Government statistics reveal optimistic news
You hear facts and figures every day on the news: the job market is up, the unemployment rate is down. But what exactly does it mean for you?
Well, the good news is … there is a lot of good news. And in that spirit, we’ve provided the following breakdown of three reasons why 2015 might be the ideal time to re-evaluate your job prospects:
1. The Unemployment Rate Is the Lowest It Has Been Since 1999
The most recent U.S. Jobs Report revealed the unemployment rate as having dropped to 5.6%. To put that in perspective, that’s the lowest it’s been since 1999.
What this means is that more companies are now hiring for long-standing vacancies, while other companies are growing their businesses and hiring more.
2. Long-Term Unemployment Is Decreasing at a Rate of 1 Million Per-Year
One of the less talked-about aspects of the most recent Jobs Report is that the long-term unemployed (i.e., taxpayers who have been out of work for 6-7 months or longer) has decreased by more than one million people over the last year alone.
What this means, in effect, is that there is available work for more would-be candidates who have the drive to seek employment.
Tip for job seekers: Don’t forget to visit career-counseling centers and post your resume online. Employers with positions to fill may be actively looking for qualified people.
3. Employers Plan on Doing More Hiring in 2015
According to the Employment Index, there was an increase in new hiring throughout every month of 2014, signaling that many companies may be in a position to grow. As a result, there is not only more opportunity for existing job seekers, but – according to the U.S. Bureau of Labor Statistics – that growth is likely to continue throughout the first half of 2015.
Happy job hunting!
Branford Hall offers a variety of vocational training programs that can help you plan for a successful future.