Personal Finance Daily: Are you ready for shifts in the job market ...

By MarketWatch

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Even before the recession, we kept hearing that America?s manufacturing jobs were disappearing and that job growth would likely be found in the health-care and technology sectors. Not so fast. While these statements are still generally true, the reality is that the job market is changing very quickly and many well-paid, middle-class jobs are becoming extinct ? even in health care and technology. Ruth Mantell writes today that the outsourcing of jobs and the development of new technologies may well mean that very skilled and well-paid pros, such as radiologists and computer programmers, may need to re-tool their career plans.

Also in today?s Personal Finance section, Andrea Coombes reports that airfares and hotel rates for business travelers are going up. The rising cost of oil and a resurgence in business travel are behind the increases.

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Anne Stanley
, Managing Editor, Personal Finance

Your well-paid, middle-class job is in danger

The job market is changing, and it?s not just manufacturing jobs that are disappearing. Even some highly-paid workers may find themselves needing to re-tool their skills in the years ahead.

Read more: Your well-paid, middle-class job is in danger.

Airfares for business travelers jump 10%

Business people are paying more for travel this year, with average domestic airfares jumping 10% in the first quarter compared to the same quarter a year ago, and hotel room rates rising 3% in that period, according to the American Express Business Travel Monitor.

Read more: Airfares for business travelers jump 10%.

Foreclosures fall to 42-month low: RealtyTrac

Foreclosure filings fell 2% in May, compared with April, pushing foreclosure activity down to a 42-month low, according to RealtyTrac?s monthly foreclosure market report, released on Thursday.

Read more: Foreclosures fall to 42-month low.

30-year fixed-rate mortgage inches to 4.5%

Mortgage rates changed little this week, with the 30-year fixed-rate mortgage inching up to 4.5% from last week?s 4.49% average, according to Freddie Mac?s weekly survey of conforming mortgage rates.

Read more: 30-year fixed-rate mortgage inches up to 4.5%.

Article source: http://www.marketwatch.com/news/story.asp?guid=%7B30B50659-4753-4C2A-9D6F-A26131769C8C%7D&siteid=rss&rss=1

Source: http://loans.ismyblogs.name/personal-finance-daily-are-you-ready-for-shifts-in-the-job-market/

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