The monthly jobs report shows that the non-seasonally adjusted Houston unemployment rate for July was 5.8 percent, up 0.3 percentage points from last month. In spite of this increase in the unemployment rate, 3,700 Houston jobs were added on a seasonally adjusted basis during the same reporting period, according to the Texas Workforce Commission.
Across the state, the seasonally adjusted unemployment rate was 4.6 percent in July, a slight increase from the month prior. Additionally, Texas added a total of 23,600 jobs in July, on a seasonally adjusted basis.
How is the Houston jobs market impacting area hiring managers?
Robert Half senior regional president Mark Malone says, “The Houston unemployment rate has risen, but we’re continuing to see job growth across multiple sectors, including oil and gas.” Malone notes that, due in part to the rising unemployment rate, area managers should expect an influx of applicants for open positions. He adds that employers can reduce the time necessary for reviewing applications by crafting a more targeted, detailed job description. “An accurate job description is key because it drives the job posting,” he says. “Make sure yours clearly outlines the expectations associated with the position and the level of experience necessary. Doing so will limit the number of underqualified applicants that cross your desk, and it may even eliminate the possibility of a bad hire.”
In addition, Malone advises hiring managers to examine their entire candidate evaluation process. “Reviewing the steps in your hiring strategy will help you find efficiencies that move top candidates through more quickly, saving time and money,” he says. Managers should also learn to hone in on resume red flags, which can help them quickly weed out bad hires. Additionally, preliminary measures such as phone interviews can help save time by determining if a candidate should be brought in for an in-person interview.