The most recent monthly jobs report shows that the Boston unemployment rate dropped 0.2 percentage points in July, coming in at a non-seasonally adjusted 3.7 percent. In addition to this decline, 6,200 Boston jobs were added, on a seasonally adjusted basis, according to Massachusetts Labor and Workforce Development.
Statewide, the unemployment rate dropped slightly to a seasonally adjusted 4.1 percent in July. This represents a decrease of 0.7 percentage points since this time last year. Month over month, Massachusetts saw seasonally adjusted job gains of 7,300.
What does this mean for employers looking to staff Boston jobs?
According to Robert Half Regional President Corey Adams, the decreasing Boston unemployment rate coupled with area job growth means hiring may become increasingly challenging for employers. “We’re seeing more open Boston jobs with fewer job seekers on the market,” he says. “Naturally, these conditions can result in a talent drought, so employers need to ramp up efforts to attract skilled professionals.”
Adams suggests that one means of locating talented candidates is to search among the newest generation on the Boston jobs market — Generation Z. “Many of these workers are just beginning their careers and may have less experience to offer,” Adams says, “but they make up for it with a fierce drive to succeed. With some extra training and the right professional development, Gen Z employees can become key team members.”
To attract Generation Z candidates, Adams advises employers to understand the wants and needs of this group. “Many Gen Z employees have their own idea of what constitutes work-life balance,” Adams notes. “You can pique their interests by providing a distinctive company culture and offering perks, such as more casual dress codes, flexible schedules and even volunteer time off. Just be careful not to oversell or undersell a position you’re looking to fill: Authenticity is vital to making connections with this generation.”
Need help finding talent in the Boston area? Your local Robert Half recruiter is here to help. Call (855) 404-6500 today.