According to the most recent monthly jobs report, the Boston non-seasonally adjusted unemployment rate dropped 0.2 percentage points to 3.8 percent in February. During the same reporting period, Boston jobs increased by 9,700, on a seasonally adjusted basis.
Statewide, unemployment in Massachusetts also dropped in February, down 0.2 percentage points to 4.5 percent, on a seasonally adjusted basis. Month over month, the state also saw jobs gains, adding 13,300 seasonally adjusted jobs.
Let’s see what these numbers mean for managers staffing Boston jobs.
“The decreased Boston unemployment rate, when coupled with the increase in open positions in the area, reflects how challenging it still is to find top talent in the Boston jobs market,” says Robert Half Regional President Corey Adams. “Employers have to keep in mind that the most skilled professionals are being recruited aggressively, and they may have multiple offers on the table. The longer your hiring process takes, the more time candidates have to interview for other jobs or entertain offers from the competition.” Ramping up your organization’s hiring process can help you land top talent before it’s snatched up by the competition.
Adams also emphasizes the value of hiring from within in the current Boston jobs market. “Oftentimes, the best man or woman for the job already works in your office. So you may want to consider gauging in-house interest in upcoming job openings, when appropriate.” Hiring internally minimizes the time and money spent searching for candidates, and in training and orienting new hires. In addition, taking your job search in house is an excellent means of retention.
In search of talented professionals for Boston jobs? Your local Robert Half recruiter knows the market inside and out. Call (855) 404-6500 today.