Staffing & Employment News

Mixed Signals

 

While ADP projected a gain of 201,000 private payrolls last Thursday, the very next day the BLS employment data reported that only 103,000 private sector jobs were created. The anemic jobs report begs the question of whether the Fed will start another round of easing.

 

Despite the poor hiring numbers, the Monster employment index rose 9 points in August to 156, showing a fairly consistent climb upwards since 2010. And a two-month period of revenue deceleration among staffing firms halted in July, reports to the most recent “Staffing Industry Pulse Report”. Produced by Staffing Industry Analysts, the report included data from 146 staffing firms.

 

The ExecuNet Recruiter Confidence Index slipped recently, however the growth-projected bright spots are: healthcare, high-tech, Pharma and Medical Devices, and Business services. The Association of Executive Search Consultants  recently published figures stating that Q1 in 2001 was the highest revenue point since 2008 and that Q2 2012 came in below Q2 2011.

 

As our own revenues have continued to climb annually since 2008, and we’ve greatly surpassed Q2 2011’s revenues 3 out of 4 subsequent quarters, Redfish Technology’s contingent executive search business is growing strong compared to the overall search industry. If you are hiring in the information technology, software, eCommerce, Cleantech, and renewable energy sectors, visit Redfish Technology today to hire outstanding talent and work with a dynamic motivated team of expert recruiters.

 

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