “It matches their interests with what’s out there in the workplace in 10 years.”

The BLS does have a great deal of data on job openings right now based on industry, he noted. 

But he cautioned that the data the BLS provides shouldn’t be used as a career decision be-all and end-all. “It’s one piece of the total picture,” he said. “It’s guidance and help for people looking at a career change or to know something about an occupation.”

So don't just use a list to make expensive decisions, such as whether to sign up for job training.

"Unless you are already trained in the area or are already in the process of being trained, the job prospects eventually turn scarce or the pay drops significantly due to an excess supply of newly qualified candidates, many of whom are now strapped with debt from getting the training needed," advised Kevin Burns, director of the undergraduate business career center at the W.P. Carey School of Business at Arizona State University.

"The only group that really profited was the institution that sold  the training," he continued. "Be very careful about jumping at a hot job that requires significant debt. Do the math and make sure that the long-term earnings are significantly greater than the debt plus interest required."

If you want to figure out what the hot jobs are nationally or in your region now, Moretti suggested going right to the bottom line: Wages paid for particular positions. (The BLS offers this information nationally and by state available online.)

“If you’re willing to move, look at geographic areas that pay the most; if you aren’t willing to move, look at your own area.”

But, he added, moving may be your best option if you really want to take advantage of growth occupations now.

“The difference in earning potential among American cities is the largest it’s been in 30 years,” he said, adding that as a result, “the return for mobility is larger than it’s been in 30 years.”

 

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Discuss this post

Many of these job 'projections' are flawed because they are based upon surveys of employers.

Employers have a vested interest in inflating the potential job numbers because they want to fatten up the candidate pool.

A larger candidate pool means they can pay employees less.

Employers are also whining that they just can't find qualified workers. That's nonsense.

What they really mean is that they are unwilling to pay for qualified workers.

  • 9 votes
Reply#1 - Fri Jun 8, 2012 9:16 AM EDT

"Unwilling to pay for qualified workers" is very true. I I worked for 5 years as a phlebotomist taking blood from people. I rose to the top of the scale & one of the best vampires! Yet now looking for a job tech schools have turned out a glut of "medical assistants". The schooling for MSs is a bit longer & their job is more paperwork involved, something I hate. But jobs seem to feel MAs are more qualified when most suck at putting the actual needle into folks(just ask patients that have been stuck by some). So jobs would rather take a chance on someone carrying $30,000+ debt over their head over a more specialized person with 5 yrs expierence. The whole deal has made me turn my back on the industry & go drive a cab. At least I dont have to deal with teenage suckups thinking they know more about my job than me.

    #1.1 - Tue Jun 19, 2012 10:10 AM EDT
    Reply

    Too true Harbringer... I've seen many good paying jobs go over seas, where the business can pay as little as a quater of what they pay here. The problem is that these massive contracting companies lie, Lie, LIE when it comes to their candidate qualifications.

    My company was hiring for technical positions and we were doing a phone interview and the first candidate who supposedly had degrees in Computer Science couldn't answer the most basic questions. However, the NEXT candidate, the very next day had some extremely pat answers. Good, but it seemed a bit wrote... Having recorded the interview, we entered our questions in google, and invariably, EVERY answer given was pretty much word-for-word from the second or third link given from google.

    So we started asking actual experience based questions:

    "What was the most difficult programming challenge you ever encountered and how did you resolve it?"

    etc.

    Again, the candidates started falling flat...

    Worse yet for the US worker is all the jobs that don't go over seas that the H1B's are taking. I know that companies have laid off MILLIONS of workers over the past 10 years, but somehow the executives are STILL screaming for more H1B's... REALLY?!?! You can't tell me that in the MILLIONS of people these ass hats have laid off, they can't find qualified candidates?!?!

    If we could seperate our elected representatives from the monied teat of business, we might get a fair shake on that... What's worse is, if you do a little looking, you'll find seminars on how to get around immigration and H1B status to bring workers over... For example, suggest to the candidates that they come over on vacation... That's an easy enough visa to get, then when they get here they can "find" a job and because they're over here now, it's apparently much easier to wrangle a work visa (the video game industry has a whole cottage industry for this).

    • 4 votes
    Reply#2 - Fri Jun 8, 2012 10:33 AM EDT

    You said it all Harginger-2218646!! I've been working in the same field for over twenty years, about 8 years ago they started having courses in what I was already doing and stating that there was a high demand for these position. Didn't think anything of it, managers and directors told me that the courses were a waste as the certified individuals did not have the knowledge of an individual that learned on the job. Now I'm unemployeed and the leads I'm receiving are paying what I earned 10 years ago!!! It's a disgusting abuse, even an unemployment representative told me that the field I was working in was a scam as their records show they hire new grads then lay them off six months later.

    • 3 votes
    Reply#3 - Fri Jun 8, 2012 10:42 AM EDT

    Most long-term job seekers have realized for quite some time that most online job lists have become inondated with spam.

    • 2 votes
    Reply#4 - Fri Jun 8, 2012 2:50 PM EDT

    Good advice to not put faith in "job growth projected" headlines. 20 years ago, while in college, I kept reading about the impending "great teacher shortage", so I changed my major to education. Not so good - wound up working in banking! Just last year I saw that headline again, and my heart broke for these kids who would do what I did! I can only hope that this generation, via the internet, can see what b.s. these types of headlines are. In my area, and so many others, teachers are now being laid off. I wonder with SO many people going into the nursing field if the same will occur there?

    • 1 vote
    Reply#5 - Mon Jun 11, 2012 8:53 AM EDT

    I had a friend whos dad had lots of money so she wanted to be a "teacher". Dad pays for the schooling & she graduates but still gets No teaching job. That was ten years ago now shes on welfare in a trailer park with 3 kids & total dispair. Dreams totally busted!

      #5.1 - Tue Jun 19, 2012 10:57 AM EDT
      Reply

      I take most of what msnbc says with a grain of salt, especially their "studies" because often they just seem to like sound of their own voice and because they have space to fill. I also think they like to lead with purposefully controversial headlines just to create a ruckus and long discussions that are frequently so off topic they are meaningless. Maybe the longer the discussion the more valuable the article in terms of advertising dollars. Who knows. I just don't take msnbc seriously on their own stories anymore.

        Reply#6 - Tue Jun 12, 2012 9:55 AM EDT
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