Employment Trends

Registered Nurse is Largest Occupation with an Above Average Wage $69,790

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The occupations with the largest employment in May 2014 were retail salespersons and cashiers, the U.S. Bureau of Labor Statistics reported today. These two occupations combined made up nearly 6 percent of total U.S. employment, with employment levels of 4.6 million and 3.4 million, respectively. Of the 10 largest occupations, only registered nurses, with an annual mean wage of $69,790, had an average wage above the U.S. all occupations mean of $47,230. The highest paying occupations overall included several physician and dentist occupations, chief executives, nurse anesthetists, and petroleum engineers. National employment and wage information for all occupations is shown in table 1.

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One-Quarter of CFOs Have Lost Good Employees to Companies Offering Higher Compensation

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The U.S. Bureau of Labor Statistics recently reported 2.7 million people quit their jobs in February, up by nearly a quarter million year over year, and separate research suggests below-market compensation could be one of the causes of continuing turnover. In a new survey from global staffing firm Robert Half, one in four (25 percent) chief financial officers (CFOs) interviewed said he or she has lost a good employee in the past year to a job that paid more. This comes on the heels of previous Robert Half research, which found salary was the top reason people quit their jobs.

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Half of Older Workers Who Were Unemployed in Last Five Years Jobless Today

Despite recent improvements in job creation statistics and the nation’s unemployment rate, half of the people ages 45 to 70 who experienced unemployment during the past five years are not currently working, according to a survey conducted by AARP.  Fifty percent of survey respondents reported they were either unemployed or had dropped out of the labor force. Among those who had become reemployed, nearly half said they were earning less than in their previous jobs.

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One Third of Lawyers Expect to Increase Hiring of Entry Level Associates

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The job market for newly minted associates is showing signs of improvement. Nearly one-third (32 percent) of lawyers recently interviewed for a Robert Half Legal survey said their law firm or company plans to increase its hiring of entry-level associates in the next 12 months. Five percent of lawyers said they expect to decrease hiring while 60 percent anticipate no change in hiring activity.

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Managers Value Attributes Over Skills When Hiring Entry Level Employees

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Nationwide survey from Instructure reveals the career readiness of new entrants to the workforce. Instructure today released new survey data revealing what managers look for when hiring entry-level employees. The results show that managers place a higher importance on soft skills like attitude and work ethic than hard trade skills when considering new candidates for entry-level positions.

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Small Businesses Plan to Increase Investments and Employee Compensation in 2015

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Business Barometer Finds Women and Millennials are Driving Optimism, Particularly at Local Level, but Many Struggle to Achieve Work-Life Balance. Small business owners are feeling positive about financial conditions and their local and national economies as they plan to increase investments in business processes, technology, employee compensation and other areas, according to Capital One’s latest Spark Business Barometer.

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Employers in 40 of 42 Countries and Territories Upbeat on Hiring

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U.S. Hiring Plans Remain Solid for Quarter 2 2015 U.S. employers expect to maintain healthy hiring plans during the second quarter, according to the latest Manpower Employment Outlook Survey, released today by ManpowerGroup. When seasonal variations are removed from the data, the Net Employment Outlook is +16% for the April – June timeframe, the same as the Q1 Outlook. The current forecast reflects an improvement from Q2 2014 when the Outlook was +13%. 

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Confidence Rebounded Among Finance and Accounting Employees in Fourth Quarter 2014

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The Randstad Professionals’ Finance & Accounting Employee Confidence Index rebounded to 59.9 during the fourth quarter of 2014, up from 57.5 in the third quarter. The online survey of 163 finance and accounting employees was conducted in October, November and December of 2014 by Harris Poll on behalf of Randstad Professionals. Results indicated that confidence among finance and accounting workers grew in regards to the overall strength of the economy, as well as labor market conditions.

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Billion Dollar Restaurant Industry Offers Job Flexibility for All

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$709 Billion Restaurant Industry Offers Job Flexibility, Career Advancement and Opportunities for All Ages, from Millennials to Seniors According to the latest infographic released today by the National Restaurant Association Educational Foundation (NRAEF), the $709 billion restaurant industry provides significant opportunities and career advancement, as well as job flexibility, for millions of Americans.

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IT and Engineering Employment Starts 2015 on A Strong Note

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The number of IT jobs grew 0.4 percent sequentially last month to 4,838,500, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions industry. On a year-over-year basis, IT employment has grown by 4.7% since January 2014 adding 216,800 IT workers. Engineering job growth strengthened in January, up 0.2 percent sequentially to 2,521,900.  On a year-over-year basis, engineering employment has grown by 1.8% since January 2014 adding 43,700 engineering workers.

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