SOURCE: OneWire

OneWire

June 05, 2012 10:36 ET

OneWire Candidate Survey Reveals Jobseekers' Views of Financial Services Industry Job Market

Results Show a Majority of Respondents Feels Optimistic About Current Conditions

NEW YORK, NY--(Marketwire - Jun 5, 2012) - OneWire®, where finance professionals get hired, today shared results of its recent candidate survey, conducted in May 2012. The survey focused on participants' view of the current job market and who they feel is most likely to aid the job market recovery.

Nearly 500 financial services industry jobseekers from OneWire's talent community participated in the survey. When asked whether they were optimistic or pessimistic about job market conditions, a clear majority (59.9 percent) indicated that they are optimistic, while 40.1 percent suggested they have a more pessimistic outlook. These results are notably different from those in a survey conducted by OneWire eight months ago, in which 67.6 percent of candidates were pessimistic about job market conditions and only 32.4 percent were optimistic.

The survey also asked participants which entity they believe will do more to help the job market recover. A majority of respondents (56.6 percent) indicated that the private sector will be most effective, compared to about a quarter (26.4 percent) who selected the current White House administration and 17.0 percent who believe a new White House administration will do the most to help.

The results of the candidate survey come on the heels of the Bureau of Labor Statistics' jobs report for May, released last Friday, which showed a smaller-than-expected increase of 69,000 new jobs and a rise in the unemployment rate from 8.1 to 8.2 percent. Although the survey showed that candidates are mostly optimistic about the future of the industry, the latest jobs report suggests that there are still hurdles along the road to a full job market recovery.

"Our candidate survey gave us a rare glimpse into how those actively looking for jobs in the financial services industry view their prospects as the market struggles to bounce back from the recession," said Brin McCagg, co-founder, president and COO of OneWire. "Although hiring remains sluggish, as evidenced by the May jobs report, the survey tells us that a majority of candidates are optimistic about the future, believing that the private sector will play a key role in economic recovery."

About OneWire

OneWire is the premier destination for employers to connect with high quality finance talent. Employers use OneWire to source and recruit top finance candidates, and hundreds of thousands of job seekers use OneWire to get matched to relevant job opportunities and connect directly with hiring companies. OneWire's suite of cutting-edge sourcing tools and powerful matching technology help top financial firms, Fortune 500, and Global 2000 companies to attract, target, and hire the right finance talent. Candidates create detailed, confidential OneWire Profiles, which provide them with complete control and visibility throughout their job search. Our clients know that the right talent is a company's greatest asset. Hire the right finance talent, faster, on OneWire. Learn more at www.onewire.com.