If you’re looking to hire this month, it’s important to understand the current hiring market. Our ETS experts are breaking down the latest jobs report.
- Hiring exploded in March as U.S. employers added 196,000 jobs, according to the latest jobs report from the Bureau of Labor Statistics.
- The unemployment rate held steady in March at 3.8%.
- The labor force participation rate, at 63.0%, was almost unchanged over the month and has shown little movement on net over the past 12 months.
Getting back into the hiring game – What you need to know.
There are many challenges that employers face in the current hiring environment, with historically low unemployment and a persistent lack of skilled talent actively seeking new opportunities.
Employers must do many things — and well — to compete effectively for skilled professionals in this tight hiring market. That includes offering a standout compensation and benefits package, shining a light on your organizational culture, and moving as fast as possible in your hiring process.
Furthermore, skilled workers have options in today’s labor market – and they know it. This means you can’t just focus on attraction, you also must have a strong focus on retention strategies.
Don’t let your team become overloaded. In this competitive market, a specialized staffing agency, like ETS can be your complete workforce resource. No wasted time or effort, just innovative staffing solutions to help you navigate this challenging environment. Request Staff or live chat us now.