Staffing & Employment News: April showers?

Filed under: Recruiting, Staffing & Employment News

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. Read more »

Staffing & Employment News: Disappointing Jobs Report, But Confidence and Strong Numbers Elsewhere

Filed under: Recruiting, Staffing & Employment News

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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Plate Spinning, the Art of Successful Recruiting

Filed under: Best Practices, Hiring Strategies, Recruiter / Recruiting, Recruiting, Staffing & Employment News, Redfish Speaks, Talent Acquisition

Plate Spinning, the Art of Successful Recruiting

Leah O'Flynn

Leah O’Flynn

By Leah O’Flynn

Plate spinning is an intense physical and psychological feat; it is both an art form and a methodology. Professionals focus on spinning numerous plates, simultaneously, while performing any number of acrobatic maneuvers, balancing goals, and bringing moving parts to a graceful crescendo. Sounds like recruiting, doesn’t it? Read more »

Staffing & Employment News, How strong is the recovery? from Redfish Technology

Filed under: Recruiting, Staffing & Employment News

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. Read more »

Staffing & Employment News: Recovery Gaining Speed

Filed under: Recruiter / Recruiting, Recruiting, Staffing & Employment News

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.

Staffing and Employment News

Filed under: Recruiting, Staffing & Employment News

Staffing and Employment News

Recruiting Forecast

Recruiters and hiring managers forecast modest job gains in early 2012, according to a national survey conducted by Dice Holdings Inc. released on November 28. In fact, almost half (47%) of hiring managers and recruiters surveyed said they plan additional hiring during the first half of the year. 43% of hiring professionals said that despite the economy, hiring plans have not changed; 21% are increasing hiring, and 30% are revising hiring plans downward.

“With so much uncertainty in the air when it comes to the economy and job creation, it’s a surprisingly positive sign that nearly half of respondents are optimistic about hiring at the start of 2012,” said Scot Melland, chairman, president and CEO of Dice Holdings. “Although modest in size, we’ve added private-sector jobs for 20 months now, and that modest job growth looks set to continue. We need to focus on removing any hurdles that impede companies from investing in America’s talent.” Read more »

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

Filed under: Recruiting, Staffing & Employment News

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:
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