June 8, 2015
Improved Hiring, Tech Sector Nearing Full Employment: Hiring Continues to Get More Competitive
Recruiting, Staffing & Employment News – June 2015
The job market hired more than predicted, but the unemployment rate stayed at 5.5% as more people rejoined the workforce. Tech Unemployment keeps going down and hit 1.9% last month, the lowest since June 2008. That’s nearly three times lower unemployment than in the tech sectors. With the Tech Sector nearing full employment, hiring continues to get more competitive. “Staffing firms are being hired to fill excess jobs that HR teams can’t fill internally either due to overall challenging conditions or lack of internal recruiting time and resources especially for these jobs with niche skill sets,” Meredith Amdur, president and CEO of Wanted was quoted as saying in the ERE.net article Employers Turning to Agencies to Fill Toughest Jobs.
At Redfish, the hottest tech sector hiring in May were: RF Solutions, Wine Application, Security Industry, B2B Demand Generation, App Security, Customer Care & Fulfillment Center, Cloud Hosting, Mobile Connectivity, and Social Advertising Delivery Platform. Redfish Technology placed tech talent in the roles of: Chief Executive Officer, VP of Product, Commerce Operations Manager, Customer Success Managers Senior Community Manager, Web Developer, ASIC Design Engineer, Crypto/SDK Engineer, Technical Writer, Senior Software Engineer, Software Development Engineer, Linux Technical Support, and DevOps Engineer.
The Bureau of Labor Statistics reported that the economy gained 280,000 jobs in May. That’s an average of 207,000 per month for the quarter, and 2015 passed the 1,000,000 jobs created mark. The jobs report showed the strongest growth in: professional and business services (+63,000), leisure and hospitality (+57,000), healthcare (+47,000), retail trade (+31,000), arts, entertainment, and recreation (+29,000), temporary help services (+20,000), construction (+17,000), transportation and warehousing (+13,000), financial activities (+13,000), computer systems design and related services (+10,000), management and technical consulting services (+7,000).
May 11, 2015
Rebound but questions about the pace of the bounce-back
Recruiting, Staffing & Employment News – May 2015
The hot industries in April hiring were: RF Solutions, Cloud Hosting, Big Data Analytics, HealthTech, and Mobile Data Security. Redfish placed people in the roles of: Lead ASIC Design Engineer, Linux Technical Support, Client Partner, Product Manager, Inside Sales, Lead Qualification Specialist, Developer, and Linux Technical Support.
The jobs report showed growth of 223,000 (more…)
November 10, 2014
Spooky Strong Hiring in October
Recruiting, Staffing & Employment News
Sales hiring was spooky strong in October, we placed a number of positions such as Director of Sales, Sales Executive, and Account Executive this last month. Other hiring included technical professionals including the positions of Senior Embedded Firmware Engineer and Linux Technical Support. The hottest tech sector hiring was in Fitness Diagnostic Technology, Network Security, Web CRM Software, eLearning, and Cloud Hosting.
Dice reported on the big tech layoffs this quarter at Cisco and Microsoft Research Silicon Valley but noted that recruiters are busier than ever. Mergers and acquisitions abound, and companies are growing – Google has grown by 7,000 employees over the last year. The unemployment rate for all categories last month came in at 5.8 percent, but tech professionals are nearly half that at 3% in October.
The BLS jobs report showed an additional 214,000 in October, which continues an upward trend with an average monthly gain of 222,000 over the last 12 months. The sectors with the most growth include: food services and drinking places, retail trade, and health care. Professional and business services added 37,000 jobs, computer systems design and related services increased by 7,000. August and September job numbers were revised upward by 31,000 more than previously reported.
The ADP National Employment Report counted 230,000 new jobs last month. Carlos Rodriguez, president and chief executive officer of ADP stated that “Employment continues to trend upward as we begin the last quarter of 2014, driven mostly by small to mid-sized companies. October’s job growth is the highest since June and the second highest gain of 2014.”
Reuters reported that U.S. consumer sentiment rose in October to its highest level in over seven years; the rise is attributed to growing optimism about the economy and more favorable personal financial expectations. According to a recent survey “Overall, five years after the start of the recovery, consumers have finally begun to adopt the expectations and behaviors that have driven past expansions,” reported survey director Richard Curtin.
The Conference Board Consumer Confidence Index Rebounds. Says Lynn Franco, Director of Economic Indicators at The Conference Board: “Consumer confidence, which had declined in September, rebounded in October. A more favorable assessment of the current job market and business conditions contributed to the improvement in consumers’ view of the present situation. Looking ahead, consumers have regained confidence in the short-term outlook for the economy and labor market, and are more optimistic about their future earnings potential.”
December 9, 2013
Recruiting, Staffing & Employment News – December 2013
November’s Business Floating in the Cloud!
Redfish Technology, Nationwide High Tech Recruiters, placed sales professionals and software developers in cloud related sectors in the month of November. With Virtual Testing, Data Sync, Hosting, and SaaS Migration showing the most hiring activity.
According to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions industry, IT employment grew for the 26th consecutive month. In fact, on a year-over-year basis, IT employment grew by 5.53% since October 2012 adding 236,200 IT workers. Engineering jobs also grew again in October, adding 36,600 engineering workers on a year-over-year basis since October 2012 (+1.50%).
The latest Federal Reserve Bank of Philadelphia forecast shows little change for the U.S. economy outlook. Real GDP is expected to grow at an annual rate of 1.8 percent this quarter, down from the previous estimate of 2.2 percent. Looking ahead to next three quarters, the Federal Reserve anticipates 2.1% average GDP growth.
The Jobs Report showed that private payrolls increased by 196,000 (beating expectations of 173,000). This follows gains of 214,000 in October. The unemployment rate dropped to 7.0 percent from 7.3 percent in October (also better than expected). Growing sectors included the goods-producing jobs (+44,000), professional and business services (+35,000), retail trade (+22,000), manufacturing (+27,000), and construction (+17,000).
August 5, 2013
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Recruiting, Staffing & Employment News – August 2013
July Overall Numbers Disappoint, but Tech Employment Strong
July hires recruited by Redfish Technology were predominantly in the Enterprise Software, Mobile and Social Technology Platforms, and New Advertising Technology sectors. The most frequent positions recruited for included Senior Product Manager, Product Manager, Quality Assurance Engineer, Software Engineer, and Web Services/Server Side Java Developer. (more…)