Last week’s Jobs Report was a good one in terms of jobs created. As you may have seen, 223,000 jobs were created for the month of April, a much better number than the previous month of March in which just 85,000 jobs were added, a number revised in this Jobs Report.
So what industries are doing well in this report? Professional and business services led the way with 62,000 jobs added. Behind that was health care adding 45,000 jobs and construction also adding 45,000 jobs.
Small business once again seems to be blazing a trail in our job growth. ADP estimated that small business jobs created in April came in at over 94,000. Also, this week, the National Federation of Independent Business raised its Small Business Optimism Index to 96.6. And while hiring is robust, many small business continue to struggle to find qualified and skilled workers.
In all, despite a slip up in the February Jobs Report of just 85, 000 jobs, we have seen a consistent path of hiring bringing our unemployment rate down a full point in the past twelve months. In Massachusetts, the unemployment rate now stands at 4.8 percent.
Another factor in the jobs market right on our doorstep is college graduation. This month, we’ll see a flood of new resumes hit the desks of hiring managers and recruiters. See our recent blog on ways to bring in a college grad into your business.
According to a recent Boston Globe report, college graduates are seeing a great job market for them. Some of the top positions for these grads include finance, healthcare and jobs for graduates who possess degrees in STEM (Science, Technology, Engineering and Math). You can read the full article here:
Contact King & Bishop today if you’re having challenges finding just the right talent. Our team has networks of both highly experienced as well as candidates new to the job market. We look forward to hearing from you.