Behind the Numbers- Unemployment Rate and Recruitment Success

Aug 28, 2010   //   by Instigate   //   Articles, Blog  //  Comments Off on Behind the Numbers- Unemployment Rate and Recruitment Success

There is certainly no lack of statistics and data regarding the current national employment situation. One question we have heard over and over since the beginning of the year: “With so many people unemployed, why are we struggling to fill our job openings?” The answer may or may not be your recruiting processes.

Like many employers, do your job openings require a bachelors degree or higher? If yes, the unemployment rate for those who meet your job requirements is significantly lower.

Employment data kept by the U.S. Bureau of Labor Statistics shows that the unemployment rate for those with at least a bachelor’s degree was 4.5 percent in July 2010, while 10.1 percent of high school graduates who didn’t attend college were without jobs. Add those who never graduated from high school, and the unemployment rate creeps up to 11 percent.

If your job openings require a bachelors degree or higher; solid recruitment practices and strong employer branding are still critical to attracting top talent even with today’s difficult economy.

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