The numbers are in from May on the economy and reports are showing 138,000 new jobs were created. This fell slightly short of the 180,000 that were expected, yet there was still a heavy increase in newly formed jobs representing a strong economy. Recruiting agencies and staffing firms have noticed employers vying for the same talent. The unemployment rate has fallen to 4.3%, a 16-year low. The household survey showed that there was a 233,000 person drop of unemployed workers in the last month.
Employers notice a shrinking pool of candidates because of the low unemployment numbers and have been come to recruitment firms and staffing agencies. Both high-skill and low-skill workers are in demand. Healthcare and the service sector were leaders in employment growth. Professional services and business services added 38,000 new positions. This was the strongest growth of all sectors. Healthcare added 24,000 new jobs. Bars and restaurants also added 38,000 new jobs. Government and retail were some of the biggest losses of jobs, losing 8,000 and 6,000 respectively.
Recruitment agencies and executive search firms have seen since 2012 a tremendous period of stead and solid job growth. With many baby boomers retiring, the growth of new jobs will likely absorb most of the new graduates entering the workforce. Twice in the past year more than 200,000 jobs have been added in a month. The average number of jobs added in the last few months is 121,000. The hiring of highly skilled workers is at an all time high.
About Recruitment Intelligence™
The Recruitment Intelligence™, a division of ARC Group, provides a solution that empowers companies by giving them access to the 85% of candidates not actively seeking employment (passive candidates). Clients receive a full report that compiles real-time market analytics including salary and benefits data, both on a local and national scale, as well as recorded video interviews of qualified candidates. Our research based talent mapping solution is perfect for companies of all sizes and is a refreshing alternative to typical Recruitment Agencies. We handle searches in all major cities, including Miami, Fort Lauderdale, Jacksonville, Boston, New York City, Washington, Chicago, Austin, Seattle, Los Angeles, San Francisco, Silicon Valley, etc. No matter what your hiring needs, we can help you secure the talent you would never get access to through running ads alone.