Even before the passage of recent legislation affecting the number of federal jobs and agencies, the projected growth for publicly funded jobs was expected to be higher than average. Currently, the federal bureaucracy is the largest employer in the United States. It is uncertain at present whether all these approved agencies and positions will actually pass the test of current and upcoming budget strictures that are also looming.
Most job growth is in two main areas. Health care is the first. With aging populations in the U. S., more hospital facilities to take care of senior citizens will be necessary. Veterans facilities are just one part of the hospital and health care growth. The Vietnam War veterans are reaching retirement age. Many still suffer from physical and emotional problems stemming from that conflict. When you add veterans from the later military actions, the numbers are growing who will need more and more extensive care.
Dozens of agencies are expected to be impacted by health care legislation. New regulatory entities and agencies will be necessary to administer the specifications of the legislation. More than just direct care positions will be needed. The new agencies will require administration, supervision and compliance with legislation.
Additional jobs are likely to appear in the area of banking laws revision. Compliance officers, accountants and auditors will be supervising the monetary aspects. The government owns a majority percentage of entities such as General Motors, Freddie Mac and Fannie Mae. Positions are required to manage the legal aspects of the federal take over.
Federal jobs related to the TARP funds and the bank bailouts may be numerous. At the time of the most recent Bureau of Labor projects, the projections for the new regulations and laws were not available. The many positions and agencies are sure to affect the projections. These positions are not yet funded, so they are uncertain about the total impact of the legislation.
State government and local government job projects are also uncertain. The economic impact on these two governmental levels has been enormous. The revenues from taxes, fees and licenses has dropped significantly, so hiring has been frozen in many of the hardest hit states. Where the foreclosures are highest, the tax revenues go down dramatically. This affects all the services available through the government agency. Where states and cities must submit and live within a balanced budget, the overall forecast for jobs is grim.
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