Leading recruitment software provider, iCIMS, releases report on hiring trends in swing counties in anticipation of 2016 election
MATAWAN, N.J. [September 29, 2016] – iCIMS, Inc., a leading provider of Software-as-a-Service (SaaS) talent acquisition solutions, released its report, Local Economic Insights and the Presidential Election, shedding light on the role of economic data in forecasting election results. The report focused on employment trends specific to swing counties located in Florida, Ohio and Pennsylvania. These counties were identified as influential in the past few elections.
“Job creation is always a hot topic among presidential candidates. Job data, on the other hand, is not always included in these conversations,” said Josh Wright, iCIMS chief economist. “According to political forecasters, economic fundamentals such as the health of the job market can explain somewhere in the range of 40-90 percent of voting results.”
Key findings from the report, which analyzes data from iCIMS’ in-house data team, iCIMS Insights, include:
· Florida’s growth in hiring has outpaced the national average for the past several months. Growth in job vacancies has slowed partly due to more vacancies getting filled.
· Ohio’s hiring growth is slower than the rest of the country, yet two of the three swing counties have outpaced the rest of the nation at a great enough rate to offset that gap.
· Pennsylvania has seen a slower growth rate in hiring than the rest of the country. The state’s swing counties have seen very slow growth, to the point of outright declines in the pace of gross job creation.
“While every election reflects a multitude of factors, local hiring trends certainly play into how voters in these swing counties view the current economic climate and will likely influence how they vote,” said Wright. “Historically, stronger job growth favors the incumbent party. Looking back at the 2012 election, reports indicated that just a few counties in swing states could have tipped the balance in either direction. While the 2016 election may not follow this same course, this report illustrates hiring trends that may shape voter sentiment in some of these crucial areas in the country.”
The report presents trends from January 2014 through August 2016 in a sample pulled from iCIMS’ client base of more than 3,500 contracted customers. The data is generated by user interactions with iCIMS software, which processes more than 1.8 million jobs and 23.4 million resumes per year.
To view the full report please visit iCIMS Hiring Insights.
iCIMS is the leading cloud platform for recruiting. iCIMS enables companies to manage and scale their recruiting programs through an award-winning end-to-end talent acquisition platform and an ecosystem of nearly 300 integrated partners. Established in 2000, iCIMS supports more than 4,000 customers, including nearly 20% of Fortune 100 companies, hiring 4 million people each year. For more information, visit www.icims.com.