According to the most recent monthly jobs report, the non-seasonally adjusted San Francisco unemployment rate for April was 3.0 percent, down 0.2 percentage points from last month. On a non-seasonally adjusted basis, 6,700 San Francisco jobs were added during the reporting period.
Across the state of California, the seasonally adjusted unemployment rate for April was 5.3 percent, down slightly from last month. Throughout the month, the state added a total of 59,600 jobs on a seasonally adjusted basis.
What do the San Francisco jobs numbers mean for employers in the area?
Robert Half Senior District President Sharon Black believes that San Francisco hiring managers who want to stay ahead of the competition will have to take a new approach. “Today’s candidates, especially Generation Z — the newest generation on the market — are looking for more than a paycheck,” she says. “They value jobs that allow them to meet both personal and professional obligations. To attract these workers, consider offering incentives like telecommuting options and flexible work hours.” Promoting a healthy work-life balance in this way can tip the odds in your favor, particularly for candidates fielding multiple offers.
For employers struggling to attract qualified candidates, Black suggests evaluating hiring strategies. “The first step in the recruitment process is crafting a well-written job description,” she says. “That’s because the job description should be the basis for the job ad. The better you can characterize the skills and other attributes you’re looking for in the job ad the more likely you’ll be to have qualified jobseekers apply for your position. This can lessen the time and resources you spend reviewing application packages from unqualified individuals.”
Once you’ve located promising candidates, try a variety of interview styles — including the traditional interview and alternatives like the panel interview — to get a better sense of jobseekers’ personalities and whether they’ll mesh with your office environment.
No matter the San Francisco unemployment rate, your local Robert Half recruiter can help you find top talent. Call (844) 303-2724.