In July recruiting and hiring activity revolved around senior roles: Senior Account Executives, Senior Product Marketing Manager, Technical Marketing Manager, DevOps, and Senior QA Engineers. The primary hiring occurred by companies focused on Semantic Intelligence Software, AdTech Platform, Customer Loyalty/Retention Technology, Game Development Technology, and CRM for Google Apps.
The American economy revved up the second quarter with GDP hitting a seasonally adjusted annual rate of 4.0%, according to the Department of Commerce. This is higher than the 3.0% forecast by economists for the quarter, reports the Wall Street Journal. “Annual revisions indicate the economy expanded at a 4.0% pace in the second half of 2013, the best six-month stretch in 10 years.”
The BLS jobs report came in at a gain of 209,000 jobs in July. This marks the sixth straight month of job gains greater than 200,000, the healthiest pace of job creation over that length of time since 2006. The leading employment creators were professional and business services (+47,000 jobs), manufacturing (+28,000), retail trade (+27,000), construction (+22,000), social assistance (+18,000).
U.S. trade in Technology Goods & Services totals more than $1 trillion, providing a trade surplus of nearly $5 billion according to TechAmerica. “Tech services are a key growth driver of tech exports. Telecommunications in particular feed both exports in goods and services, noted by the 9 percent increase in telecommunications services from 2011-2012 and the 6.6 percent increase in communications goods from 2012-2013,” said Matthew Kazmierczak, senior director of research and market intelligence at TechAmerica Foundation. “Other key tech services include systems design, software, R&D and testing, and Internet services such as cloud computing and mobility strategy.”
The Conference Board Consumer Confidence Index® has improved over the last two months, and now stands at 90.9. “Consumer confidence increased for the third consecutive month and is now at its highest level since October 2007 (95.2). Strong job growth helped boost consumers’ assessment of current conditions, while brighter short-term outlooks for the economy and jobs, and to a lesser extent personal income, drove the gain in expectations. Recent improvements in consumer confidence, in particular expectations, suggest the recent strengthening in growth is likely to continue into the second half of this year,” stated Lynn Franco, Director of Economic Indicators at The Conference Board in a press release.
A new survey by American Express shows that U.S. Middle Market Companies Looking to Hire. “Conditions are ripe for investments at medium-sized enterprises over the next six months, according to the inaugural American Express Survey of Mid-sized Companies. Revenues are reported to be up year-over-year (70%) and a large majority (91%) of U.S. middle market companies are confident they can access the capital they need to grow. More than eight-in-ten firms (81%) plan to make an investment in human capital and hire staff over the next six months,” the company reported in a press release on their site.