Understanding what the behavior of private employers means for your job search.
Coming off of a less-than-stellar fourth quarter, the U.S. economy seems to be moving in the right direction as private employers added an estimated 192,000 jobs to their payrolls in January, according to ADP’s National Employment Report.
Now, there’s a chance that last sentence almost put a few of you to sleep. So before you pass out from sheer boredom, let’s shift gears and focus on what really matters — how the behavior of private employers relates to your personal job search.
What job seekers should know
1. The job market is improving
“According to the ADP National Employment Report, private sector employers created an average of 183,000 new jobs per month during the last three months,” said Mark Zandi, chief economist of Moody’s Analytics. “This is an encouraging sign of steady improvement in the job market.”
2. Small businesses are hiring
Companies with under 500 employees accounted for all of January’s net employment gain, while big businesses were responsible for an estimated 2,000 jobs cuts during the month.
Keep local businesses in mind when considering potential employers. They may not have the mass appeal of Google or Apple, but smaller companies are providing real opportunities for job seekers every day.
3. It’s a good time to be a specialist
The professional/business services sector added 40,000 jobs in January, which means that private employers are on the hunt for candidates with specific skills like accounting, engineering, or scientific research.
Job seekers might consider enrolling in a free online class to gain valuable knowledge in a specific field and build up your portfolio.
Does good employment news inspire your job search? Let us know your opinions in the comment section below!
[Photo courtesy of Flickr, U.S. Navy]