According to the most recent monthly jobs report, the seasonally adjusted Philadelphia unemployment rate for March was 4.8 percent, up 0.3 percentage points from February. During the same reporting period, 14,400 seasonally adjusted Philadelphia jobs were added, bringing the area’s total to a record high of 2,874,900.
Statewide, the seasonally adjusted unemployment rate also increased by 0.3 percentage points, coming in at 4.9 percent in March. On a seasonally adjusted basis, the state added 15,300 jobs during this reporting period and saw its own record high of 5,891,700.
How do these numbers affect employers looking to staff Philadelphia jobs?
Robert Half Regional Vice President Stephanie Naznitsky notes the uptick in the Philadelphia unemployment rate coupled with the record number of jobs in the area means employers need to broaden their searches. She suggests hiring managers consider alternative candidates, such as recent college graduates or temporary employees brought in on a temp-to-hire basis.
Naznitsky also underscores the importance of an aggressive hiring process. “To land top talent in the current Philadelphia jobs market you have to act quickly,” she says. “Candidates with in-demand skills are scarce and some of them may be fielding multiple offers, so it pays to offer competitive compensation and move fast with recruitment. You also need to sell your company to candidates by emphasizing the advantages of your corporate culture and the alternative benefits you offer, such as flexible hours and volunteer time off.”
In search of top talent for Philadelphia jobs? Your local Robert Half recruiter can help. Call (855) 399-4842 today.