The most recent monthly jobs report shows the seasonally adjusted Seattle unemployment rate for February was 5.0 percent, down slightly from the month prior. Additionally, on a seasonally adjusted basis, 4,800 Seattle jobs were added during the same reporting period.
Across the state of Washington, the seasonally adjusted unemployment rate in February was unchanged at 5.8 percent. The state added 10,600 jobs in February, also on a seasonally adjusted basis.
What impact does the current Seattle unemployment rate have on area employers?
“The declining unemployment rate coupled with regional job growth means we’re still seeing a dearth of available talent,” says Robert Half District President Josh Warborg. “The perfect candidate is almost impossible to find these days, so it’s smart to show a degree of flexibility in terms of ‘must-have’ and ‘like-to-have’ skills. It’s better to hire a promising employee who needs some training than to miss out on top talent completely or make a bad hire.”
During the recruitment process, don’t forget your current stars, Warborg notes: “Ensure existing team members continue to be satisfied by emphasizing work-life balance. Fifty-four percent of employees we polled recently said they have increased their commitment to their personal lives since last year. Perks like flextime or employee wellness programs can keep star players from taking jobs elsewhere.
Warborg adds it’s also important to recognize when resources are spread too thin. “The last thing you want is for productivity and morale to drop during your candidate search,” he says. Working with a staffing firm or utilizing a temp-to-hire strategy when employees show signs of burnout can help prevent staff from feeling overworked and underappreciated.
In search of talent for Seattle jobs? Your area Robert Half recruiter is here to help. Call (844) 839-5878.