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Industry Trends- Optimistic Forecast for 2006

Jan 10, 2006

Executives are bullish on the New Year. Over half of the executives surveyed by ExecuNet indicate that they have some degree of confidence that the Executive job market will improve in 2006.

The Wall Street Journal's career journal suggests, "Consider focusing your efforts on companies in the health-care, biosciences or technology industries. Recruiters and economists say these fields will lead the nation in new-job creation in 2006. Most growth in these industries will be seen in rank-and-file clinical and technical jobs, but opportunities for executives and professionals will increase as companies in these fields expand. The forecast comes amid a healthy outlook for the broader senior-level job market."

One indication the economy is back on track came when the Labor Department reported the economy created 215,000 jobs in November - a strong number in line with economists' expectations.

"Three months ago, we were hearing murmurings about a recession," says Anthony Chan, chief economist at JPMorgan Asset Management in Columbus, Ohio. "Now, the concern is the economy will be so strong next year, it will encourage the Federal Reserve to club it to death."

“The general outlook is as promising as it has ever been,” says Matt Gardner, president of the Bay Area Bioscience Center (BayBio). "The jobs will be out there next year, but you’ll have to pursue them with vigor and enthusiasm."

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