Reports indicate positive hiring trends as unemployment claims drop and hiring rates either remain steady or improve throughout the country.
Learn why experts say employment throughout the country increases.
Hiring trends continue to indicate the economy is beginning to pick up with many of the country's main business districts reporting either steady or improving hiring rates. With the increase in production comes the demand for more labor to keep up with business growth. However, many employers are either still concerned about the prospect of another economic down turn or looking for specialized skills meaning that many are turning towards contract employment.
Positive Economic Signs
The U.S. Department of Labor announced today that total unemployment claims for last week fell by 24,000 to close out at 334,000, down from 358,000 the week before. These national numbers are encouraging as many districts throughout the United States have reported positive hiring numbers.
According to Staffing Industry Analysts (SIA), Boston reported that most industries' hiring rates remained relatively the same, outside of the manufacturing industry which saw increases in the technology and life science areas. New York also noted an increase in the manufacturing industry, while the SIA article noted that hiring companies have experienced difficulty finding skilled workers.
Manufacturing also saw a steady increase in the Cleveland district along with home building, while Richmond, Virginia noted an increase in contract employment. The hiring increases within these districts is a positive sign for the economy, but what is also important to note is the sectors where employment is growing. The fact that manufacturing and home building sectors need more labor means that people are beginning to spend money on goods and reinvest in a real estate market that was the first to go when the recession began.
Also worth noting was the demand for skilled labor. While some temporary staffing agencies will place unskilled workers on job sites that could potentially hurt a company's production rates, others provide training on the job. This bodes well for both companies who know that they are bringing on employees that can handle the work load, and job seekers who wish to specialize their expertise.
