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Joanie Ruge, Randstad Holding U.S. SVP and chief employment analyst, weighs in on Thursday’s jobless data, plus new trends the firm is noticing on t...
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Eighteen dollars.
While jobless claims hit a four year low last week but our next guest says the company is well that's -- higher differently than ever before and that may not be good news for the recovery joining -- -- study review senior vice president and chief employment analysts.
Peroxide holdings -- -- does your space has been really on buyer here lately and you know again -- traders and emails.
I looked at the actually -- On assignment took over another company but on assignment -- -- stock was up 26% yet have sentiments so what is Wall Street know that they went to the acquiring companies out of that much is is this consolidation going on because the your industry senses.
That there's going to be a big spike in the unemployment demand inspecting -- -- Well you know I I think coming out of this recession we've certainly seen that.
The temporary staffing industry employment industry has done very well because.
The jobs have come back.
And they've come back strong in temporary and contract in.
The professional sectors so we're seeing a lot of growth in information technology engineering.
Finance and accounting healthcare pharmaceuticals.
A lot of job creation but companies are hiring differently -- high carrying to have more flexibility in their workforce -- I think I'm gonna talk about that but -- also -- tonight in that -- yesterday was IP centric there's a piece out of your company today that America may become your number one number one market to parent company enters its -- -- -- -- -- -- we are they -- the Netherlands but but now America big in part because of the acquisition -- you -- and again it's centered around.
I he.
Stem job science technology engineering math what what's the deal that you know because -- -- that these jobs are going begging like there's so many of them out there we can't do.
Yellow -- -- certainly there's a lot of interest you can see that our CEO Ben noted -- did come out and publicly state.
You know that in the past -- from the Netherlands -- biggest markets now North America will be in a lot of that has to do with.
These professional factors and IT.
You know -- god technologies is one of our biggest businesses here in North America.
And it's because this sector continues to grow there's a lot of job creation and infrastructure -- application development.
Business analysts a lot of project jobs so I think it even as you can see in the industry and we're seeing some consolidation.
I T is no definitely very hot right now it's gonna continue to remain a hot sector certainly this year and into next what -- About the other sectors -- that have been beaten down like construction and and other areas you know parts you know that sort of more blue collar type jobs or are they gonna come back -- are -- gaining momentum because we had a hand the couple dot supports ago.
The manufacturing look like it was starting.
We -- a little movement in manufacturing see you could see that you know in 20082009.
Most of those job losses.
Why are in construction and manufacturing.
And that we've started to see some movement -- not seen those jobs come back to the levels that they've been before.
So a little bit of movement I think January we had 50000 jobs created manufacturing.
February was another month -- around 30000 jobs but not for the level that we really need them to be.
In order to see you know what I level modeling.
Well for manufacturing I mean we were losing hundreds of thousands of jobs in 20082009.
So.
Yes 50000 is a good month but we need to get that number above a 100000 a month -- -- -- see some movement though you know in those factors and really the US just needs to manufacture and make more things to help you know kind of get people back to work in those sectors.
-- lets talk about this temporary hiring -- that that this is sort of a phenomenon but I'm wondering.
Have we seen a paradigm shift before one temp jobs were climbing that was a good sign because okay arsenal temporarily and then let Iran we make them a full time employee.
But that's not necessarily the case anymore.
Yes -- I I think there's a real kind of switch in our industry to I think companies.
Are looking at different solutions to manage their work force they're managing their talent different -- They're looking for more flexibility.
In their workforce models and so they are hiring people.
As a temporary or contractor on long term assignments.
And it gives them some flexibility to kind of RAMP -- shrink their workforce without feeling -- they have to lay off.
A bunch of people but in addition there's also a lot of talent on the market that light to go and work on these jobs they enjoy.
Working in different industries different companies are gaining different experience.
So this could be a new trend it certainly seems like we're moving in that direction.
Okay we've got thirty seconds I can't let you go to little early but I'm looking -- in number for this month.
I think we're gonna see and that there are consistent month of job growth hopefully north of 200000.
North.
That they can they have gone out on the limb to Moneyline -- number number -- OK they do think 450000.
Is okay 250000.
Will be -- -- -- -- at the minute parent you know what you've been better than most that they aren't.
Thanks a lot Johnny remained of -- -- not holdings appreciate.
