Employment and Wages – Good News for 2019

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Employment and Wages – Good News for 2019

On any news network, you find phrases like, “border crisis,” “violence surge,” “government shutdown,” and “trade war.” It’s alarming, and after a while it becomes discouraging. Brelsford Personnel notes some good news backed by hard data. Employment opportunities are better than they’ve been in years, and wages are firming and increasing. If you’re looking for a new job or a better position, this may be the most encouraging environment in a while for conducting your search.

Unexpected Gains

Analysts didn’t expect things to be going as well as they are. Before the new year, experts predicted employment would drop. The economic forecast was flashing warnings. The United States and China have been trading tariffs that raise the cost of goods. The stock market suffered its worst yearly losses in ten years, and interest rates were heading up.

However, employment exceeded expectations. According to an article by The Wall Street Journal, employers in the United States continued adding jobs at a robust rate. In 2018, wages posted their biggest gains in a decade. That is good news, along with the Fed’s announcement they’d be patient about further interest rate hikes, which caused stock prices to surge.

It’s all consumer-based. Unemployment is at its lowest in 50 years, nationally at 3.9 percent. In Smith County, the numbers are even better, with unemployment at 3.7 percent. People are working. They’re making money, and they’re spending it.

What That Means For You

Employers say it’s hard to find the right employees. When they do find them, their goal is to keep them. In 2018 the national average for hourly earnings went up 3.2 percent.

In East Texas we have a very healthy job market and qualified candidates are in high demand. When asked how local employers are working to keep employees, Brelsford Personnel’s Gates Brelsford offered an insider’s view. “Our sense is because there is a shortage of quality employees,” he said, “that creates more demand and therefore pushes up wage rates, because companies have to pay more to get good people.”

“Employers are looking for someone who has at least two things,” he continued. “The first is a very close match in their skillset for that hiring authority. The second is a cultural fit or professional demeanor, and what that is that depends on the company.”

The bottom line is, now is a good time to look for a job. The economy is very healthy as far as hiring goes, so it’s a great time to find the position you’ve been hoping for. It might even come with a wage increase.

Currently, the Brelsford Personnel job board includes openings for a wide range of positions. They might have already posted your next graphics design job, legal assistant position or bookkeeping job. Brelsford specializes in administrative office support, accounting and financial services, human resources and more.

Look through our online job postings to see what’s available today. Also, like and follow The Brelsford Facebook page to see new job openings as they become available.

Sources:

https://www.wsj.com/articles/u-s-december-nonfarm-payrolls-grew-by-312-000-jobless-rate-rose-to-3-9-11546609016

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