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Some Industries Thrive Even as Rates Stay High
Rising interest rates usually bring a chill to the job market. The logic is simple: borrowing costs go up, businesses scale back, and hiring slows down. But not all industries follow that script. In fact, several sectors including construction, defense, tech, and material handling are actively growing their workforces.
According to ADP’s July report, private payrolls jumped by 104,000, a strong rebound from the previous month’s revised decline of 23,000. This is the fastest pace of job creation since March, signaling surprising resilience in certain sectors. Even more striking? Wage growth remained stable, with job changers seeing a 7% average bump and those staying in their roles getting a 4.4% increase.
So what’s driving this counterintuitive trend?
Some Industries Thrive Even as Rates Stay High
Rising interest rates usually bring a chill to the job market. The logic is simple: borrowing costs go up, businesses scale back, and hiring slows down. But not all industries follow that script. In fact, several sectors including construction, defense, tech, and material handling are actively growing their workforces.
According to ADP’s July report, private payrolls jumped by 104,000, a strong rebound from the previous month’s revised decline of 23,000. This is the fastest pace of job creation since March, signaling surprising resilience in certain sectors. Even more striking? Wage growth remained stable, with job changers seeing a 7% average bump and those staying in their roles getting a 4.4% increase.
So what’s driving this counterintuitive trend?
Are you currently successful in your material handling / automation career but looking for a career change? Let’s talk!
At Pioneer Search Group, we recognize the significance of understanding industry trends and compensation benchmarks in the material handling / automation sector.
Our Material Handling / Automation Salary Survey provides you with valuable and up-to-date information on salary ranges within this dynamic industry. Whether you are a professional looking to negotiate your salary or an employer seeking insights to attract and retain top talent, our survey is your ultimate resource.
If you are exploring new career opportunities, seeking to attract top talent, or making well-informed compensation decisions, our survey is your indispensable tool.
Are you currently successful in your material handling / automation career but looking for a career change? Let’s talk!
At Pioneer Search Group, we recognize the significance of understanding industry trends and compensation benchmarks in the material handling / automation sector.
Our Material Handling / Automation Salary Survey provides you with valuable and up-to-date information on salary ranges within this dynamic industry. Whether you are a professional looking to negotiate your salary or an employer seeking insights to attract and retain top talent, our survey is your ultimate resource.
If you are exploring new career opportunities, seeking to attract top talent, or making well-informed compensation decisions, our survey is your indispensable tool.
About Pioneer Search Group
We recruit the old fashioned way. That’s what makes us different. We use a personalized selection process to match individuals with employers. We are skilled recruiters who know how to find someone who isn’t necessarily looking for a new opportunity. Know what you’re looking for in an employee? We’ll find it!
Pioneer Search Group, 500 Cascade West Parkway, Suite 170, East Grand Rapids, MI 49506, United States
