We have long believed that Staffing Firms and their job posting activity are a direct reflection of the job market. Why? First, Staffing Firms get paid money to find candidates for their client employers, pure and simple. If there were no searches to be done, there would be no postings. Second, the fact that Staffing Firms have to supplement their normal search activity and try to drive candidate flow by job postings, show that demand is far exceeding supply and they cannot generate enough candidate flow for their client needs. Does this help everyone that is unemployed? No, but it does show there are jobs out there.
More from Wanted Analytics:
So far in 2011, Staffing Agencies have posted more than 3.63 million job ads (34% of all jobs advertised online in the US). Over the past 30 days, there were more than 322,000 new jobs advertised. Although down by about 18,000 from the previous 30-day period, Recruiting Agencies have grown their online ad share by about 9% since the beginning of the year. The metro areas with the most job ads placed by Recruiting Agencies during September were New York, Los Angeles and Chicago.
Volume of Online Job Ads by Recruiting Agencies – 4 Years
The occupations that Staffing Firms are recruiting for fall in line with the highest demanded occupations by employers, with Healthcare and Tech jobs being the most demanded. Healthcare jobs accounted for 32% of all ads placed by staffing firms. Tech and Computer Specialist ads represented about 23% of ads placed by agencies. Other highly demanded occupations were Management Occupations, which consist of Marketing Managers and Departmental Managers, and Business and Financial Occupations, such as Accountants and Management or Financial Analysts, represented a combined 12% of ads by third party recruiters.
10 Occupations with Highest Ad Volume by Recruiting Agencies
Since Staffing Agencies are recruiting for some of the most highly demanded and hard-to-fill occupations in the US, they are likely to find their job reqs hard-to-fill. For example, our Hiring Scale™ shows that Occupational Therapists are the most difficult to recruit of the healthcare related occupations. Nationwide, the talent pool consists of about 1 potential candidate in the workforce for every advertised jobs, meaning that third party recruiters are likely to experience extremely difficult recruiting conditions. Chicago’s talent pool is smaller than average, and Recruiters – both corporate and third party – are likely to see a talent shortage for this occupation in the area.