Staffing and Employment News

Recruiting Forecast

Recruiters and hiring managers forecast modest job gains in early 2012, according to a national survey conducted by Dice Holdings Inc. released on November 28. In fact, almost half (47%) of hiring managers and recruiters surveyed said they plan additional hiring during the first half of the year. 43% of hiring professionals said that despite the economy, hiring plans have not changed; 21% are increasing hiring, and 30% are revising hiring plans downward.

“With so much uncertainty in the air when it comes to the economy and job creation, it’s a surprisingly positive sign that nearly half of respondents are optimistic about hiring at the start of 2012,” said Scot Melland, chairman, president and CEO of Dice Holdings. “Although modest in size, we’ve added private-sector jobs for 20 months now, and that modest job growth looks set to continue. We need to focus on removing any hurdles that impede companies from investing in America’s talent.”

The numbers

ADP’s November private payrolls estimate almost doubled (206,000) over October’s (110,000). The Bureau of Labor Statistics employment report was a bit less heady with Private payrolls increasing by 140,000 over October. Gains in employment were seen in retail trade, leisure and hospitality, professional and business services, and health care. Revisions for September and October were up net 70,000. The unemployment rate fell by 0.4 percentage point to 8.6 percent in November.

IT employment continues to show growth monthly. The TechServe Alliance monthly index shows that more than 7,000 IT jobs were added in October, an increase of 87,000 positions from October 2010, or 2.2 percent. “According to both data and the anecdotal reports of my member companies, demand for IT professionals in key skill sets remains strong,” said TechServe Alliance CEO Mark Roberts. According to the Brookings Institute, rising computer and electronic exports to Asia fueled that industry’s 7 percent job growth in the third quarter in Silicon Valley.

Clean energy project investment had a record quarter: Q3 2011 saw a surge in wind farm and solar park financings, as well as in merger and acquisition activity. In Allentown, PA, by jobs in basic chemical manufacturing are growing again thanks to strong demand from Latin America.

Confidence

The Conference Board’s Consumer Confidence Index improved last month after reaching recessionary levels in October. It now stands at 56.0 (1985=100), up from 40.9 in October. The National Federation of Independent Business (NFIB) owners reported a workforce reduction again for the 5th month; but at the same time reported that Small Business Optimism did rise slightly in October.

Related Reading suggestions from Redfish Technology

DICE HOLDINGS, INC.: Hiring Managers’ Plans Surprisingly Steadfast: Modest Job Gains Expected in Early 2012

Small-Business Confidence Ticks Upward: Still Weighed Down by Dominant Negative Forecast

BLS Employment Situation Release

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