Unemployment Claims Rise, But the Candidate Market is Still Tight

As reflected in today’s Wall Street Journal article, recent unemployment claims rose slightly in the latest period.  However, unemployment is still at a 49 year low.  For accounting and finance positions, unemployment is historically around half the general unemployment number, which currently sits at 3.7%.  In Chicago and San Francisco, demand still exceeds supply for qualified candidates.  We see increased movement in manufacturing and financial services, along with a slight increase in demand in the nonprofit sector.  For the full WSJ article, click here.

Health Insurance costs continue to suppress small business growth.  As we enter into what for many companies is their benefit renewal season, rising costs are being somewhat mitigated by lower benefit levels. Many plans are increasing their deductibles from $500 per person to $750 per person, out of pocket expense limits are rising and being restructured to max out sooner in the benefit plan year.

Torrey & Gray places accounting and finance professionals that drive your company’s goals forward.  Contact us if you need permanent employees or temporary staff.  We place CFO’s, Controllers, Treasury Professionals, Accounting Managers, Finance Leaders, etc.  Based in Hoffman Estates, IL, we serve the Chicago and San Francisco markets for accounting and finance recruiting.