Recent Hiring Data Offers Explanation for Low and Slow U.S. Job Growth

Recruitment software provider, iCIMS, releases Quarterly U.S. Hiring Trends report, sheds light on the types of positions employers are looking to fill

MATAWAN, N.J., — iCIMS, Inc., a leading provider of Software-as-a-Service (SaaS) talent acquisition solutions, announced today that the company has released its quarterly U.S. Hiring Trends report. The report indicates that while the number of total jobs postings continues to increase, there has not been a material increase in full-time positions relative to part-time, contingent, and intern positions. This underlines outstanding concerns about the about the quality of jobs being created for American workers.

The U.S. Hiring Trends report presents data from January 2014 through March 2016 pulled from iCIMS’ customer base of more than 3,200 contracted customers, companies that collectively post roughly 1.8 million jobs each year. “Our data indicates that as people enter the workforce for the first time or re-enter post-recession, many are resigning themselves to internships or part-time and contract work, rather than full-time positions,” said iCIMS chief economist, Josh Wright.
Key findings in the report include:
In the beginning of each year since 2014, the number of applicants per internship position has consistently grown while, during the same timeframe, the applicant ratio for full-time positions has declined.
In Q1 of 2016, internship positions had an average of about 37 applicants per job filled, while full-time positions had only 26 applicants per job filled.
“While job growth has been remarkably steady for the past few years, the nature of those jobs confirms a shift in the landscape of the U.S. labor market,” said Wright. “Millennials continue to live at home with their parents and experienced workers are finding themselves joining the ‘gig economy’ as contract workers just to bring home a paycheck.”

Beyond seeking alternative types of employment, such as contract or part-time work, job seekers should consider alternative locations. This report provides indicators of which U.S. cities are seeing the most rapid job growth. In Q1 2016, New York City posted the highest number of jobs to be filled, while Houston had the highest growth rate in jobs to be filled since Q4 2015. Kansas City, Mo. experienced significant growth in jobs to be filled from Q4 2015 to Q1 2016, experiencing nearly a 57% increase in job postings.

Data from the report is generated automatically through user interactions with iCIMS solutions. The report focuses on what’s referred to as the talent supply/demand ratio and the total number of job postings by employers. The talent/demand ratios are presented as an average across the iCIMS customer base. iCIMS’ chief economist collaborated with third-party data analyst firm, Hanover Research, to arrive at the data conclusions reflected within the report.
To view the full report please visit iCIMS Hire Expectations Institute™ .

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