Word: sectoral
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...prospects for college grads, which had been on the rise since 2004, dropped in virtually every sector this year. The most dramatic decline was, not surprisingly, in finance, which hemorrhaged 71% of expected job openings. Less expected but equally troubling is the 37% decline in hiring for professional services, which include accounting and engineering. "Poor hiring estimates from this area speak to the depth of the recession in the college labor market for the class of 2009," the report says. (See TIME's special report on paying for colleges...
Government is essentially the only industry planning to hire more new grads this year than last, as the new Administration expands and a graying workforce retires. (The only other sector with plans to increase hiring - that of distribution, transportation and utilities - had too few respondents for the projection to mean much.) The uptick in government recruiting is obvious to students. Last year, notes Dorothy Kerr, executive manager of Rutgers University's career services, there were just 15 government and nonprofit employers at the annual Big East Career Day in Manhattan's Madison Square Garden; others were kept out to make...
...would like to think that change is possible anywhere, but the reality of some places, like Egypt with a repressive government suffocating the citizen sector, is that it may not be possible. How do you address these challenges...
...DeParle comes to the job with a wide range of private-sector connections, some of which could prove problematic. For years she worked as a health-care adviser at JPMorgan Partners, a private equity firm, and CCMP Capital Advisers, another private investment firm with significant health-care holdings. She has served as a director on companies as varied as Cerner, which develops electronic medical records, and DaVita, which provides dialysis service. The companies and their investments could well be effected by the direction of health reform, which will necessarily seek to reduce costs in some areas, while increasing investments...
...Chinese safety system, as various agencies have battled for control and potential revenue from fines. "It's a problem," says Hu Dinghuan, a researcher with the Chinese Academy of Agricultural Sciences. "There are too many responsible departments." He advocates putting more of the burden on the private sector. (Read "China's Melamine Woes Likely to Get Worse...