Benchmark Search Employment Insights – June 2023

Benchmark Search Employment Insights – June 2023


If you’re looking for the perfect career fit for your own unique personality, talents, interests and background, it’s out there. Be patient!

In this month’s newsletter, the state of the job search right now, a story about being ghosted and the latest in recruiter jargon: rage applying. Read on for these snippets as well as a few of my favorite digital reads of the last month.

Unemployment Update

The national unemployment rate increased to 3.7% in May, up from 3.4% in April, as reported by the BLS. The unemployment rate for college-degreed workers rose to 2.1% in May, compared to 1.9% in April.

Employers expanded their payrolls by 339,000 jobs, surpassing analysts’ expectations of up to 190,000 jobs. This marks the 29th consecutive month of job growth in the United States.

The private education and health services industry led the way by adding 74,600 jobs, as it did in April. Additionally, the professional and business services industry contributed to job growth, with 64,000 positions.  Other industries that experienced notable job gains in May include government (56,000 jobs added) and leisure and hospitality (48,000 jobs added).

BLS research indicates a rise in job openings in the U.S., with 10.3 million open positions recorded at the end of April, up from 9.6 million in March. The number of workers voluntarily quitting their jobs remained relatively steady, with 3.8 million quits in April, slightly down from 3.9 million in March.

Referral Needed
Here are a few of our top opportunities. We pay referral bonuses for candidates successfully placed.

ACCOUNTING

VP, Property Accounting, Commercial R/E (Hybrid) – $175k
Controller, Rockwall, (Hybrid) – $135-$150k
Project Cost Analyst, Mfg required (Office) – $130k
Assistant Controller, Small Real Estate (Hybrid) – $125k
Accounting Manager, Family Office (Big 4, Fund, or CRE req) – $120k
Accounting Manager, Commercial R/E (Hybrid) – $110k
Accounting Manager, Gov’t, GASB Required (Office) – $105k
Portfolio Senior Accountant, Investment Firm (Public Acctg req) – $100k
Equity Accounting Analyst, Investment Mgmt (Big 4 req) – $90k
Senior Accountant, Commercial R/E (Hybrid) – $90k
Senior Fund Accountant, Family Office (Hybrid) – $85k

FINANCE
Operations Finance, Investment Firm (Hybrid) – $175k
Financial Analyst, Financial Services (Big 4, valuation, or advisory experience) – $85k

TAX
Tax Reporting Manager/Director, Investment Firm (Hybrid)
Tax Senior, Financial Services (Hybrid) – $110k

View more open roles on our website!

Does the Job Search Just Suck Right Now?
The national unemployment rate increased to 3.7% in May, up from 3.4% in April, as reported by the BLS. The unemployment rate for college-degreed workers rose to 2.1% in May, compared to 1.9% in April.

Employers expanded their payrolls by 339,000 jobs, surpassing analysts’ expectations of up to 190,000 jobs. This marks the 29th consecutive month of job growth in the United States.

The private education and health services industry led the way by adding 74,600 jobs, as it did in April. Additionally, the professional and business services industry contributed to job growth, with 64,000 positions.  Other industries that experienced notable job gains in May include government (56,000 jobs added) and leisure and hospitality (48,000 jobs added).

BLS research indicates a rise in job openings in the U.S., with 10.3 million open positions recorded at the end of April, up from 9.6 million in March. The number of workers voluntarily quitting their jobs remained relatively steady, with 3.8 million quits in April, slightly down from 3.9 million in March.
The Degrading Angst of Being Ghosted
Nine rounds of interviews before being ghosted.

recent article in the Wall Street Journal tells this story of a marketing professional who, after all these rounds, never received a call back despite calling, texting and emailing. 

So rude!
As a President, I find it horrifying when job seekers are treated this way. While I sympathize with overextended hiring managers, there’s no excuse for blowing off an eager job seeker to this extent.

One of the perks of working with a recruiter like me is that you will always get closure on your interview process, one way or the other. If you’re frustrated with trying to see the line of communication through on your job search, please reach out today.
Recommended Reading for June
Are You Rage Applying?
You’re so fed up with your job that you’re applying for new ones from your desk at work. Etiquette be damned, you’re just feeling desperate. This is not a new phenomenon, but it has a catchy new name: rage applying.
People have been lashing out at their current jobs by impulsively applying for new ones for decades. Digital job boards have certainly made this easier, but the impulse has always been there. When someone approaches me and says they are looking for a new job, I want to know they’re serious. But that’s not to say that rage appliers can’t be serious about it!

You never know what fabulous life change is going to come out of a mid-day work-related temper tantrum. But better to slyly contact a recruiter than boldly bring up Indeed on your work laptop from the office.

Join us in welcoming our PR/Marketing Intern, Shivy Agadi, to the team.  
Shivy is currently a student at The University of Texas at Dallas, pursuing her degree in marketing with a minor in economics. 
We are excited to be part of her education journey and cannot wait to see her thrive.



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