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CNN Today

Which Jobs Were Hot in 2000?

Aired January 5, 2001 - 2:06 p.m. ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

LOU WATERS, CNN ANCHOR: Fresh signs today of a slowdown in the U.S. economy at the end of a week of conflicting signals from WALL STREET to Washington. Today, concerns about lower corporate profits and stagnant employment are pushing stock prices much lower.

One of the New Year's most important economic reports shows the nation's jobless rate unchanged, 4 percent for December. The Dow Jones industrials have dropped a couple of hundred points. Right now, they're down about 220 points.

NATALIE ALLEN, CNN ANCHOR: With a look at which job categories hold the most promise and which were the big losers last year, here is CNN's Jennifer Auther.

(BEGIN VIDEOTAPE)

JENNIFER AUTHER, CNN CORRESPONDENT (voice-over): Metal workers, machine operators, truck drivers, typists, and secretaries were the big losers, seeing their job opportunities dwindle in the year 2000. The Boeing company no exception. Hundreds of assembly jobs on the Delta rocket and the C-17 military aircraft are leaving Southern California.

LOU SANTO, BOEING EMPLOYEE: If, say, this Delta-4 rocket slows down, there may be work on the space shuttle.

AUTHER: As Lou Santo wonders if he can parlay one job into another, Boeing is hiring engineers.

GALE SCHLUTER, BOEING COMPANY: We have open requisitions for on the order of about 300 special skills, and at the same time we expect to offload on the order of about 400 or 500 people between now and the middle of 2001, and those people are specifically technicians.

AUTHER: The government predicts occupations requiring an associate degree or higher education will account for 40 percent of total job growth by 2008.

RON BIRD, ECONOMIST: With technology changing rapidly more than ever before, the concept of lifelong learning becomes important. People will probably change careers three times over their lifetime.

AUTHER: Even as a slowdown in U.S. economic growth has caused some dot.com company failures, larger firms such as Yahoo! and eBay are looking for talent.

MEG WHITMAN, CEO, EBAY: When you go from 17 people to 1,700 people in just under three years, that creates tremendous stress. And we will grow again as much probably in the next three to four years.

AUTHER: In an increasingly dot.com-dominated culture, computer skills eclipse the U.S. Department of Labor's list of future fastest- growing occupations. As for jobs gained in 2000, teaching and food service were among the more fertile fields.

(on camera): With the Internet speeding up many job searches, the Washington-based Employment Policy Foundation predicts the median time necessary for job seekers to find work in the New Year may drop below 6 weeks, especially during this time of historically low unemployment.

Jennifer Auther, CNN, Los Angeles.

(END VIDEOTAPE)

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