The most recent monthly jobs report reveals the seasonally adjusted Seattle unemployment rate for August was 4.1 percent, a decrease of 0.3 percentage points from the previous month. During the same reporting period, 6,300 Seattle jobs were added on a seasonally adjusted basis, according to the Washington State Employment Security Department.
Statewide, the seasonally adjusted unemployment rate dropped slightly to 5.7 percent in August. Month over month and on a seasonally adjusted basis, the state of Washington added 2,600 jobs.
How does the declining Seattle unemployment rate affect area employers?
According to Robert Half district president Josh Warborg, “The decreasing Seattle unemployment rate is just another sign of the difficulty hiring managers are having locating skilled talent for Seattle jobs. In this environment, it’s vital that companies know how to gain an edge on the competition for top talent.”
Salary can be a make-or-break factor when it comes to landing your top picks, Warborg says. He encourages hiring managers to benchmark their starting salary offerings against data in the Robert Half 2017 Salary Guide. “If your monetary compensation falls below market averages, either find a way to offer more or promote other benefits and perks that could make up the difference in the minds of job candidates,” he says. “Work-life balance is a key consideration for many of today’s job seekers. Offering flexible work hours, telecommuting and extra vacation days can influence their job offer decisions.
Professional development programs and employee rewards systems are also well received by candidates, Warborg adds. “No matter which incentives you decide to offer, be sure to advertise them in your job postings. Sometimes, they’re worth more than extra money, especially to up-and-coming members of the workforce such as Generation Z,” he says.
In search of top talent for Seattle jobs? Your local Robert Half recruiter knows the market inside and out. Call (844) 839-5878 today.