The May jobs report by the US Department of Labor shows signs of a strong, bustling economy. The unemployment rate fell to 3.8%, the lowest in nearly two decades, and the number of jobs grew to 223,000, marking the 92nd consecutive month of job creation. But good news for the economy doesn’t necessarily mean good news for employers actively searching for top talent. In our current economy with more open jobs than job seekers, employers are now competing for talent, and they’re forced to get a little creative. Offering higher wages, fun work perks, robust benefits, and corporate social responsibility programs are among the top ways employers are trying to stand out from the rest. And as college grad season comes to an end, now is the time to shift your focus on the fresh, young talent looking to enter the workforce.
Keep scrolling to check out the full May jobs report and download The Recruiter’s Guide to Entry-Level Talent for creative and sustainable ways to attract and retain top talent in today’s economy.