2nd Quarter Roundup: It Remains A Tight Job Market
Can you believe that we are already halfway through the year? It’s officially summer and just like the weather, employers are feeling the blaze of today’s job market. While not as strong as the First Quarter, the job market in Q2 experienced steady growth. The unemployment rate has been hovering between 3.6 and 3.7 percent, a near 50-year low. Moreover, June was officially the 105th consecutive month of job gains with an impressive 224,000 jobs added.
As a result, staffing firms across the nation are feeling the pressure:
“The Second Quarter brought Johnson Search Group multiple challenges and successes. Not only did we have to find the strong talent our clients needed, but they also had to move swiftly because many candidates have multiple offers. Third Quarter will continue to challenge employers that are looking for qualified talent.” – Perry Paden, Senior Vice President of JSG
There’s still a workforce disparity
The gap between job openings and available workers seeking new employment opportunities is still a headache for most employers. In April 2019, there were 1.63 million more job openings than available workers. In fact, this was the largest gap ever recorded! This predicament is exacerbated by the fact that candidates are now entertaining multiple offers.
Quotes from our industry experts
The market is as tight as it ever has been. We asked our divisional managers here at Johnson Search Group about their thoughts on today’s job market:
“Q2 2019 in the mining industry was busy! Companies are scrambling to find qualified talent. Candidates, who are receiving multiple interviews and offers, are choosing their next move very carefully. This has been an interesting quarter and a challenging one. I can’t wait for Q3!”
“The market is hot! And while we are very busy and have a number of critical roles that we continue to fill, we are having to be even more selective. With today’s talent shortage, candidates feel empowered and are even pitting employers and job offers against each other, almost like blackmail, as one hiring manager recently stated. It has highthened the level of importance of working with a staffing firm that has your best interests at heart.”
“The banking industry is fantastic. Some areas are down a bit, but overall, we are super busy. With the FED’s latest comments, we are excited about the second half of 2019.”
As you can see, the labor market is tight and doesn’t look like it’s cooling down as we enter Q3. Check out our Second Quarter roundup of today’s candidate-driven market and learn a few ways you can navigate it, regardless if you’re an employer or a candidate.
Why Summertime is a Great Time to Hire
Summer is finally here! The days are getting longer, and the weather is getting warmer. It’s a common misconception that summertime is a notorious slow season for hiring. But in today’s job market, this simply isn’t true. Don’t believe us? Check out the Johnson Search Group job board. We have dozens of exciting opportunities across the country.
It’s time to officially get this myth out of your head! Here are a few reasons why summer is a great time for hiring, for both candidates looking for opportunities and employers searching for new talent.
How to Attract Millennial Talent to Your Organization
Many well-established companies find themselves with a new problem these days: how to attract fresh talent with new skill sets and new ideas. By 2025, Millennials will make up 75% of the workforce. Organizations are now having to change their approach to attract and retain these young candidates. So what can your team do to secure this majority workforce? Here are a few dos and don’ts for hiring Millennials.
How to Negotiate in a Candidate-Driven Market
You may have heard that the current job market is “candidate-driven,” but what exactly does that mean? First and foremost, it means that there are lots of great jobs available to a limited number of qualified candidates. For people looking to advance their careers, this results in better-negotiating power when it comes to wages, incentives, location, and work-life balance. However, there are a few things to keep in mind when negotiating a new position.
How to Prepare for Your Next Interview
Do you have an upcoming job interview? If so, proper interview prep is one of the most critical contributions to successfully landing a new job opportunity. Today, we want to share what I believe is the most valuable part of the interview process: the prep. Prepping for your job interview helps you as a candidate land your dream job. Getting an interview is sometimes the hardest part. Although this may be true, it’s not uncommon for qualified candidates not to be selected for the job. This is all due to them not being prepared for their big day.
No matter what industry or stage of the interviewing process, it’s always wise to prep for your upcoming interview. Here are three tips to help you nail your next interview.