There are so many reasons to love Chicago – the architecture, the food, the culture, the sports … we could go on, but we all know, Chicago is truly one of the greatest cities. There just might be another reason to love Chicago as of late: the employment market. We say "just might be…" because we all know how uncertain the economy is, especially after a lackluster May Jobs Report from the U.S. Department of Labor. However, the Chicago Tribune and the Sun-Times each printed articles this week with cautiously optimistic news about our local jobs market.
Today, the Tribune summarized the results from Manpower’s Employment Outlook survey, which was just released. Based upon their survey of 140 employers in the Chicagoland area, 22% of companies plan to increase hiring in the third quarter, ahead of the pace one year ago and up from 19% last quarter. 9 of 13 industries show positive trends. Chicagoland employers are slightly more optimistic than those around the country. We’ll take it! This economic recovery is slow and painful and this is positive news.
The second piece of good news came yesterday in a Sun-Times article. Keep in mind that historically, temporary staffing is an early indicator of economic trends: growth in temporary staffing demand typically proceeds economic growth as demand starts to increase and companies slowly start to add talent. Companies can leverage the flexibility of temporary workers to see if the uptick in demand is sustainable. The Sun-Times article mentions that many staffing firms are seeing an increase in temporary staffing, and we see the same at Advanced Resources. This increase in temporary staffing demand is another positive indicator that our local jobs market could finally be improving.
Job seekers, are you seeing more job opportunities in the Chicagoland area? Employers, what’s your outlook on staff additions for the remainder of the year? Advanced Resources is proud to be one of the top staffing agencies in Chicago. We are also proud to provide insight on the latest trends in our market. In the meantime, let’s be thankful for this sunny weather, and more importantly, this sunny employment outlook.