February 6, 2012

Staffing & Employment News: Recovery Gaining Speed

Staffing & Employment News

Recovery Gaining Speed

 

The economy produced more jobs than expected in January, with an overall net increase of 243,000 and a private sector addition of 257,000. The last two months of 2011 had a net upward revision of 60,000. Private-sector gains were led by professional and business services (+70,000), leisure and hospitality (+44,000), and manufacturing.

Unemployment dipped as well, falling to the lowest rate in three years. The household survey indicated a drop to 8.3 percent from 8.5 percent in December.

The U.S. Economy grew by 2.8 percent in Q4 2011 according to the Commerce Department. This was 1% higher than A3. The Federal Reserve’s Business Outlook Survey showed regional manufacturing activity continued to expand moderately in January, and firms continued to report hiring increases. The survey’s broad indicators stayed in positive territory again this month.

Recruiters in specialized sectors are staying busy. Greg Schreiner, Clean Tech Recruitment Manager at Redfish Technology, reports that 2011 finished off with a bang and January 2012 hasn’t showed any signs of slowing. “The hiring managers I work with a expressing continued optimism overall” stated Schreiner, “it is an exciting time in CleanTech recruiting, especially in Solar, ESCO, and renewable technologies.”

A recent survey by Talent Technology reveals that 63.4% of respondents see signs of economic pressure letting up within their organization in 2012, and 51.4% expect to increase in size within the next 12 months (by about 12%).

The Vistage CEO Survey reported the largest quarterly gain in confidence since 2009 as of Q4, and the employment picture in 2012 is looking rosy. Starting off the year with strong signs of improvement in the economy, hiring too is on the rise. The Q4 2011 CEO Confidence Index reported 94 percent of CEOs expecting their firm’s total number of employees to increase or remain the same in the next year.

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November 23, 2011

Happy Thanksgiving! Let us tell you what we recruiters are thankful for:

Happy Thanksgiving!

 

 

 

This is a time to take a break, appreciate that which we have, enjoy our family and friends, and reflect on the possibilities in the universe.

Let us tell you what we are thankful for:

 

The growth and opportunities that Clean Tech and Information Technology sectors offer.
• According to the monthly index published by TechServe Alliance, the number of IT jobs increased by more than 7,000 month over month, rising to 4,064,500 jobs in October – that’s an increase of 2.2% over October 2010.
• The clean energy sector is growing at 8.3%. Annually from 2003 to 2010 solar thermal energy grew by 18.4%, solar photovoltaic power by 10.7%, biofuels by 8.9%, and over the last five years the wind energy industry saw 35% average annual growth.

  (more…)

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November 7, 2011

Staffing & Employment News: The economy grew last quarter at the fastest pace in a year, but job growth remains fairly anemic.

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.

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February 9, 2011

Bernanke Weighs In, CEOs Too – Growing Optimism on the Hiring Front

Bernanke Weighs In, CEOs Too

Growing Optimism on the Hiring Front

The Los Angeles Times reported today that:

The Fed chief also gave a somewhat more positive assessment of the employment situation, after last Friday’s report showing the nation’s unemployment rate falling to 9% last month from 9.4% in December and 9.8% in November.

He said: “Notable declines in the unemployment rate in December and January, together with improvement in indicators of job openings and firms’ hiring plans, do provide some grounds for optimism on the employment front [1].

In spite of this week’s conflicting short term data, we should be celebrating that the U.S. unemployment rate dropped unexpectedly to a low unseen since April 2009: 9%. Better yet, numerous surveys and CEO reports are optimistic: the outlook for 2011 is to refocus on innovation, competition, and hiring [2].

Redfish Technology reports surging demand in Software as a Service and Cloud Computing as well as Solar and Clean Tech companies, “From VP of Sales in high tech positions to PV Project Engineers, (more…)

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February 4, 2011

Companies Refocus on Innovation, Competition, Hiring

Staffing & Employment News:

Companies Refocus on Innovation, Competition, Hiring

Despite 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…)

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