Falling short of expectations, the economy gained only 130,000 jobs in August, the Bureau of Labor Statistics reported on Friday.
The key takeaways from the the jobs report include:
The largest gains in August were attributed to professional and business services, which added 37,000 jobs. Healthcare positions increased by 24,000 and financial services realized a gain of 15,000.
Today In: Leadership
Conversations with over 30 recruiters throughout the country confirm that they view the job market as very robust. The corporate demand, according to the executive search professionals, outweighs the supply of qualified candidates. With unemployment at a 50-year low, companies are experiencing trouble hiring people with the requisite skills and experience.
Dimitri Mastrocola, a partner at Major, Lindsey & Africa, specializing in placing high-end legal executives with top financial institutions said, “The current market for in-house counsel—general counsels and their teams—is the strongest it's been since the 2008 financial crisis.”