MATAWAN, NJ--(Marketwired - 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 3,200 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.
About iCIMS, Inc.:
iCIMS is a leading provider of innovative Software-as-a-Service (SaaS) talent acquisition solutions that help businesses win the war for top talent. Scalable, easy to use, and backed by award-winning customer service, iCIMS enables organizations to manage their entire talent acquisition lifecycle from building talent pools, to recruiting, to onboarding, all within a single cloud-based platform that is connected to the largest partner ecosystem of HR technologies in the industry. Supporting more than 3,200 contracted customers, iCIMS is one of the largest and fastest-growing talent acquisition solution providers. To learn more about how iCIMS can help your organization, visit http://www.icims.com or view a free online demo of the iCIMS Talent Platform.