Banker & Tradesman, a weekly publication covering financial services and real estate in Massachusetts, has released the results of its eighth annual Banker & Tradesman readers’ poll in which readers cast their votes for the best providers of services and goods in the banking and real estate professions. PSG is honored to be named among the top three providers in the Temp Agency category.
More than 13,000 votes were cast in the annual survey. Results are published in the October 19 issue of Banker & Tradesman and online at www.bankerandtradesman.com. Recipients will also be honored at the B&T BEST cocktail reception, held October 21 at the Omni Parker House in Boston.
Massachusetts reported a mixed picture on jobs for September: the state unemployment rate dropped to 4.6 percent, despite losing 7,100 jobs.
According to the Massachusetts Executive Office of Labor and Workforce Development, Massachusetts’ unemployment rate dropped 0.1 percent between August and September. The current rate of 4.6 percent is down from 6 percent in September of 2014. Nationally, the unemployment rate is 5.1 percent.
Job losses were felt in the education and health services sector (estimated 4,700 jobs lost) and trade, transportation, and utilities (estimated 3,000 jobs lost). Construction lost a seasonally-adjusted 2,000 jobs and manufacturing businesses cut 1,700 jobs.
A recent article in the Boston Business Journal details great news for the local economy. Indicators such as Massachusetts’ real gross domestic product, unemployment rate, and the growth of wages and salaries are all strong and are also doing better than their corresponding national rates.
Read the full article here.
Massachusetts’ unemployment rate remained at 4.6 percent in June, its lowest point since before the recession began in 2007, according to the Massachusetts Office of Labor and Workforce Development. The state added 10,500 jobs last month, making June the tenth straight month of job gains for Massachusetts.
The biggest job growth reported was the professional, scientific, and business services sector, which added 5,200 jobs. About 30 percent of all jobs added in Massachusetts over the past year were in this sector, including jobs in the biotech industry.
Nationally, the unemployment rate is 5.5 percent.
Professional Staffing Group is among the largest temporary staffing firms in Massachusetts, according to the Boston Business Journal. Ranking #3 on the BBJ’s annual list of the area’s largest temporary staffing firms, PSG is the largest firm listed with headquarters in Massachusetts. The rankings are based on the average number of temporary workers supplied daily in Massachusetts. This is the 13th consecutive year that PSG has been named to the list.
PSG provides staffing services for clients in need of office support, technical, creative, finance, healthcare and human resources talent in Massachusetts.
Massachusetts’ unemployment rate fell slightly to 4.6 percent in May, the lowest it’s been since December 2007, according to the state’s Executive Office of Labor and Workforce Development. Massachusetts employers added 7,400 jobs in May, the ninth consecutive month of job gains.
Construction experienced the largest uptick in hiring of about 3,500 jobs. Retail gained 1,500 jobs, manufacturing added 600 jobs and financial activities added 700 jobs, while transportation and warehousing lost 500 jobs.
Over the past year, the state unemployment rate has fallen 1.2 percentage points and is nearly half of the peak unemployment rate of 8.8 percent in September 2009. Education and health services, as well as professional, scientific, and business services have grown fastest in the past year.
Nationally, the unemployment rate is 5.5 percent.
A recent report from the American Institute for Economic Research (AIER) ranked Boston as the third most popular major American city among young college graduates.
This trend appears to be a reversal of a study two years ago that found a “brain drain” occurring as recent college graduates were leaving New England at a faster rate than any region in the country.
Among the eight economic and quality-of-life factors in AIER’s Employment Destinations Index that influenced migration patterns of college grads ages 22-35, the most important were:
- A high density of people with a college degree
- A low unemployment rate
- The ability to get around without a car
Other factors in the Employment Destinations Index included bars and restaurants per 1,000 residents, as well as earning power, rents, competition for jobs, and ethnic and racial diversity.
Massachusetts’ unemployment rate recently fell to its lowest rate since 2008 and the unemployment rate for workers with college degrees is about half the national average.
Despite the MBTA’s recent troubles, Boston takes public transportation seriously. Several PSG clients have chosen to relocate to more accessible, urban locations when upgrading their office space. This is an important consideration for attracting Millennial workers who may be eschewing car ownership.
PSG clients, and other Boston-area employers, are also attracting younger workers with state-of-the-art office design that promotes collaboration. Benefits such as providing free and healthy meals are also popular recruiting and retention tools.
What is your organization doing to attract younger workers? If you’d like help recruiting and hiring talent from this demographic, give PSG a call today.
Photo by Bill Damon
The Massachusetts economy added jobs for the eighth consecutive month and Massachusetts’ unemployment rate has dropped to 4.7 percent, according to the state’s Executive Office of Labor and Workforce Development’s monthly report for April.
Massachusetts employers added more than 10,000 jobs in April, after adding 12,000 jobs in March. The biggest job gains in April were in the education and health industries, which added 4,500 jobs last month, and in professional, scientific and health industries, which grew by 3,700 jobs. Leisure and hospitality businesses added 1,900 jobs. Construction, information, and government also grew.
The last time the state’s unemployment rate was at 4.7 percent was in January 2008.
Nationally, the unemployment rate is 5.4 percent.
Employment references can be a critical element to your job search; the right reference can make the difference to a hiring manager who is on the fence. In this Dice.com article, PSG Director Kristen Coppins shares advice for managing your references to ensure a positive experience.
Kristen’s advice includes keeping your references aware of your job search process and keeping your contacts current. Read more advice on managing references from Kristen and Dice.com here.
PSG was once again proud to sponsor the annual Northeast Human Resources Association (NEHRA) Diversity & Inclusion Gala. At the Gala, which was held last week, PSG awarded scholarships for Boston students.
The PSG Scholarship was awarded to Bill Zhou, a senior at Boston Latin School, who led students in calling on the Massachusetts Code of Conduct for student discipline that is more fair and more respectful of students’ diverse backgrounds.
PSG was also part of the selection committee that chose Juliana Pena as the Blue Beacon Scholarship Winner, which is sponsored by Blue Cross Blue Shield of Massachusetts. Juliana was honored for her community service work to integrate students with special needs, low incomes, and minority backgrounds.
In this short video, Bill Zhou inspires us with his work to identify opportunities and work for change:
Hear Juliana Pena explain the motivation behind her long hours spent creating a more inclusive community: