Staffing & Employment News
The economy grew last quarter at the fastest pace in a year (yeah!), but job growth remains fairly anemic.
The economy grew last quarter at the fastest pace in a year (2.5%), however that growth was still insufficient to push down the unemployment rate. GDP is estimated to grow at just over 2% in 2012, and 2.7% in 2013, a gradual improvement.
ADP estimated Thursday that October private payrolls rose 110,000. Friday the Labor Department reported that payrolls expanded by 80,000 jobs in October, and the September figure was revised upward to 158,000 (from 103,000) and August was revised upwards to 104,000 (from 57,000).
While October saw less job creation than forecast, the unemployment rate did dip to 9% (from 9.1% last month).
Insperity Inc.’s latest business confidence study found that 26% of small to midsize businesses plan to add staff and 66% plan to maintain current staffing levels. Nearly half of small-business owners think that the economy will not improve until the second half of 2012, with 44% anticipating an economic rebound in the second half of 2012 or later. The CMO Survey finds that CMOs are planning on increasing marketing spending over the next year, by 7.2% on marketing hires.
IT and Clean Tech recruiters, such as Redfish Technology, report a very strong quarter. Solar and Software as a Service being two leading sectors of employment at this time. Online job posting activity is up by 11% year-over-year according to the Monster Employment Index.
The Redfish Monthly Newsletter
The Redfish monthly newsletter features original articles from executive recruiters and guest bloggers, and covers topics such as:
- Staffing & Employment News
- High Tech Job/Industry Trends
- Green Job/Industry Trends
- Career Tips for Passive & Active Job Seekers
- Employer & Human Resources Best Practices