March Jobs Report: Which Sectors Will Grow?

Last Updated Apr 2, 2010 9:06 AM EDT

The March jobs report is in from the Bureau of Labor Statistics and they are...eh...

Don't get me wrong, job growth is always preferable to job loss, so I like that 162,000 new positions were created--the largest number in three years. But that darned 9.7% unemployment rate isn't going to budge until we start putting up 200K + jobs a month. Given that last month there were 48,000 Census workers hired, we may need to wait a while for the full-time numbers to rise to those levels.

There was also some sobering news tucked away in the report: the number of long-term unemployed (those who are jobless for 27 weeks and over) increased last month. In March, 44.1% of unemployed have been jobless for 27 weeks or more--ouch.

Still, with more than 8 million jobs lost during the Great Recession, it looks like we are finally turning a corner. Here are the sectors that are likely to see the strongest job growth:

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    Jill Schlesinger, CFP®, is the Editor-at-Large for CBS MoneyWatch. She covers the economy, markets, investing or anything else with a dollar sign. Prior to the launch of MoneyWatch in 2009, Jill was the chief investment officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.

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