BountyJobs Bites San Francisco, NY, and Boston Increase Tech and Digital Jobs According to the Digital Jobs index, the San Francisco Bay Area increased the number of tech jobs by 4,375 for a 2.1% employment gain. NYC saw a 1.8% increase with 1,280 jobs while Boston had growth of 1.1% with 650 jobs. The growth in the Bay Area mostly came from the largest employers in that region, however, growth seen in NY was more broad with 70% of companies increasing open roles across software and internet sectors. Growth in Boston had 52% of companies adding jobs – 48% carried the same headcount or saw decreases. Female CEOs Decreasing in 2018 According to Fortune, 2017 saw a record 32 female Fortune 500 CEOs…but so far, 2018 is seeing a 25% decrease. The number of female CEOs has dropped to 24.  The CEOs that have left their posts have been a mix of veterans and those [...]

BountyJobs Bites U.S. Tech Jobs on the Rise, But Facing Lack of Talent The TechServe Alliance stated that the lack of IT talent contributed to the lack of growth in jobs for the industry. The growth of IT jobs squeaked by with a .05% increase to more than 5.3 million jobs – year over year this is a .96% increase with about 50,700 IT workers added. “While economic downturns result in slow or negative job growth because of lagging demand, we are seeing anemic job growth in IT because of a lack of supply,” said TechServe Alliance CEO Mark Roberts. “Despite robust demand in many IT skill sets, we simply do not have enough qualified IT professionals.” California, Hawaii, and Wisconsin Hit Lowest Unemployment in 40 Years In April, Hawaii took the top spot for lowest unemployment amongst all states in the U.S. at 2% - New Hampshire and North Dakota were right behind at [...]

BountyJobs Bites Job Openings Hit Record in March The Job Openings and Labor Turnover Survey reported that March saw a record 6.6 million job openings. That’s estimated to be one job for each unemployed person – up from 1.9 people per job at the beginning of the Great Recession. In addition, the ‘quits rate’ which signifies confidence in the ability to land a new job after quitting, rose to 2.3%. Unemployment Rate Predicted to Fall Further The Conference Board’s Employment Trends Index (ETI) increased once more in April to 108.08 which is a barometer of solid employment growth. In addition, the Conference Board predicts that the unemployment rate for May 2019 to be 3.5% as the size of the working-age population stalls in growth. Job Growth Expected to Be Strong Throughout Summer “In recent months, the Employment Trends Index continued to improve, signaling that employment growth will remain solid through the summer,” said Gad Levanon, [...]

BountyJobs Bites Unemployment Hits 17 Year Low The U.S. unemployment rate dipped to 3.9% in April, though some analysts state this is due to a decline in the labor force participation rate. The Fed forecasts the rate will decrease to 3.6% in 2019. The economy added 164k jobs last month. What Impacts Grads Accepting or Declining Job Offers The ‘2018 Yello Recruiting Study’ found that almost 50% of respondents, made up of recent graduates and those about to graduate, were weighing multiple job offers. When asked why they declined offers, a negative experience with the recruiter was cited 20% of the time and the time it took for an offer to come through grabbed another 20%. Union Pacific Offers Big Bonus to Denver Hires Train crew positions at Union Pacific’s Denver facility could include up to $20K in hiring bonuses. The bonus is to be paid out over several points within the first 18-20 months [...]