The most recent jobs report from the Federal Government was posted on Friday April 3, and showed an overall slowdown in jobs created during the month of March. Jobs added in March was a mere 126,000, quite lower than most anticipated and in comparison to prior months.
However, in digging into the details at the back of the report, we found some key points related to those in management and professional services:
- The unemployment rate for “management, professional, and related occupations,” which includes “financial operations occupations,” decreased 27% from March 2014 to March 2015, from 3.3% to 2.4%
- The unemployment rate for those with a Bachelor’s degree and higher fell 22% from March 2014 to March 2015, from 3.2% to 2.5%
A-level talent in these two categories is no longer “on the bench.” Companies looking for top talent need to focus recruitment strategies on those who are currently employed and “passively” looking for new opportunities – trolling through LinkedIn may not work.