2014 is on track for its strongest year of job creation in the US since 1999. The labor Department reported that November was strongest month of hiring in the US since January 2012. They also revised their numbers for September and October which showed that US employers added 44,000 more jobs than previously estimated. The unemployment rate in November remained unchanged at 5.8%, but reflects a decrease from 7% at this time last year; which is its lowest level since mid-2008. We are seeing an acceleration in wage growth as well. This is adding an increased level of complications for many companies who are looking to retain their high-performing talent, while competing for additional highly skilled, technical and management level talent. 2015 should see more of the same, as more professionals look to leverage their experiences and successes coming out of the last recession.
Bruce Peacock
Vice President of Business Development
The Richmond Group USA