The Job Market Evolution – June 2022
2022 is halfway over. Amid an ongoing jobs recovery, a prominent job market reshuffle and experts signaling a recession, the job landscape continues to make strides to return to pre-pandemic levels. With 372,000 jobs gained, the Bureau of Labor Statistics (BLS) June 2022 jobs report surpassed Dow Jones’ 250,000 estimate. Year-to-date, the job market grew by 2.7 million jobs. The Rose International Team remains committed to assisting professionals as they look for the next chapter of their careers.
Status of the Jobs Recovery
With a 3.6% national unemployment rate and 5.9 million people unemployed in June 2022, the data is similar to the respective 3.5% and 5.7 million recorded in February 2020. According to the BLS, the professional and business services sector gained 74,000 jobs in June 2022 and has 880,000 more jobs compared to February 2020. In the similar job category of business professional, Rose International saw a 4% month-over-month increase in job openings.
The BLS’ recent Job Openings and Labor Turnover Survey (JOLTS) found there were 11.3 million job openings, resulting in nearly two jobs available for each unemployed individual. In 2021, job openings reached a series high following the series high of layoffs from March 2020, when the pandemic began.
The BLS reported the temporary help services sector grew by 5,400 jobs following a revision from 19,300 to 11,200 jobs gained in May 2022. Contingent work, or temporary hiring, is up by 11% year-over-year, contributing to more than 3 million overall jobs for this category. Year-to-date, Rose International saw a 29% increase in total combined job openings in 2022 compared to 2021. The Rose International Team is eager to connect job seekers with fulfilling opportunities. Click here to find your next job!
Tips for Job Seekers
During the current jobs reshuffle, there are millions of job openings and job seekers. As the job landscape continuously evolves, a strategy is critical for a successful job search, whether someone is looking for their first job or an experienced professional is looking for a career change. Below are some tips that may help:
1. Take inventory of skills and upskill if needed
2. Prepare needed items, such as resumes, online profiles, references, etc.
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3. Apply to job openings that support your goals
4. Follow up accordingly
Bonus tip: By connecting with the Rose International Team, job seekers are set up for success through resume review, interview prep and an invaluable connection to top companies hiring right now. Click here to view Rose International’s job openings and apply for positions that fit your needs.
With the second half of 2022 ahead, the direction of the jobs recovery, reshuffle and economy are still unknown. What is known is that organizations are still seeking talented individuals. Rose International remains committed to linking thousands of professionals with job openings nationwide.?
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?? Rose International?is one of the largest providers of Staffing and Workforce Solutions to corporations and government agencies, employing thousands of people in all 50 states. Certified minority- and woman-owned, the company is headquartered in St. Louis, MO and has offices and service delivery centers across the U.S. and India.
?? Rose International is hiring!?Click here to view our available job openings. Know someone looking for the next step in their career? Send them?this link. Jobs are updated frequently, and we encourage you to check back often.