The most recent monthly jobs report shows that the non-seasonally adjusted Houston unemployment rate for June was 5.5 percent, up 0.7 percentage points from the previous month, according to the Texas Workforce Commission. Additionally, 100 Houston jobs were added on a seasonally adjusted basis during the same reporting period.
Statewide, the seasonally adjusted unemployment rate was 4.5 percent in June, a slight increase from the month prior. Month over month, a total of 7,200 jobs were added on a seasonally adjusted basis.
What does the current Houston jobs market mean for area employers?
According to Robert Half Senior Regional President Mark Malone, “The rising Houston unemployment rate means there are plenty of candidates on the market, but employers are still competing for top talent across multiple industries, including oil and gas.”
Malone advises managers to gain a competitive edge by fostering interdepartmental collaboration as part of their hiring strategy. “Make sure both human resources and representatives from relevant departments are included in the decision-making process,” he says. “You can create opportunities for collaboration by scheduling hiring meetings to discuss position requirements. The team needs to make sure everyone is on the same page.”
A quick hiring process is also key to landing talent in the current Houston jobs market. An increased number of job seekers can mean more applications to evaluate, which takes more time.
“Evaluate your process of reviewing resumes to find new efficiencies,” Malone says. “If you can more quickly find important information like relevant skills, you can move through the process faster and edge out the competition by making an offer sooner,” he adds. “Additionally, identifying warning signs, or red flags, early on will help you avoid approving a potential bad hire.”
Has the Houston unemployment rate affected your recruitment plans? For help finding top talent, contact your local Robert Half recruiter at (855) 407-4735.