Unemployment rate is 2.7%- What does this mean to your career?

Orlando’s unemployment rate is 2.7%. What does this really mean to you? Here are my thoughts:

1) If you have a good but not great job right now, you have the opportunity to “upgrade” to first class by exploring other career opportunities. Investigate “confidentially” other situations that may not only pay more but have better outlooks for future growth.

2) Companies will hire and train more in a low employment environment if they think you have great ability. This is a great way to get a career jump started!

3) Jobs. A lot of them. Just like a good restaurant, make sure the job you select is with a reputable company, and you will find yourself in good career situation.

4) Benefits. In low unemployment, to attract employees, some companies offer additional benefits. These benefits range from healthcare, extra vacation days to flex time.

5) More jobs can afford you the opportunity to find a similar job closer to your home. Sitting in traffic for one hour each way each day cost you in time 10 hours a week. If your commute was 10 minutes, what would you do with an extra 8 hours each week? What would you do with the money you save in gas?

6) Signing Bonuses. Yes, some companies are offering you cash of 500.00 to 5,000 to come on board. The more technical the job (like a nurse or architect) the higher the signing bonus.

It doesn’t hurt to look, even if you are somewhat happy in your current job. Be very selective and when sending your resume; please make sure you do it confidentially. Keep your “private” job search to yourself. Don’t tell co workers or they may get the job you want!