Global leader in human capital solutions, CareerBuilder stated, “This is the most optimistic fourth quarter projection since 2007.” With 26 percent of employers planning to add full-time, permanent workers by the end of December, many are feeling upbeat about the job outlook for the year to come.
“We’re seeing continued evidence of stability and growth in the U.S. job market. A dramatic upswing is not likely to happen in the near term, but we’re setting the stage for better job creation in 2013 and beyond,” said Matt Ferguson, CEO of CareerBuilder.
The study providing these results was conducted by Harris Interactive on behalf of CareerBuilder and includes 2,000 U.S. hiring managers and human resource professionals and nearly 4,000 workers across different industries. The survey found both employers and workers to be more optimistic about hiring, as well the fact that more staff was hired in the third quarter than what had been originally predicted.
As for temporary hiring, 33 percent of employers plan to hire temporary or contract works in the fourth quarter, five percent less than during the third quarter. Job outlook for temporary workers should increase due to 23 percent of employers planning to transition some temporary staff into full-time employment, which is up from 17 percent last year.
Overall, hiring is improving throughout the regions. Job market growth can be seen throughout the country, with the West appearing to be the most optimistic this quarter. In the lead with plans to add full-time, permanent staff, the West is at 31 percent, followed closely by the South at 28 percent, the Northeast at 24 percent and the Midwest at a 23 percent increase.
The optimism of the future job outlook has left job prospects feeling exceptionally confident in pursuing new opportunities. Twenty-six percent of workers plan to change jobs in the next year. The effect of the job outlook means an increase in competition for talent. Fifty percent of employers who extended a job offer in the last year reported that a candidate rejected the offer. This is potentially due to taking a another offer or the inability of the offer to meet salary requirements.
The job outlook is good, right? You might still be wondering how the fourth quarter’s predicted job growth could potentially affect you. If you’re currently searching for a job or foresee a search in the near future (fall term college graduates!), use this news to boost your confidence in preparation for the job search. Keep in mind that the job market is still tough and it takes a lot of energy, passion and drive to effectively search and land a job. Use this increase in jobs as more motivation to fuel your search to find success.
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