Department of Labor September Report on Job Openings
The U.S. Labor Department announced yesterday that domestic job openings rose by 57,000 in September to 2.48 million. A 3-month high. While this is a positive sign that there are more job openings in the market, the report also stated that an average of 6.1 unemployed workers are competing for each job opening. This is why the jobless rate hit a 26-year high of 10.2% in October and is expected to edge higher in the coming months. It’s very competitive on the open job market where a glut of candidates are going after a smaller number of jobs.
The numbers look completely different at 2009 Cameron-Brooks Conferences. Our November candidates averaged 9.5 interviews each, and we estimate that there were over 2 jobs open for every candidate at the Conference. This means the chances of landing a job are 10 times higher at a Cameron-Brooks Conference compared to the open market (according to the statistics in the Department of Labor report), which is why 100% of C-B November candidates received company pursuits from the Conference and why our 2009 candidates have averaged 1.5 offers each over the last 12 months despite this economic recession.
The proof is in the proverbial pudding. Our decades of successful experience helping great candidates connect with great companies provides an oasis from the economic storm for Cameron-Brooks candidates. Our Development and Preparation Program allows our candidates to end up at the top of every company interviewing schedule, even with a glut of candidates on the open market. We are able to attract enough job openings for our candidates, help them prepare, and shield them from the masses in the open market.
There are many recruiting firms out in the market that have claimed to provide world-class recruiting services, but have been cancelling Conferences all year-long. Cameron-Brooks has not only executed on every one of our Conferences, but we have continued to recruit talented JMOs across all military bases.
As Warren Buffet likes to say, “it’s only when the tide goes out that you learn who’s been swimming naked,” and in this latest economic downturn, it’s not a pretty site out there in the sea of “recruiting” firms. For Cameron-Brooks, we believe the hotter the fire, the stronger the steel.