Many top economists in the USA believed that the job market would see an exponential growth rate in July; however, it did not happen, and it has been confirmed by the government. The pundits were of the view that more than 1,00,000 new jobs would be added in the existing scheme of things; however, that view turned out to be far from being true. Only 73,000 new jobs were added in the month of July, which was far less than the initial expectations. However, these numbers aligned with the figures of May and June, when fewer jobs were created than expected. If these numbers are seen as a trend, then this year might turn out to be one of the worst years in the USA in terms of new employment generation. These numbers can be seen as a part of bigger job trends in the USA where hiring is slowing because of lesser business growth. One of the biggest US employment news stories for this year is that the hiring rate is much lower than the expected rate.
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However, these hiring rates are not suggestive of the growth in certain sectors of the USA. Sectors like health care and social assistance are generating some of the most in-demand jobs in the USA. The hiring rate this year in the US, particularly in hospitals and clinics, has been the most impressive. However, one of the most traditionally sorted jobs in the USA, which is the federal government jobs, has unexpectedly shrunk. To add a bright spot to it, software jobs in the USA have registered a growth of 7 percent this year. Similarly, cybersecurity jobs in the USA have registered an impressive growth of 4.5 percent. Cybersecurity jobs in the USA are being created at an impressive rate in both the private and public sectors. Jobs in cybersecurity are among the fastest and most in-demand roles in the USA this year.
One of the key points of discussions surrounding employability this year in the USA is that wages this year have risen to an impressive rate. The average hourly wage rate in the USA registered an impressive growth of 4% compared to the previous year. This is definitely going to help the young Americans who often struggle with funds. If a summary is made of the current employment trends in the USA, some of the highest-paying jobs in the USA are generated in the sectors of technology, engineering, and medicine. The demand for remote jobs in the USA has also seen a great rise. The demand for remote jobs in the USA has seen an impressive jump of 15% this year compared to last year. As per reports, at present, the tech sector, along with customer services, is generating the highest remote jobs in the USA. The demand for AI jobs in the USA has also registered growth this year compared to last year.
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Economic experts have agreed that the best careers in the USA in 2025 are now shifting toward more technical roles. And this is the reason why cybersecurity and AI jobs in the USA are now on the rise. Young professionals can look to upgrade themselves in these areas, as these jobs promise the brightest career if the current scenario is taken into account. Upskilling at present is the need of the hour to stay relevant in the US. Experts suggest that upskilling, particularly in the areas of cybersecurity and AI, can enhance prospects in the job market. However, soft skills like sound communication still hold as much value in the present as before. The gig economy of the USA is expected to rise by an impressive 5% this year, which provides new hope to the unemployed youths of the country.