Economy is Still Good, Recruiters Proceeding With Caution

Our exclusive Recruiter Confidence Index in June 2017 came in at 56%, ticking up ever so slightly from May at 53%.

With the index being over 50%, the majority of recruiters remain positive that the executive job market will remain positive for the next six months.

This indicator is generally a concurrent or leading indicator for the economy, so that is generally good news.

recruiter-confidence-june-2017-chart-lg-media.jpgWhen you look more deeply into our feedback from recruiters, there are some yellow lights appearing, however .

The number of recruiters who are “not confident” has almost doubled since April to 11.9% in June; double-digit levels like this generally means certain sectors have seen a slow down in hiring.

The number of recruiters who are “very confident” the market will improve has dipped from 30% in January to 18% in June.

Meanwhile, our exclusive Executive Job Creation Index has dipped from +36 to +11 from January to June indicating that companies will not be adding as many executive positions in the next six months as they had been adding in the last six months.job-creation-june-2017-chart-lg-media.jpg

What We Make of This:

  • Our reading from this is that forward-looking over the next six months, executive hiring is slowing as fewer companies are adding new positions and a smaller number of industry segments are seeing robust growth.
  • This doesn’t say the party is over but rather seems to imply the revelers are slowing down and are less frenzied.

Mark Anderson

Mark Anderson

Mark Anderson is ExecuNet's president and chief economist. An Arjay Miller Scholar, Mark received his MBA from Stanford University and a BA in economics from Yale University. He joined ExecuNet in 1993, with extensive marketing and new product and business development experience, having served as president and founder of A&M Associates, an investment management firm. Mark's corporate leadership experience includes several senior marketing and financial positions with RCA Global Communications (a GE subsidiary) and American Can Company.

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