The Labor Department reported that the June 2022 unemployment rate remained unchanged at 8.2% while 80,000 jobs were added, mostly in the professional services sector. While 47,000 professional services jobs were added, nearly half were temporary positions. The healthcare sector added 13,000 jobs as the Supreme Court upheld the Affordable Care Act's individual coverage mandate, setting the stage for insurers and healthcare providers to prepare for substantial growth.

1. UNITED STATES
Joe Cianciolo
Searching for Perfect Candidate Senior Recruiting Manager
Management Recruiters of Cleveland-SW
May Miss the Perfect Match 3511 Center Road P.O. Box 178
Brunswick, OH 44212-0178
When hiring managers begin to write the list of qualifications, they Work: (330) 273-4300 ext.109
build lists of everything they think they want in a candidate. It's a Fax: (330) 273-2862
Cell: (440) 532-2134
process not unlike building a dating profile; pulling characteristics Email: joecc@mrcsw.com
out of the air to describe the perfect match. In dating, people tend to Web: www.mrcsw.com
understand that finding someone who matches that description is
unlikely. When they find someone they like, it is almost a
coincidence when they match even the broadest elements of the
original profile.
By contrast, hiring managers frequently use far less latitude in their The trends in the employment data aren't surprising to Jack
candidate searches. The descriptions involve far more precise Downing, a managing partner with the job placement firm
requirements and they are less likely to waiver on them should MRINetwork WorldBridge Partners.
someone outside of the criteria apply.
VOLUME V | | ISSUE 5
In the past six months or so, Downing said he's started to
"Using vetting of candidates based on stringent requirements can see such high demand for college graduates, particularly in
keep out the candidates who have no place in an organization, but fields such as engineering and information technology, that
there isn’t an automated filter that is going to increase your ability to some candidates are fielding multiple job offers.
identify, much less attract impact players to your organization," says Jack Downing, MRINetwork
Rob Romaine, president of MRINetwork. "There isn't an accredited As quoted on MSNBC.com, June 4, 2012
Master of Innovative Thinking degree or Doctorate of Self Starting,
and a resume that claims someone has such qualities only means
they know those skills are important."
French unemployment reached 10 percent in April, its
The 8.2 percent national unemployment rate, and even the 3.9 highest point since late 1999. Socialist President Francois
percent bachelor's degree and higher unemployment rate, seem to Hollande replaced Nicolas Sarkozy on May 15, and has
still give employers a false sense of plentiful candidate supply. It's been tasked with righting Europe's second largest
like the man stranded on a tropical island, surrounded by salt water economy. Via Reuters.
— yet dying of thirst.
In China, college graduates are expected to be entering
July 9 2012
"In the early days of the recession, we saw amazing candidate one of the toughest labor markets in recent memory just as
availability. Top candidates truly were victims of circumstance — graduation rates in the country begin to explode. Between
doing great work but losing their positions regardless — and 2008 and 2011, the number of newly minted college
became available on the active candidate market," notes Romaine. graduates grew from 5.6 to 7.7 million. State media points
"But a type of reverse osmosis has had time to set in. The most out, however, that college enrollment ratios are still far
desirable candidates found new positions. Today's unemployed lower than in many western countries. Via China Daily.
population — especially the professional space — largely consists
of people whose skills and education doesn’t match with the needs
of the marketplace.
More than 22 percent of the U.S. workforce is in a professional or
related occupation, but less than 11 percent of the 12.2 million
people unemployed in May have professional experience. That
translates to just 1.3 million lawyers, engineers, economists,
computer programmers and more who are unemployed today and
actively looking for a job. If you widen the net to include managers
and financial professionals, the statistic grows to 38 percent of the
U.S. workforce but still less than 19 percent of the unemployed
population.
"When talking casually to hiring managers they know how tight the
market is, they understand that of the 1.3 million professionals who
are unemployed, they are unlikely to find that one person with fifteen
years of wind propulsion experience who is willing to relocate to
them," says Romaine. "But as soon hiring a candidate leaves the
abstract and interviews are being conducted, managers start looking
at the 8.2 percent unemployment rate or the 17.9 underemployment
Source: Department of Labor
rate and hold out for a candidate who matches the detailed profile
they’ve written. By holding the line so tightly, though, they will often
overlook someone who could actually be their perfect match."
© 2012 Management Recruiters International, Inc. An Equal Opportunity Employer. Each office is independently owned and o

2. Employment Summary for June 2012
The Labor Department reportsSummary for June 2012
Employment that the U.S.
unemployment rate remained unchanged in June at 8.2
The Labor Department reports that the U.S. unemployment rate
percent while adding 80,000 jobs, mostly in the
remained unchanged in June at 8.2 percent while adding 80,000
professional servicesin the professional services sector. The first quarter
jobs, mostly
sector. The first quarter of 2012
averaged aof 2012of more than 225,000 positions per
gain averaged a gain of more than 225,000 positions per
month, while the while the second quarter averaged just 75,000.
month, second quarter averaged just 75,000.
Despite being above average for the quarter, June’s figures were
Despite being above average for the quarter, June’s
figures were somejobs the most negative of Whileyear. of professional
some of the most negative of the year.
services
of were added in the month, the 47,000 those were
nearly half
While 47,000 professional services jobs sector, added in averaged
temporary positions. The healthcare were which has
the month, nearly 30,000 of thoseper month over the last year, added just
nearly half positions were temporary
13,000 jobs during the month. June, however, saw the
positions. The healthcare sector, which has averaged
nearly 30,000 positionsCourt,monththecoverage mandateand
Affordable Care Act’s individual
U.S. Supreme
per setting over the last year,
stage for insurers
upheld by the
added just healthcare providers to beginmonth. June,substantial increase
13,000 jobs during the preparing for a
however, saw the Affordable Care Act’s individual
in their patient base within 30 months.
coverage mandate upheld by the U.S. Supreme Court,
setting the The business, management,healthcareoccupations
stage for insurers and and related providers
to begin preparing for arate fell from 4.7 to 4.4 percent year-over-year
unemployment substantial increase in their
patient base within 30operation segment, where management, business,
with the largest decline occurring in the
and financial
months. it fell from 4.6 to 3.8
percent. The bachelor’s degree and higher unemployment rate,
The business, management, and related occupations 4.1
which is seasonally adjusted, rose from 3.9 percent to
unemployment rate bothfrom 4.7 to 4.4 percent year-
percent as
portion fell.
fell the size of that population and its employed
over-year with the largest decline occurring in the
management, business, andgrowth also operation the summer
In 2011, employment
financial slowed during
segment, where it Yet, June was the first month of 2012 to report lower job
months. fell from 4.6 to 3.8 percent. The
bachelor’s degree and higher unemployment rate,employment
growth than the year before. Economists project which
gains will rebound moving into the fall, rising to a monthly
is seasonally adjusted, rose from 3.9 percent to 4.1
percent as average closer toof that be enough gained. However, even at
both the size 120,000population meaningfully move the
that level, growth will not
positions
to
and its
employed portion fell. needle.
unemployment
In 2011, employment growth also slowed clearly one of the most
While June’s employment report was during the
summer months. Yet, June was the first month oftrend of less
sobering of the year, it also points to a broader 2012
to report lower job growth evenmarket.year before. not been high,
movement in the labor
layoffs have been
the While hiring has
thanlower. General merchandise stores were The full Bureau of Labor Statistics report can be downloaded here:
Economists project employment gains will rebound employment,
the only sector to see significant decreases in their
moving into the 12,500 positions. Employers have continued to adopt a
down fall, rising to a monthly average closer
to 120,000 wait-and-see attitude as activity on even at that
positions gained. However, several fronts—especially
for non-critical roles—has slowed. Though what employers are
level, growth will not beresolution to the euro debt crisis, implementation
waiting for—a
enough to meaningfully move
the unemployment needle. Act, the U.S. presidential election, the
of the Affordable Care
fiscal cliff—remains unclear.
While June’s employment report was clearly one of the
most sobering of the year, it also points to a broader
trend of less movement in the labor market. While hiring
has not been high, layoffs have been even lower.
General merchandise stores were the only sector to see
significant decreases in their employment, down 12,500
positions. Employers have continued to adopt a wait-
and-see attitude as activity on several fronts ”especially
for non-critical roles” has slowed. Though what
employers are waiting for a resolution to the euro debt
crisis, implementation of the Affordable Care Act, the
U.S. presidential election, the fiscal cliff remains
unclear.