A Recovering Job Market – March 2022
Amid the highest inflation in 40 years, the economic recovery continues with steady monthly job gains. The Bureau of Labor Statistics (BLS) reported increases in March 2022 and revisions in two previous reports. At 3.6%, the unemployment rate is now the lowest since the pandemic began. As the world of work continues evolving and the recovery steadily perseveres, Rose International’s determination to connect job seekers with the right jobs remains unwavering.
Job Market Highlights
With the chapter on the first quarter of the year closed, the BLS reported job growth once again. The BLS revised the January 2022 jobs report for the second time from 481,000 to 504,000 jobs gained and revised February 2022 job growth from 678,000 to 750,000. In March 2022, the job market grew by 431,000, notably different from the reported employment loss in March 2020. During the first quarter of 2022, the job market gained over 1.6 million jobs, and the average monthly job growth totaled 562,000. The economy recovered 93% of jobs lost since the pandemic began.
Additionally, the temporary help services industry gained 4,900 jobs in March 2022. The economic recovery continues with steady job growth playing a crucial part in that process. As organizations seek workers to keep up with consumer demand, Rose International is dedicated to connecting talented individuals with fulfilling job openings.
Rose International Growth
Rose International had a 19% increase in total job openings in March 2022 and 35% year-over-year job openings growth. There was an average of more than 3,700 monthly job openings during the first quarter of this year. Similar to the notable gains in the BLS's professional and business services sector, Rose International’s business professional openings category had the highest job openings in March 2022, in comparison to other job categories. A 32% increase in remote job openings further supports the continuing remote work trend.
Each year, Rose International helps thousands of individuals across the country find jobs. Candidate care is a key initiative for Rose International and our team understands the value of a high-touch approach. Through outreach, resume review, interview prep and more, the Rose International Team is eager to continue supporting job seekers as they write the next chapter of their careers.
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Environmental Sustainability
With Earth Day approaching, evaluating environmental sustainability efforts is vital to positively impact our aging planet. The decisions made by all organizations have global implications. The situation is urgent in that it requires action with the hope that there is still time to turn the tide. The world of work plays an essential role in the trajectory of making a positive impact. We collectively create a more sustainable future for all by taking climate action.
Rose International brings a long-standing commitment to the environment and the world of work. The Rose International Team utilizes digital tools to meet virtually and onboard electronically, thus eliminating the need for additional supplies, including printed materials. Nearly 100% of the company’s equipment purchases are EPA Energy Star compliant. To conserve energy, Rose International offices efficiently utilize eco-friendly technological equipment. When the pandemic began, many pivoted and began working remotely, including the internal Rose International Team, allowing for a reduction in physical presence, resulting in less air pollution. Additionally, the company is a proud member of the Sustainable Purchasing Leadership Council (SPLC) and Chief Revenue Officer Eric Token holds a position on the board of directors.
Every organization and individual is capable of creating positive change. Rose International remains firm in its comprehensive approach to environmental, social and governance efforts, now and in the years to come. Later this month, Rose International plans to announce more on its environmental commitment. If you haven’t already done so, follow this page to stay in the know on the latest company news and insights.
❓ How do you do your part to positively impact the climate crisis? Share your thoughts in the comments section below.
The ongoing job market recovery and reshuffle presents challenges, opportunities and highlights, similar to the climate crisis. With adequate commitment, the direction and outcome of both the recovery and climate emergency are within our control. It’s important that organizations and individuals alike do their part to create a better future for all.
💼 Rose International is one of the largest providers of Staffing and Workforce Solutions to corporations and government agencies, employing thousands of people in all 50 states. Certified minority- and woman-owned, the company is headquartered in St. Louis, MO and has offices and service delivery centers across the U.S. and India.
Rose International is hiring! Click here to view our available job openings. Know someone looking for the next step in their career? Send them this link. Jobs are updated frequently, and we encourage you to check back often.