What is hot today? Follow the money. To which industries is money flowing the most heavily? What are people investing in? Where is the greatest potential for growth? Where will it be the easiest to get hired and promoted?
If you really want to know, you need to go to Investor’s Business Daily. The chart is called, “IBD’s 197 Industry Group Rankings”. The latest copy is http://www.investors.com/pdf/IBD197_052214.pdf. It wasn’t in their paper today, so I had to go online and get a free 4 week subscription to see it. Go to http://news.investors.com/otheribddata.aspx and look under the link for “197 Industries Table” I’ll keep an eye out and let you know if they put it in the papers on only some days.
The chart lists all the major industry sectors in the USA. Then it ranks them according to how well stocks have performed in the last 6 months. The industries at the top of the chart are the ones everyone is investing in. The ones at the end are the ones being abandoned.
It says that the medical software industry is the biggest loser. Oil & gas transport is the biggest winner.
Just because money is flowing out of an industry does not mean it is doomed. It does mean that it will be hard to find a new job in that industry. It means that you have to show a strong ability to save big money or make big profits to get hired. In the losers, being a bankruptcy specialist guarantees a job.
I always try to fish where the fish are abundant. I hunt where the animals I seek are the thickest. I job search where the jobs and promotions are plentiful. Time to do a little research to make sure you are looking where the jobs are plentiful.
The contest does not always go to the strong, nor the race to the swift, but that’s the way to place your bet.
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Something To Do Today
Print out or cut out the 197 Industry Group Rankings chart and pin it to your wall. Study it so that you understand each column. Compare what is hot today to what was hot a year ago. Are you hunting where the jobs are thickest?
Tomorrow: Olympic class talent