As of June 2009, the U.S. Bureau of Labor Statistics reported that the unemployment rate is now at 9.5%, with roughly 14.7 million people currently unemployed.
Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business services, and construction.
With news like this, employers are probably spending more time trying to figure out who should be laid off instead of who should be hired.
Yet, one industry seems to be growing - biotechnology.
While America spent 8 years trying to figure out better ways to blow up sand in the Middle East, the rest of the globe was trying to cure Parkinson’s disease, patch damaged hearts, replace the pancreas, rewire the spinal cord, cure cancer and restore memories lost in the fog of Alzheimer’s disease.
Even Iran is rumored to be at the forefront of stem cell research. America, the country that discovered how to fly, land on the moon, and send e-mail, is about to let Iran be the first to discover the fountain of youth!
Fortunately, President Obama signed an executive order that allowed federal funding for stem cell research once again. Now more than $10 billion in stimulus money has been slated for it.
Companies that nearly faced extinction like Advanced Cell Technology, Inc. (ACTC) are now actually hiring. To completely understand how drastic of a change this is for the sector, you must realize that just a year ago some stem cell companies had to turn the phones off just to keep the lights on.
So, if you are looking for an exciting new career in the world of stem cell research, then America needs you to help restore science to its rightful place.
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