The non-seasonally adjusted Minneapolis unemployment rate dropped 0.3 percentage points to 3.1 percent in September, according to the latest monthly jobs report. In spite of the decreased unemployment rate, 6,200 Minneapolis jobs were lost in September on a seasonally adjusted basis.
Across the state of Minnesota, unemployment dropped 0.2 percent in September and came in at a seasonally adjusted rate of 3.8 percent. Statewide, however, the monthly jobs report shows that jobs decreased by 5,700.
So what does this mean for employers looking to staff Minneapolis jobs?
Demand for skilled professionals remains very strong in the area, according to James Kwapick, district president at Robert Half. “The Minneapolis unemployment rate is significantly lower than the national average, and employers need to be ready to offer competitive starting salaries to top candidates to land the talent they need.”
Though compensation is a key element in a candidate’s decision whether to join a firm, Kwapick urges employers to understand what else might motivate a potential candidate. “Benefits such as telecommuting, flexible schedules, fitness incentives or company-paid health insurance may be just as important in getting candidates to accept your offer,” he says.
Additionally, when it comes to making a good hire, Kwapick points out that it’s vital to ensure potential candidates will thrive in your work environment. “An applicant might have a great looking resume, but if his or her personality or work ethic doesn’t mesh with your current staff, it could cause trouble down the road. Naturally, this means you’ll have to spend more time and money recruiting a replacement.” To avoid the cost of a bad hire, look for candidates with values that are aligned with your company’s mission.
Do you need assistance locating talented candidates for Minneapolis jobs? Your local Robert Half recruiter has the insight you need. Call (844) 823-6469 and we’ll be happy to help you in your search.