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The year has progressed as expected for the most part. The unemployment rate has not changed much but it is lower in Texas where the market is very tight for most all skill sets.
"For the second month in a row, Texas topped the list for nonfarm payroll employment gains, according to the Bureau of Labor Statistics' May regional and state employment report.
Texas gained 22,700 jobs compared with April, followed by Illinois with 12,200 and California
with 10,800.
According to the report, Texas has gained 239,000 jobs since May of last year. The increase is the largest in the country, with California and Florida following with 228,600 and 125,900 respectively.
Compared with the same month last year, Texas saw a 0.9 percent drop in unemployment from 5 percent to 4.1 percent in May 2007. Idaho and Montana tied for first with the lowest May unemployment rates at 2.3 percent each. Again, Michigan reported the highest with 6.9 percent.
For the nation as a whole, unemployment stayed unchanged at 4.5 percent."
So far interest rates have remained steady as inflation is being tracked to give some guidance. We have seen an increase in salaries but off shoring and vacant openings appear to be keeping labor cost under control.
At Strategic Careers® and Strategic IT Services, we specialize in placing Information Technology, Sales, Marketing and Bio-IT Professionals and Executives. Our services include contract and permanent staffing solutions.
Have a great day!
Bobby Lowe
President
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