On May 27, the National Association for Business Economics Outlook released a report indicating that economic growth will rebound in the second half of 2009.
However, the report noted that job growth would be slow, with unemployment declining only half of one percent - from 9.
8% to 9.
3% through the end of 2010.
There is little doubt that the most severe economic decline in decades has led to changes in consumers' behavior.
Individuals who have experienced furloughs, layoffs or job elimination due to company closings are making the decision to pursue careers that offer more protection during times of economic blight.
This includes renewed interest in the study of cosmetology.
Indeed, interest in beauty careers is at an all time high.
Jim Cox, Executive Director of the American Association of Cosmetology Schools says that a significant benefit beauty careers offer is that they can't be outsourced, "You simply can't get a haircut on the Internet or a facial on the phone," Cox noted.
Cosmetology schools around the nation are experiencing an increase in enrollments, as individuals think long-term about their career and a job's ability to withstand economic tumult.
Why do careers in beauty tend to fare well during economic downturns? oThe Lipstick Index - In the 1980's, Leonard Lauder, husband of beauty industry icon Estee Lauder, coined the phrase "lipstick effect" to refer to the trend that even in times of economic duress, individuals still want to "treat" themselves..
oPrevalence - Virtually every town and city has a hair salon.
In the U.
S.
, Texas has the most salons; Wyoming the fewest; but salons are as much a part of town as the gas station and the grocery store.
oFlexibility - The 40-hour, Monday through Friday corporate schedule simply is not in synch with the autonomy and control that today's millennial generation desires.
oReality TV - Programs such as Bravo's Shear Genius have highlighted the talents and opportunities cosmetology careers offer.
oEntrepreneurial Element - Despite sweeping changes in society, the American Dream is still alive and well.
Careers in cosmetology allow one to advance as far as far as their work ethic, energy and ambition allow.
oSpeed to Market - Depending upon the student's schedule, most curriculums can be completed in about 10 months.
oEarnings - Stylists average about $43,000 annually, excluding tips.
oAvailability - Careers in beauty remain one of a handful of occupations that offer more positions than applicants.
The U.
S.
Department of Labor projects that job openings in cosmetology will exceed the national average for other industries throughout 2015.
However, the report noted that job growth would be slow, with unemployment declining only half of one percent - from 9.
8% to 9.
3% through the end of 2010.
There is little doubt that the most severe economic decline in decades has led to changes in consumers' behavior.
Individuals who have experienced furloughs, layoffs or job elimination due to company closings are making the decision to pursue careers that offer more protection during times of economic blight.
This includes renewed interest in the study of cosmetology.
Indeed, interest in beauty careers is at an all time high.
Jim Cox, Executive Director of the American Association of Cosmetology Schools says that a significant benefit beauty careers offer is that they can't be outsourced, "You simply can't get a haircut on the Internet or a facial on the phone," Cox noted.
Cosmetology schools around the nation are experiencing an increase in enrollments, as individuals think long-term about their career and a job's ability to withstand economic tumult.
Why do careers in beauty tend to fare well during economic downturns? oThe Lipstick Index - In the 1980's, Leonard Lauder, husband of beauty industry icon Estee Lauder, coined the phrase "lipstick effect" to refer to the trend that even in times of economic duress, individuals still want to "treat" themselves..
oPrevalence - Virtually every town and city has a hair salon.
In the U.
S.
, Texas has the most salons; Wyoming the fewest; but salons are as much a part of town as the gas station and the grocery store.
oFlexibility - The 40-hour, Monday through Friday corporate schedule simply is not in synch with the autonomy and control that today's millennial generation desires.
oReality TV - Programs such as Bravo's Shear Genius have highlighted the talents and opportunities cosmetology careers offer.
oEntrepreneurial Element - Despite sweeping changes in society, the American Dream is still alive and well.
Careers in cosmetology allow one to advance as far as far as their work ethic, energy and ambition allow.
oSpeed to Market - Depending upon the student's schedule, most curriculums can be completed in about 10 months.
oEarnings - Stylists average about $43,000 annually, excluding tips.
oAvailability - Careers in beauty remain one of a handful of occupations that offer more positions than applicants.
The U.
S.
Department of Labor projects that job openings in cosmetology will exceed the national average for other industries throughout 2015.
Source...