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Tuesday
Feb122013

Careers Searches Are About More than Unemployment Rates

It's easy to become caught up, during your career search, in trying to find a job in a sector with a low rate of unemployment. After all, isn't a sector with low unemployment a strong sector and a good place to look for a job? While this is true, the unemployment rate only tells part of the tale of a sector's strength and of your potential future earnings. Allow us to explain.

While you may spend less time looking for a job in a sector with low unemployment, you should also consider its future wage growth. After all, why spend time in a sector with wages and salaries that won't keep up with inflation? So, how should you go about finding more information on wage growth in the various sectors? Start with the Department of Labor's Bureau of Labor Statistics. They keep good, current, data on a number of wage-related topics. After that, you should check news articles in major financial publications, such as the WSJ.

Happy rising-wage career hunting!

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