Job Seekers Finding Employment Faster

info@savannahjobs.com (Rob) — Mon, 23 Jul 2007 22:42:17 -0400

This information was taken from a CNN Money story.

Employment seekers found positions 17 percent faster between April and June than in the previous quarter, according to the Job Market Index by employment search firm Challenger, Gray & Christmas, Inc. The survey said that labor shortages spurred by low unemployment are allowing job seekers to secure higher salaries and more generous benefits.

The biggest improvement was in job seekers above age 50, whose search times decreased by an average of 32 percent from the previous quarter, according to the study. The firm cited the Bureau of Labor Statistics showing that the unemployment rate among workers aged 50 to 54 eased from 3.3 percent to 2.8 percent over the last two years.

The median job search time for people who got jobs was 3 months, down from 3.6 months in the previous quarter. The figure was 29 percent lower than a recent high of 4.2 months set in the third quarter of 2006. Almost 93 percent of those seekers said they were able to get equivalent or better-quality positions, compared with nearly 91 percent last quarter.

Savannah GA Jobs Blog: Job Seekers Finding Employment Faster

Job Seekers Finding Employment Faster