According to the most recent monthly jobs report, Boston unemployment dropped to a non-seasonally adjusted rate of 3.5 percent in April, down 0.5 percentage points from the previous month. The number of Boston jobs added during the month totaled 11,400, on a seasonally adjusted basis, according to Massachusetts Labor and Workforce Development.
Statewide, the seasonally adjusted Massachusetts unemployment rate declined 0.2 percentage points, coming in at 4.2 percent for April. The state added 13,900 jobs during the same reporting period, on a seasonally adjusted basis.
What do these numbers mean for employers looking to staff Boston jobs?
Robert Half Regional President Corey Adams says the declining Boston unemployment rate creates challenges for companies looking to hire. “Naturally, the lower unemployment rate means a smaller talent pool,” says Adams. “Subsequently, we’re seeing increased competition for skilled professionals, especially for positions that require experience and specialized skill sets.”
To compete for top talent in today’s market, Adams urges employers to move aggressively. “Other organizations are hiring for in-demand positions, too, so when you identify a candidate you want, you need to act swiftly or you could lose them,” he says. “Evaluate your recruitment strategy to see if there are ways to expedite the hiring process.”
In the current Boston jobs market, Adams also advises employers to be flexible in terms of the skills and experience required of candidates. “Opening up your search to candidates with less-than-perfect resumes can be incredibly successful if the candidate is driven and you provide the proper training and professional development,” notes Adams. “You’ll have an employee that you can train to fit the needs of your organization.”
Finding it a challenge to locate top talent for Boston jobs? Your local Robert Half recruiter is here to help. Call (855) 404-6500 today.