Service industry jobs on the rise - WALB.com, Albany News, Weather, Sports

Service industry jobs on the rise

Posted: Updated:
  • More WALB News10 HeadlinesMore News Headlines

  • Thursday, June 20 2013 12:09 AM EDT2013-06-20 04:09:02 GMT
    The Albany Water Gas and light commission is preparing customers for a change that starts soon for those who pay with debit or credit cards.   WG&L leaders say the utility is paying $20,000 dollars a month
    The Albany Water Gas and light commission is preparing customers for a change that starts soon for those who pay with debit or credit cards.
  • Wednesday, June 19 2013 11:41 PM EDT2013-06-20 03:41:18 GMT
    An Albany man who was born when Woodrow Wilson was president celebrated his birthday today. Century Pines Assisted Living Center threw a party for resident Charles Walker who turned 101 today. Walker was
    An Albany man who was born when Woodrow Wilson was president celebrated his birthday today.
  • Wednesday, June 19 2013 11:34 PM EDT2013-06-20 03:34:54 GMT
    For years, the area right across the street from the RiverQuarium has been rundown, but that's changing. A couple of businesses are thriving there. The new art park is open, and a sidewalk improvement
    For years, the area right across the street from the RiverQuarium has been rundown, but that's changing.

While some industries are struggling to regain jobs lost during the recession, some jobs are in demand and thriving.

National Labor Department figures show that service industry jobs Such as accountants are some of the quickest to bounce back in the job recovery.   

Services people and businesses need are thriving. Accountants and financial advisors to help with tax, book keeping, and retirement issues are needed, and companies are working to hire now.

Before 24-year-old Caleb Holloway graduated from Georgia Southern with his masters in accounting in May, he found a number of accounting firms at a job fair ready to interview him and his classmates.

"I wouldn't say easy, but there was actually a large demand for accountants at the time," said Caleb Holloway, Draffin & Tucker Accountant.

Holloway liked Draffin and Tucker Certified Public Accountants best, and is now a staff accountant level one. While layoffs and jobs are tough in many professions, the demand for accountants is soaring.

"We are continuing to hire. We hired eleven people in 2012. 9 of them have already started and two more will begin later this fall. We hired nine in 2011, so we outpaced our 2011 hiring," said Jeff Wright, Draffin & Tucker Managing Partner.

At Wells Fargo Advisors, business is good and they are hiring the best people.

"We're interested.  We're looking.  And we'll do a lot of things to do what it takes to lure in the best people we can get," said Vic Sullivan, Wells Fargo Advisors Branch Manager.

The need for their services causes the demand.  With millions of baby boomers drawing near to retirement, people want the best financial advice they can get. With tax and health care laws changing, businesses are doing the same.

 "Folks are continuing to look for innovative ideas with the economy.  The challenges, and the pressures that are occurring there," said Wright.

That demand for financial advisors and accountants has service providers like Wells Fargo growing and expanding nationwide.

Caleb Holloway says that demand has translated for jobs for his classmates from Georgia Southern.

"All but one person in my close group of about 15 friends had jobs. And the semester before me, about 14 out of 15 people, had jobs," said Holloway.

Having a service in demand is pushing what job recovery is being seen, while non-essential services are still struggling.

According to the labor department, some of the losers in the job recovery, manufacturing and legal services. Only 15 percent of manufacturing and construction jobs have come back since the recession, while legal services have regained only 17 percent of lost jobs. 

Many law firms say they have slashed revenue and jobs due to less litigation.

Draffin and Tucker are expanding its offices in Atlanta and Albany because of high demand for their services.

 Copyright 2012 WALB.  All rights reserved.