Key Takeaways:
- Capitalize on Health Care Growth
- Health care added 54,000 jobs nationally in November, with notable growth in home health care services, hospitals, and nursing facilities. Leverage this momentum by targeting recruitment efforts in these areas to tap into sustained demand and expand contributions in this sector.
- Enhance Food & Beverage & Lodging Efforts
- Food services and drinking places led job growth in leisure and hospitality, which saw an increase of 53,000 jobs. As this top-performing sector accounted for 51.03% of revenue share, focus on building pipelines for food services roles and strengthening year-round recruitment strategies to sustain growth.
- Focus on Transportation Equipment Manufacturing
- Manufacturing saw a resurgence in November, with 32,000 jobs added in transportation equipment manufacturing. Target this high-demand segment by fostering relationships with employers in durable goods and expanding recruitment in related specialties.
- Strengthen Marketing Recruitment
- The marketing sector continues to evolve with the increasing demand for digital strategies and branding expertise. Build relationships with businesses seeking skilled professionals in social media, content creation, and data-driven campaigns. Explore opportunities to connect top talent with employers to drive growth in this dynamic field.
- Expand Construction Industry Initiatives
- The construction sector added 10,000 jobs in November, reflecting steady demand for residential and nonresidential projects. Focus on recruiting skilled labor, project managers, and sustainability-focused specialists to address the growing needs of this critical industry. Leverage partnerships with construction firms to identify and fulfill workforce gaps.
To read full BLS November 2024 Employment Situation report, click here.
November 2024: High-Performing, Mid-Tier, and Emerging Opportunity
This analysis explores how Goodwin Recruiting’s performance aligns with broader labor market trends from November 2024, highlighting high-performing sectors, mid-tier opportunities, and areas primed for growth and optimization.
High-Performing Industries
Food & Beverage & Lodging (51.03%)
- Performance: Dominating our sales, this sector accounted for over half of total contributions.
- Insight: A strong area of expertise for us, with consistent results. Continuing to invest in partnerships and building pipelines in food services and lodging will help sustain momentum.
Engineering (6.57%)
- Performance: A standout contributor, reflecting steady demand for technical roles.
- Insight: Focus on specialized engineering positions tailored to regional or industry-specific needs to maximize this sector’s potential.
Mid-Tier Industries
Manufacturing (5.64%)
- Performance: Strong stability, even with broader market challenges in manufacturing.
- Insight: Our results suggest strong relationships in non-durable goods or unaffected industries. Maintain these ties while exploring emerging opportunities.
Finance (3.91%)
- Performance: A steady contributor to sales, indicating consistent hiring demand.
- Insight: Prioritize roles in financial planning and analysis, which tend to remain in demand during market fluctuations.
Sales (11.72%)
- Performance: A strong contributor, though less than in previous months.
- Insight: Refine efforts on high-value or leadership sales roles to capitalize on increasing demand.
Healthcare Services (1.23%)
- Performance: Underperformed relative to market opportunities.
- Insight: There is clear potential to grow. Focus on areas of strong demand, such as home health care and nursing facilities, to increase contributions.
Emerging Opportunity Industries
Marketing (2.39%)
- Performance: Low contribution despite opportunities in areas like digital marketing and strategy.
- Insight: Evaluate recruitment strategies in this sector. Expanding into high-demand roles like brand management and digital transformation could unlock new potential.
Legal (1.12%)
- Performance: A minimal contributor relative to other functions.
- Insight: Consider targeting specialized legal roles, such as compliance or corporate consulting, to enhance performance in this field.
Human Resources (3.69%)
- Performance: A modest contributor despite consistent demand for HR professionals.
- Insight: Focus on growing fields like HR analytics, leadership development, and organizational strategy to capture more opportunities.
End Notes:
At Goodwin Recruiting, we are dedicated to leveraging our expertise, exploring opportunities for growth, and refining our strategies to deliver impactful results across every sector we serve.
- Leverage Proven Expertise:
- Our track record speaks for itself in Food & Beverage, Lodging, and Engineering. We’ll continue to lead the way in these industries while enhancing valuable partnerships in Manufacturing and Finance.
- Fuel Growth in Emerging Fields:
- With a clear focus on Healthcare Services, we’re ready to meet the rising demand and connect organizations with top talent in this growing market.
- Unlock Hidden Potential:
- By reexamining strategies in Marketing, Legal, and Human Resources, we’re positioned to help clients tap into untapped niches and drive meaningful impact.
By staying ahead of industry trends and labor market shifts, Goodwin Recruiting ensures we remain agile, informed, and prepared to adapt our strategies to meet the evolving needs of both our clients and candidates.
