I decided to do some research on the subject because there is always something more to the story.
The bad news is that The U.S. unemployment rate rose to 9.9 percent last month. The silver lining is that this was a result of more out-of-work Americans jumping back into the job hunt.
The seasonally adjusted unemployment rate was up from 9.7 percent in March, where the nation’s jobless rate has held since the beginning of the year. The U.S. Department of Labor said the hiring of 66,000 temporary employees for the 2010 Census helped boost the payroll count, but the gains were also widespread among the private sector, with increases of at least 40,000 jobs in manufacturing, leisure and hospitality, and professional and business services.
Since the downturn in the economy, I have kept in close contact with a number of former colleagues in the staffing business. Up until last month, they all seemed to have similar concerns about the lack of business with their clients in 2010. The underlying theme was that companies were holding out as long as possible in order to hire less and do more with their current resources.
Based on feedback from their clients and the projects already booked for the coming months. We are seeing an uptick in industry here in the Twin Cities. This is in conjunction with the previously reported increased number of jobs in various industries.
A colleague that works with me on some web/social media projects recently informed me that he was interviewing for 2 full time openings in the web development field and was planning to leave his current job. He also informed me that 4 people have left his current group to pursue other opportunities. This will result in the backfilling of those vacated jobs. As a result of the previous example, this means there will be 7 new jobs being filled in the web development field in the coming weeks.
I am receiving regular calls from LinkedIn connections, HR and recruiting professionals, and former colleagues asking if I can refer the type of resource they are seeking for their openings.
Based on my research and my ongoing networking, it appears that the market is picking up. Don’t misunderstand me, we’re not out of the woods yet, but a slight uptick is better than a flat line or downturn any day.