Our mission is to keep you abreast of trends in the marketplace.
In July we reported that our exclusive Recruiter Confidence Index (RCI) was at 66%. By the end of September, the RCI dropped dramatically to 50%. That indicates that executive recruiters are no longer as bullish that the executive job market will continue to improve over the next six months. (See chart below)
Historically, our RCI has been a leading indicator for the overall economy and if this confidence level dips below 50% it has generally correlated with a slowdown in the economy.
It would seem we could be getting to a critical juncture. We will continue to reach out to recruiters to get their assessment of the job market and will update our index accordingly. We will also report on where executive recruiters see growth in hiring by industry and by function. Hopefully, this will help you plan for the future.
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