May 2017 Market Report

Interview Activity Doubled

Earnings reports from the first quarter are in and the results are positive. Almost all chemical companies report increased profits and the major oil companies also report solid improvements.

Specialty chemicals and polymers businesses led the way with improved profits and job opportunities. With the transition away from the oil/gas/refining dominated job market, base salaries are lower and many engineers are willing to take pay cuts to pursue good opportunities. Maintaining financial flexibility can be a big help in exploring this changing job market.

There is an increased need for Product Storage capacity in the Gulf Coast so we expect additional expansion and hiring to take place in this area. We have seen a surge in the number of positions open mainly in the specialty and polymers business area. May started fast and there was a dramatic increase in our interview activity over the previous months. Our interview activity doubled in May compared to previous months!

Please let us know if we can help you in any way.

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