According to the most recent monthly jobs report, the non-seasonally adjusted San Francisco unemployment rate held steady at 3.2 percent in March. This represents a decrease of 0.5 percentage points from this time last year. On a non-seasonally adjusted basis, 5,300 San Francisco jobs were added during the same reporting period.
For the state of California, the seasonally adjusted unemployment rate was 5.4 percent in March, a slight decrease from February. Statewide, a total of 4,200 jobs were added during the same reporting period, also on a seasonally adjusted basis.
What does the updated San Francisco jobs report mean for employers in the area?
According to Robert Half Senior District President Sharon Black, the steady San Francisco unemployment rate and the multiple job offers being presented to the same candidate can create difficulties for managers attempting to staff open positions. Black encourages companies facing talent shortages to consider rehiring former employees as a solution for the shortage of talent. “Managers may be able to fill dire needs by reaching out to ex-workers, who can alleviate strain on existing staff members by getting up to speed with less training,” she says. To prepare for these situations, Black says it’s crucial for managers to part on good terms with potential “boomerang” employees, and to maintain contact to increase the chances of working with them again in the future.
Aside from tapping former employees, Black notes that employers can also utilize Robert Half’s Salaried Professional Staffing Services (SPS) to fulfill critical positions and to maintain project continuity. “Our Salaried Professional Service provides companies with highly skilled talent on a long-term project basis and is a great option for many companies,” she says.
Do you need top talent for open San Francisco jobs? Your local Robert Half recruiter is here to help. Call (844) 303-2724 today.