ExecuNetís Executive Employment Report

Highlights of this quarterís report include:

Corporate profits, which have doubled during the last four years, continue to fuel the executive search industryís optimistic outlook for the employment market. Recruitersí short-term (3 months) confidence reached a new high at the start of the second quarter as the volume of new search assignments received from corporate clients soared to levels that surpassed nearly all expectations.

The rapid rise in executive demand appears to have exceeded the capacity of the search industry. ExecuNetís Search Firm Hiring Index reached a 37-month high in June, as a record number of recruiting firms reported plans to hire additional professional staff in the third quarter.

The Healthcare, Financial Services, and High-Tech industries are expected to create the most executive-level jobs in the third quarter. A military spending boom fueled by increasing tensions worldwide appears to have companies in the Defense and Aerospace industries substantially increasing their recruiting initiatives.

Across all industries, the demand for talent is expected to be greatest for Sales and Business Development executives in the third quarter, as companies continue to look for talent that will help them leverage the current economic expansion. Geographically, the West Coast is expected to lead in executive level job growth as the outlook for technology spending in the second half of the year remains strong.

After reaching a new twelve-month high in May, executivesí confidence in the employment market slightly cooled in June as rising interest rates and energy costs appear to be tempering expectations for future economic growth.

To view the Executive Employment Report please click here