The State of Florida Employment – March 2018
As of this month of March 2018, in the last 12 months, Florida added 150,900 jobs. That’s one of every 13 jobs that currently exists. Overall unemployment is at 3.9%, the lowest percentage over the decade. However, here is what is interesting. Keeping in mind there are 21 million people living in Florida, there are 397,000 people looking for jobs and there are 261,619 jobs looking for people.
Assuming the reader of this article is in the Private Sector of employment as opposed to Public Sector of government employment, 23,494 Private Sector jobs were added over the last 12-months. Even at a record low of 3.8% unemployment in the Private Sector there are still 39,469 Private Sector workers unemployed and 20,892 Private Sector jobs looking for people.
Clearly, the persons looking for work are not matching up with the skill sets that these 21,000 Private Sector jobs are looking for.
So here is the conundrum, if unemployment is at a record low and there are fewer jobs looking for people than there are people looking for work, why aren’t these jobs just filling up? As a Recruiter and street wise expert on employment my educated guess is the persons looking for work either don’t have the technical skills that are required by todays employment market or just as likely their past compensation is considerably higher than what is being offered. In-other-words, there are more lighter level jobs available that typically hire younger workers as opposed to higher level higher paying jobs that require more job experience and maturity. This is magnified even more when todays current demographic shows there are older workers than there are younger workers.
Ok, I said it. Older workers are not being hired by employers. The law requires that employers do not discriminate against age but the reality is older more experienced workers that are used to making more money than the lighter level jobs pay are just not going to accept lower payment terms and will typically hold out for better paying work.
So, how does an employer wade through this? We know a number of our clients who have posted job openings in their companies online or on their websites are getting anywhere from 200 to 300 responses. This would seem to be great response for them except maybe only 2 or 3 candidates out of that 300 applicants actually qualify for the job opening. Two to three hundred responses is a lot of responses to go through to find 2 to 3 qualified candidates and I am willing to bet once all of those resumes and applications have been reviewed those candidates that did qualify are either already hired or are entertaining several other offers.
This is why our clients continue to use MSi Consulting for their hiring needs.
MSi on a daily basis is combing through hundreds of candidates and continually conducting pinpoint recruiting efforts for a multitude of search assignments they have been assigned to MSi by their client. Many of those jobs of which are similar in job title, industry specialty, compensation range and an acceptable location in terms of commuting time and distance. So, MSi can react quickly to our client’s needs essentially saving their clients the considerable time that it takes to conduct a search for a qualified employee. MSi will also expedite the hiring process so that good candidates aren’t hired by your competition before you can make an offer and MSi makes our clients’ needs our number one priority.