The New York City unemployment rate rose slightly in December to a seasonally adjusted 5.0 percent, according to the latest monthly jobs report. That number is down significantly from 6.5 percent, as reported 12 months prior. In December, 87,100 New York City jobs were added on a non-seasonally adjusted basis.
In the state of New York, unemployment remained unchanged at a seasonally adjusted rate of 4.8 percent in December. Additionally, the state saw seasonally adjusted jobs gains of 12,400.
What does this mean for employers looking to staff New York City jobs?
The New York City jobs market remains competitive for employers in search of highly skilled professionals, says Dawn Fay, district president with Robert Half. Fay recommends that hiring managers continue to evaluate their company’s salary and benefit offerings to ensure they’re competitive in today’s market.
Fay also notes that a lack of talent due to the relatively low New York City unemployment rate means that employers need to take extra steps while reviewing resumes.
“There are some good candidates out there, but there are others who may be inflating their abilities, and the last thing you want is to make a bad hire,” Fays says. She encourages employers to be on the lookout for resume red flags. “Short tenures at different companies, vague wording and excessive personal information can all be warning signs of potential problems down the road,” Fay says.
“Additionally, it’s good practice to conduct phone interviews to pre-screen candidates,” Fay says. Phone interviews, she notes, can address employment and skills gaps, and can also provide insight into whether the candidate will dovetail with your corporate culture. If the phone interview doesn’t go well, Fay says, chances are an in-person interview won’t either.
Are you looking for top talent in New York City? Your local Robert Half recruiter can help. Call (844) 839-6888 today.