Employment market data: what it means for your company
The Wall Street Journal reported last month that about 50% of U.S. workers can earn more with current jobless benefits than they did while working -- a factor that could hinder efforts by some businesses to reopen.
Nearly 80% of currently unemployed Americans are temporary layoffs or furloughs. That means about 18 million of the 23.1 million unemployed Americans are still technically attached to an employer.
Surprisingly, the unemployment rate for Computer/IT related occupations went DOWN in April 2020 to 2.8%.
With unemployment rates for Computer/IT related occupations actually decreasing you should be engaging with qualified candidates today.
If you have any intention of hiring IT related employees in the next 6 months you must start now.