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July job growth gives business owners a reason to be optimistic

July job growth gives business owners a reason to be optimistic

According to the latest report from the Bureau of Labor Statistics (BLS), the U.S. economy added 163,000 jobs in July.

This is being taken as a very positive sign, as the report offered a significant rise in job creation, compared to the figures reported during the preceding three months.

For those firms that are looking to capitalize on the current bout of economic growth by hiring new workers, it may be in their best interest to partner with a firm of professional recruiters. Working with experts offers several key benefits to a company.

Partnering with professionals eliminates the need to rely on personal connections to come up with candidates in a timely manner, which can lead to imperfect outcomes. Also, professional recruiters have a level of experience and focus that allows them to provide a significant aid to their clients throughout the recruitment process, helping companies to identify, evaluate and recruit their top choices for the positions that they are looking to fill.

However, it is important for businesses to ensure that they are prepared to expand their staff before taking on new payroll and benefits commitments. The news in last month’s jobs report was not all positive, as the unemployment rate rose slightly to 8.3 percent, due to the expansion of the workforce. And, as we’ve reported previously, global events such as the European financial crisis continue to exert a drag on the U.S. economy.

Working with a financial project consulting service can help your company determine whether this is the right time to be making significant long-term commitments by bringing in new staff members.

ExecutionistJuly job growth gives business owners a reason to be optimistic