Staffing Stats – All Time Low

Greta Cline, CFO
Greta Cline
Partner, CFO/COO
June 6, 2018

On June 1, the U.S. Bureau of Labor Statistics announced the latest unemployment stats. Last month, the rate reached an 18-year low and that trend is continuing.  The unemployment rate is currently at the lowest rate in nearly half a century – that’s truly remarkable!

The unemployment rate dipped to 3.8 percent in the U.S. in May.  Good news if you hold a bachelor’s degree or higher, the unemployment rate is even lower at 2.1 percent.   In addition, total employment increased by 223,000 and the number of unemployed people fell to 6.1 million.

In our home state of Indiana, the unemployment rate is also extremely low.  The state unemployment rate has been below the national rate for the past four years, with one small exception.  For one month in 2014, the rates were equal. Not bad, right?  The total labor force in Indiana is 3.3 million workers.

According to the American Staffing Association, staffing job growth has risen an average of 3.6 percent per month, which is significantly higher than the average of 2.2% for all of 2017.

With unemployment at this historic low, finding qualified candidates is more difficult than ever.  But not to worry, That’s Good HR is up for the challenge. What sets us apart from others is our daily process of sourcing quality employees and meeting with our candidates face-to-face.  When we schedule candidates out for client consideration, we know that they are vetted and well-suited to each unique client’s needs.

Whether you are looking to make a change from your current gig or have open positions we’re ready to help today and every day.  Recruiting times are tough, but we’re tougher!