An article this week seemed to illustrate a dramatic decline in HR jobs since 2004, although certain sectors have recovered and grown since the recession
If the New York Times is to be believed, the 2008 recession accelerated the decline of HR – and the industry has never reached 2004 levels again.
Using data from the Bureau of Labor Statistics’ Current Employment Statistics program, the newspaper illustrated that although the recent uptick in HR jobs has been encouraging, the effects of the recession linger on.
Image: New York Times
However, there is good news for recruiters. Staffing services are on the rise, although other consultants don’t seem to be doing quite as nicely. According to CES data for human resource consulting services, employment fell from 79,200 to 76,100 over the past year.
Thankfully, any fall in HR employment seems to have bottomed out, since the BLS is projecting slightly higher than average job growth for HR managers to 2022. HR manager positions are expected to grow 13%, above the overall average growth of 11%.