US GDP contracted at a 0.7% rate during the first quarter. That was certainly no surprise here. As I reported last time, even though there was a flood of search starts early in the year, companies didn’t seem to be pulling the trigger even once they found the candidates that they wanted to hire.
During the current recovery, the US economy has established a pattern of weak first quarters. This time, economists are chalking it up to a triple threat of awful winter weather, a strong dollar, and the labor dispute at West Coast ports. Hopefully things have starting turning around. Here at Toyjobs, we have noticed that companies started actually hiring people beginning in late April. Search starts have been strong all year and we
expect that to continue, albeit with a slowdown during the summer doldrums of July. In August and September, I expect both search starts and hiring to reaccelerate as firms begin preparing for the 2016 selling season.
Lastly, Toyjobs would like to join the entire toy industry in honoring Carter Keithley. From the time he came in, Carter
took a barely functioning and (let’s just say) “controversial” organization and turned the TIA into a top flight industry association which everyone respects. Carter always lent an ear to everyone and, as many of us know, Carter was fun. Heh, I find myself chuckling about the “was” because I’ve heard Carter say on several occasions: “I’m not dying!” True,
but he’ll be around a lot less and I, for one, will miss him.
Sincerely, Tom Keoughan