Strong hiring projected for Q4

There’s solid news for the economy that we’d like to share, thanks to the latest survey by CareerBuilder, which finds growing optimism from U.S. employers, signaling more hiring in the coming months.

The survey found that 34 percent of businesses plan to add full-time, permanent employees in the fourth quarter of the year, while 33 percent say they plan to hire seasonal workers.

“Our study is reflecting a durability in the U.S. economy and labor market,” said Matt Ferguson, CareerBuilder CEO. “Employer confidence is widespread and the strongest we’ve seen since 2006.”

One of the more encouraging signs of an improving economy comes from the retail sector, which is gearing up for the holiday season.

Fifty-three percent of retailers say they plan to hire seasonal staff in the final quarter of the year, up from 43 percent who said the same last year.

The third-quarter performance this year was also a marked improvement over recent years. The survey found that 39 percent of employers added full-time workers to the payroll during that time period, a slight increase over 34 percent last year.

There’s also some encouraging evidence that wages will increase for seasonal workers, who are often on the lower end of the pay scale. The poll found that 37 percent of seasonal employers plan to boost pay, with 72 percent paying at least $10 an hour and 19 percent paying at least $16 an hour.

The wage increases are brought on by a competitive labor market as well as by recent high-profile political initiatives to raise the minimum wage.

“Hiring will continue on an upward trajectory for both permanent and seasonal positions, with pay expected to improve over last year as companies keep pace with minimum wage hikes and compete more aggressively for elusive talent,” Ferguson said.

Apprentice Personnel find jobs for people just like you in many different fields: hospitality and catering; light industrial and construction; commercial food service; property management; government; non-clinical medical; and clerical and administrative. 

About the Author

Will Temby

Will has enjoyed a 20-year career in leadership positions in the hospitality and travel industry throughout the U.S. with the Hyatt, Sheraton, Hilton, Renaissance and Steamboat Ski and Resort corporations. Will received a Bachelor of Science degree from the University of Massachusetts at Amherst. From 2000-2007, he served as President and CEO of the Greater Colorado Springs Chamber of Commerce. He also served as Vice President-Special Projects for the University of Colorado Foundation from 2007 to 2009. Will is a past Chair of the Board of Directors of the National Homeland Defense Foundation and former member of the United States Chamber of Commerce Committee of 100. He is married to Nan, has five wonderful children, and enjoys coaching, traveling, hiking, golfing and skiing.

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