Executive Recruiters Still Seeing Job Growth in Certain Sectors

"Executive-level job growth has remained remarkably resilient in the face of several economic headwinds this year," says ExecuNet President and Chief Economist Mark Anderson. "For the first time since the last recession, the Recruiter Confidence Index has settled below 50 percent - a sign that recruiters are seeing more potential for contraction than expansion in the market. Though we still see pockets of growth in some sectors of the economy, the search industry's outlook is becoming more bearish." Short-term confidence (over the next 3 months) also edged lower, indicating that economic uncertainty should slow executive-level job growth in the months surrounding the election. "The market uncertainties of the last several weeks are clearly taking their toll as companies are taking a more cautious approach to hiring," Anderson adds. "The silver lining in the potentially dark cloud is that executive recruiters are still seeing job growth in certain sectors, including the High Tech, Energy and Biotech industries.

Good Hunting!
Coach Mark