January 9, 2012Staffing & Employment News from Redfish TechnologyStaffing & Employment NewsGrowth Stronger than Expectedfrom Redfish Technology December’s employment report showed progress in job creation with a stronger showing than expects. The unemployment rate fell to 8.5 percent, December payroll jobs hit a fairly healthy 200,000, private payrolls hitting 212,000. (more…)  October 10, 2011Staffing & Employment NewsStaffing & Employment NewsJob growth improved more than expected in September. Payroll jobs advanced 103,000 in September despite government sector contraction – private non-farm payrolls gained a total of 137,000 in September, following a 42,000 increase in August and 173,000 in July. Friday’s employment report shows that the labor market is not quite as sluggish as earlier believed. (more…) February 4, 2011Companies Refocus on Innovation, Competition, HiringStaffing & Employment News:Companies Refocus on Innovation, Competition, HiringDespite uncertainty, companies are refocusing on innovation, and hiring to gain/keep competitive edge. CEOs and search consultants express confidence in 2011. The biggest risks remain the recession, but talent acquisition may also be a challenge. The latest short term data is in today. Despite a smaller gain than anticipated in payrolls, the U.S. unemployment rate dropped unexpectedly to a low unseen since April 2009: 9%. Short terms data aside, the outlook for 2011 is to refocus on innovation, competition, and hiring. The 14th Annual Global CEO Survey [1] shows that CEOs are aiming at immediate growth and a big jump in revenue growth prospects over 2011. Confidence levels are rising across the board with more companies anticipating growing their payrolls than they did in 2010. According to the survey, as hiring plans gear up, a shortage in talent is becoming more apparent; two-thirds of CEOs believe they’re facing a limited supply of skilled candidates. (more…) November 8, 2010Staffing & Employment News, Redfish November NewsletterStaffing & Employment Newsfrom the Redfish Technology November Newsletter The BLS statistics were encouraging. Nonfarm payrolls were increased by 195,000 jobs in October. The private sector created 151,000 of these jobs, marking the 10th consecutive month of job growth. Almost 1/3 of these increases were in “professional and business services” specifically in professional and technical, computer systems design, management and technical consulting, administrative and waste services, and employment services. Employment in temporary help services also continued to increase in October. This month’s gain was 35,000; increasing 451,000 since September 2009 lows. The problem with this growth is that we are behind by 11 million jobs as compared to the pre-recession unemployment rate of 5% in December 2007. To obtain this unemployment rate within the next 5 years, we need to see a net of approximately 300,000 jobs added every month. (more…) |
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