Recent reports indicate that there have been substantial gains in the nation’s economy. A recent USA Today article written by Paul Davidson reports that “The jobs recovery is broadening as the housing revival and rising consumer wealth begin to lift industries from mortgage lending to charities".
This is great news as many return to work in lagging industries such as construction and tourism. The unemployment rate still hovers at or near 7.9% but the recent reports of job gains offered up by the US government have been encouraging.
Recent research by Moody’s indicates that some categories that have lagged in growth for nearly three years appear to be gaining substantial momentum in early 2013. Those industries include business support services, charities and foundations, non-residential construction, agents and managers as well as radio and TV broadcasting.
Here in Philadelphia, I’ve noticed an uptick in employment opportunities for career seekers that we assist at our search firm East Coast Executives and an overall confidence among hiring managers that they will be in need of staffing and/or recruiting assistance in the upcoming months. I’ve spoken to hundreds of corporate executives and hiring managers and most report that they are optimistic about their ability to bring on additional staff in 2013. Some report that they remain cautious and may utilize the services of temporary and contract employees but it’s clearly a step in the right direction from the layoffs and hiring freezes of the all too recent past.
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