February 4, 2013
 Recruiting, Staffing & Employment News
Contingent Recruiter Confidence Growing; Jobs Report Good Not Great
Redfish made placements at the Director, Executive and Project Manager levels in January. The preponderance of the hiring was in the Cloud, Software-as-a-Service, Enterprise Systems & Network Management, Intelligence Software, and Solar Technology industries. The biggest challenges to January hiring was candidates receiving multiple offers. “We expect to see this trend continue,” states Logan Knight, IT Recruiter at Redfish. “The pool of talented candidates is drying up with all the current growth, leading to good engineers getting multiple offers.”
Execunet reports that a recent survey found that recruiter expectations of job creation increased in at the end of 2012, recruiters indicated that they anticipate approximately one in five companies adding executive jobs in the next six months. Contingency search firm confidence reached 41 percent in December, its highest in eight months; retained recruiter confidence dropped to 31 percent, its lowest since the debt limit crisis in late summer of 2011. (more…)
January 7, 2013
Recruiting, Staffing & Employment News
Stable but Slow,
Employees Optimistic
Despite ADP’s optimistic report of 215,000 new private sector jobs, the U.S. Department of Labor reported gains of 168,000 in private payrolls, which was slightly higher than analysts’ forecasts. The overall growth in employment including government cutbacks netted an increase of 155,000. November payrolls were revised upward.
The goods-producing sector rebounded by 59,000 in December after a loss of 1,000 in November. Construction jobs also showed gains of 30,000 following a November dip of 10,000. Manufacturing increased 25,000 over a small increase of 5,000 the month before. (more…)
December 10, 2012
 Staffing & Employment News
Jobs Up, Unemployment Rate Down, Bullhorn Up, Monster Down
The jobs report showed 176,000 jobs created in November, outdoing analysts’ forecasts of only 80,000. Private payrolls accounted for 147,000 of these new jobs. The unemployment rate dropped to 7.7%, a 4-year low. (more…)
October 8, 2012
Staffing & Employment News
Surprise!
The September jobs report showed a surprise decline in the unemployment rate, to 7.8 percent. September payroll jobs increased a modest 114,000, and revisions of the last two months pushed August to 142,000 (from the 96,000 previously estimated) and July to 181,000 (from 141,000) for a net increase of 86,000.
Sectors showing the most jobs gains include: health care (up 44,000), transportation & warehousing (up 17,000), and financial activities (up 13,000). Public sector jobs grew by 10,000 in September, and surprisingly by 45,000 in August.
Staffing jobs rose 5.4% higher in Q2 2012 than in Q2 of previous year. The ASA staffing index also shows a rise in in temporary and contract employment of 26.6% since the beginning of 2012.
Consumer confidence rose significantly in September, in surveys from both the University of Michigan and the Conference Board. This represents the strongest rise in confidence since December. Analysts speculate that confidence may be inspired by the simultaneous gains in housing and stock prices, which haven’t shown such returns simultaneously since 2006.
What does October hold in store for us?
August 6, 2012
Staffing & Employment News from Redfish Technology
Double last month’s numbers
Payrolls rose 163,000 (private payrolls 172,000), over double last month’s increase. Government jobs fell by 9,000, construction fell by 1,000. The good-producing sector added 24,000 jobs, the service-providing sectors 148,000, and manufacturing 25,000. Temp jobs rose by 14,000.
The numbers came in a bit better than expected overall as companies hire at a modest pave. Nonetheless the unemployment rate went up incrementally from 8.2 to 8.3%,
While the Fed was discussing more quantitative easing, the Dow Jones reacted favorably to the jobs report.
The staffing industry lost 43,600 jobs (down 1.7%) from June to July according to the BLS, year over year however the industry has grown headcount by 10.9%. Recruiting trends are cyclical and July tends to be a slower month for hiring.
Additional reading …
Pace of Hiring Rose in July, but Jobless Rate Ticked Up
U.S. Stocks Halt 4-Day Slump After Employment Report
June 4, 2012
Staffing & Employment News
Big Disappointment in the Jobs Numbers this Month.
At half of what was expected, the U.S. added only 69,000 jobs in May.
The pace of hiring slowed sharply, and the weakness was across the board. Some economists attribute this to employers taking the sideline in the midst of economic uncertainties in Europe and fears of a global slowdown.
March and April were both downwardly revised by about 50,000 jobs. Unemployment rate rose for the first time in almost a year, to 8.2 percent from 8.1 percent.
This month marks the third year since the Great Recession officially ended. And yet, we have a net of 5 million jobs less than we did in December 2007.
That said there are sectors that remain strong and optimistic. (more…)
May 7, 2012
Staffing & Employment News
April Showers Turn Out to be a Drizzle.
April didn’t shower us with an abundance of jobs; with an increase of only 115,000 net, and 130,000 in private payrolls. This slow-down disappointed after March’s 154,000 new jobs and February’s 259,000. The biggest gains were in professional & business services at 62,000, retail trade increased by 29,000, health care rose by 19,000, and leisure & hospitality added 12,000. Goods-producing jobs increased by 14,000 after a 38,000 rise in March. (more…)
April 9, 2012
Staffing & Employment News
Disappointing Jobs Report, But Confidence and Strong Numbers Elsewhere
Friday’s jobs report disappointed with only half (120,000) the jobs created in March compared to the month previous. ADP had announced just prior that the U.S. private-sector employment rose by 209,000 in March. For the three months through February, an average of 245,000 payrolls was added monthly, marking the strongest gains since 2006.
Goods-producing industry employment rose 31,000 after a 29,000 gain in February. For the latest month, manufacturing increased 37,000; construction dipped 7,000; and mining inched up 1,000. Inventory building was a key driver of growth in the October-December quarter.
The unemployment rate nudged downward to 8.2 percent from 8.3 percent – a fall of nearly a full percentage point since the summer. The U.S. economy grew 3 percent in the final quarter of 2011, the best pace in a year and a half.
Prior to March’s employment report, employee confidence reached its highest level since October 2007 according to the latest Randstad Employment Report, hitting 55.5 in March. This is the third month of consecutive increase. Joanie Ruge, senior vice president and chief employment analyst for Randstad U.S. said “It seems as though optimism in the employment picture is outweighing any mixed signals being given by other economic reports. In fact, the Index confirms, from a frontline perspective, an optimistic and hopeful outlook around the number job openings, job stability and the future strength of companies. Although the latest Index still remains five points below the historical high, it also stands 15.4 points higher than our Index’s all-time low of 40.1 in January 2007.”
And American CEOs are also seeing increased momentum for U.S. Economy according to the Business Roundtable’s First Quarter 2012 CEO Economic Outlook Survey. CEOs expressed improving expectations for sales, capital spending and employment, with a notable increase to 96.9 in Q1 of 2012, up from 77.9 in Q4 of 2011. In terms of the overall U.S. economy, Business Roundtable members estimate real GDP will grow by 2.3 percent in 2012, up from last quarter’s estimate of 2.0.
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March 12, 2012
Staffing & Employment News
from Redfish Technology
How strong is the recovery?
+ Online jobs advertised grew in February, January and December, according to the Conference Board Help Wanted OnLine® (HWOL). The Supply/Demand rate stands at 2.9 unemployed for every vacancy. “In a positive sign the Supply/Demand rate dipped below the 3.0 level for the first time since November 2008,” said June Shelp, Vice President at The Conference Board. “This reflects both significant gains in labor demand as well as drops in unemployment levels since the end of the recession. Labor demand is up 227,000 over the past three months, continuing to narrow the gap between the unemployed and available jobs. With the monthly level of job demand around 4.4 million, labor demand is back in line with the pre-recession series high in 2007.”
+ The U.S. Economy added 227,000 jobs in February. This is the third consecutive month of gains over 200,000. December and January numbers were also revised upwards. (more…)
April 4, 2011
Staffing & Employment News
Gaining Traction, Momentum Continues
We had good news on the hiring front last week as the Association of Executive Search Consultants proclaimed 2010 to be the “Year of Resurgence” and the Business Roundtable’s first quarter 2011 CEO Economic Outlook Survey anticipated higher sales, increased capital expenditures, and additional hiring over the next six months, as well as a predicted real GDP growth at nearly 3% in 2011.
The Jobs Report backed up this optimism last week; March’s payroll employment gained 216,000, higher than the 200,000 predicted. January & February revisions were also higher by 7,000. While this is below the approximately 300,000 jobs needed on a monthly basis for significant impact on the unemployment rate over the next 5 years, it does surpass the 150,000 needed to keep pace with population growth. (more…)
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