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.
A May survey by CareerBuilder and HeadHunter.com shows that 31% of employers plan on hiring executive-level positions over the next six months; this is up from 23% who said the same in October. Of those respondents who plan to hire executives, 24% will hire in business development, followed by information technology (23%), sales (22%), marketing (19%) and accounting/finance (19%).
The National Association for Business Economics (NABE) April survey shows that 78% of businesses, the most in a year, project the world’s largest economy will expand more than 2 % in 2012. And, the Monster employment index increased three points in April to 146. In a particularly strong showing, transportation & warehousing led the sector pointing to rising activity in the supply chain.
The National Federation of Independent Business (NFIB) offered a less optimistic assessment, stating that six months of gains in the Small Business Optimism Index were reversed in March. Nine of the NFIB’s ten index components declined, “most notably hiring plans and expected real sales growth each taking a significant dive, in spite of owners reporting the largest increase in new jobs per firm in a year,” stated the NFIB in a press release.
ExecuNet’s March benchmark Search Firm Hiring Index indicates that 24% of responding executive recruiters report that they would be adding new professional research and consulting staff over the next three months, a one point improvement from February. Firms in especially resilient markets such as healthcare, technology and life sciences report that they are busy and expect to get busier as more companies shift to growth mode given continuing positive news about the economic recovery. Redfish Technology continues to experience increased business and has made additional hires in the second quarter of this year.
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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…)
October 10, 2011
Staffing & Employment News
Job 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…)
May 9, 2011
Staffing & Employment News
Most Robust Growth in 5 Years, Yet Mixed Messages about the Employment Outlook
Friday’s employment situation report released by the Bureau of Labor Statistics was stronger than anticipated with non-farm private payroll showing increased employment of 268,000 last month, surpassing March’s strong showing of 231,000. This growth is the most robust in five years, and marks the seventh straight month of employment increases. Nonetheless, jobless rate climbed and government jobs fell by 24,000.
The 43,000 surge in jobless claims is explained by various factors but nonetheless was higher than last month. The unemployment rate went from 8.8% to 9.0% month over month. The longer trend remains positive: “The economy has added 2.1 million private sector jobs over 14 consecutive months, including more than 800,000 jobs since the beginning of the year. The unemployment rate rose to 9.0 percent, but remains 0.8 percentage point below its November level”, according to Austan Goolsbee, Chairman of the Council of Economic Advisors. (more…)
January 12, 2011
Staffing & Employment News – Optimism and Hiring over next six months
Recruiters are often called a bellwether of the economy, and as such we’d like to share good news with you. Redfish Technology more than doubled our production in 2010 and we look forward to a strong year ahead.
According to ExecuNet, two-thirds of executive recruiters anticipate more management talent over the next six months in spite of the continued measures to contain corporate headcount. ExecuNet wrote in a press release that in December that their “benchmark Recruiter Confidence Index revealed that 66 percent of 144 responding executive recruiters are “confident” or “very confident” the executive employment market will improve over the next six months, up five points from November and the highest confidence registered since the second quarter of 2008.” (more…)
October 11, 2010
Staffing & Employment News
from the Redfish Technology October Newsletter
C-Level Confidence:
There is growth in hiring in the private sector. The third quarter Vistage CEO Confidence Index survey showed the level of confidence up for the 7th consecutive quarter. Reportedly 46% of CEOs plan to expand their workforce in the 3rd quarter survey, up from 39% a year ago. According to the latest survey by CareerBuilders and USAToday, 21% of employers plan to hire in the fourth quarter. Last quarter 25% of employers reported adding to headcount, and the previous two quarters of 2010 also saw improvements both in sequential and year over year hiring. While a lot of the hiring is for impermanent positions, many employers plan to transition workers to permanent positions. According to the survey, the positions most likely to be hired for contract or temporary staff in the last quarter of 2010 are: IT (27%), Administrative (25%), Engineering (12%), Finance and Accounting (12%), Sales and Marketing (10%), and Creative & Design roles (9%). The American Staffing Association’s staffing index rose to the highest level in two years. Hitting a reading of 100 in the week of Sept. 20th, this is the first time since May 2008 that the index has reached 100. (more…)
September 3, 2010
Staffing & Employment News (September newsletter)
“Executive Search Market Marks Highest Growth Since Recession”
Quarterly growth in the executive search market was at its highest in the second quarter since the low point in the recession 15 months ago, rising over 30%, according to an August report by the Association of Executive Search Consultants (AESC). Based on quarterly regional trends, from Q1 2010 to Q2 2010, North America is emerging from the recession first and is the strongest region. (more…)
July 29, 2010
Staffing & Employment News
Executive-level employment this year continues to be positive in certain industries, those showing the highest demand are healthcare, clean energy, pharmaceutical and high-tech sectors at the most senior levels. Non-executive hiring is also reportedly increasing. Approximately half of corporations with a hiring freeze in effect last year have already lifted or planned on lifting these by the end of Q2. At Redfish we are certainly seeing more hiring and as importantly more job reqs being authorized. The July ADP figures have been released showing that US companies added more workers in July than forecast. A gain of 42,000 workerts followed a revised 19,000 increase the prior month, according to figures from ADP Employer Services published 8/4/2010. (more…)
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