--- title: Good News for the Recruiting Industry! description: Good News for the Recruiting Industry! --- 678.798.8634 - [LinkedIn](https://www.linkedin.com/company/hire-velocity) - [Facebook](https://www.facebook.com/hirevelocity) - [Twitter](https://twitter.com/HireVelocity) - - [instagram](https://www.instagram.com/hirevelocity) - [RSS](http://feeds.feedburner.com/HireVelocity) [![Hire Velocity](https://blogs.hirevelocity.com/hubfs/HireVelocity_May2019%20Theme/Images/Logo.White300PX.png)](https://www.hirevelocity.com/) - [Home](https://www.hirevelocity.com/) - [Solutions](https://www.hirevelocity.com/solutions/) - [Managed Services Provider (MSP)](https://www.hirevelocity.com/solutions/managed-services-provider-msp/) - [Recruitment Process Outsourcing (RPO)](https://www.hirevelocity.com/solutions/recruitment-process-outsourcing-rpo/) - [Enterprise](https://www.hirevelocity.com/solutions/recruitment-process-outsourcing-rpo/enterprise/) - [Project](https://www.hirevelocity.com/solutions/recruitment-process-outsourcing-rpo/project/) - 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[Talent Advisory](https://www.hirevelocity.com/solutions/talent-advisory/) - [Expertise](https://www.hirevelocity.com/expertise/) - [Business Services](https://www.hirevelocity.com/expertise/business-services/) - [College & University](https://www.hirevelocity.com/expertise/college-university/) - [Construction](https://www.hirevelocity.com/expertise/construction-recruiting/) - [Customer Service](https://www.hirevelocity.com/expertise/customer-service-recruiting/) - [Cyber Security](https://www.hirevelocity.com/expertise/cybersecurity/) - [Diversity](https://www.hirevelocity.com/expertise/diversity/) - [Engineering](https://www.hirevelocity.com/expertise/engineering-recruiting/) - [Financial Services](https://www.hirevelocity.com/expertise/financial-recruiting/) - [Healthcare](https://www.hirevelocity.com/expertise/healthcare-recruiting/) - [Logistics & Transportation](https://www.hirevelocity.com/expertise/logistics-recruitment/) - [Manufacturing](https://www.hirevelocity.com/expertise/manufacturing-recruiting/) - [Non-Profit](https://www.hirevelocity.com/expertise/nonprofit-recruiting/) - [Retail](https://www.hirevelocity.com/expertise/retail/) - [Sales](https://www.hirevelocity.com/expertise/sales-recruiting/) - [Technology](https://www.hirevelocity.com/expertise/technology/) - [Veteran](https://www.hirevelocity.com/expertise/veteran/) - [Resources](https://blogs.hirevelocity.com) - [Blog](https://blogs.hirevelocity.com) - [Customer Stories](https://blogs.hirevelocity.com/tag/customer-stories) - [FAQ's](https://www.hirevelocity.com/faq/recruitment-outsourcing-companies/) - [About](https://www.hirevelocity.com/about-us/) - [Leadership](https://www.hirevelocity.com/leadership-team/) - [Awards](https://www.hirevelocity.com/awards/) - [Culture](https://www.hirevelocity.com/culture/) - [Community](https://www.hirevelocity.com/community-service/) - [Careers](https://www.hirevelocity.com/careers/) - [Contact](https://www.hirevelocity.com/contact-us/) # [Good News for the Recruiting Industry!](https://blogs.hirevelocity.com/good-news-for-the-recruiting-industry) [Recruitment](https://blogs.hirevelocity.com/tag/recruitment) | [0 comments](https://blogs.hirevelocity.com/good-news-for-the-recruiting-industry#comments-listing) On Thursday March 18, President Obama signed into action a new bill, which will directly affect the staffing industry over the next few years. Our industry has taken one of the largest hits over the past two years, since many companies reduced their hiring initiatives, which left many staffing and recruiting companies with half the volume they were used to in prior years. However, President Obama has made it one of his top concerns to get the whole country and economy back on its feet, starting with reducing unemployment. February saw little progress in decreasing nonfarm unemployment. The current unemployment rate has remained at 9.7% and February only saw 36,000 more employed Americans in comparison to January.  The new bill will directly respond to these sluggish numbers by creating $18 billion in tax breaks for companies who hire in the next year. The bill is proposed to create 250,000 new jobs over the next year. Although that may not seem largely significant, it will bring new business for the recruiting industry, something that we can all look forward too! ### Categories - [Recruitment (362)](https://blogs.hirevelocity.com/tag/recruitment) - [News (59)](https://blogs.hirevelocity.com/tag/news) - [Search (55)](https://blogs.hirevelocity.com/tag/search) - [Healthcare (50)](https://blogs.hirevelocity.com/tag/healthcare) - [Technology (48)](https://blogs.hirevelocity.com/tag/technology) - [Talent Advisory (37)](https://blogs.hirevelocity.com/tag/talent-advisory) - [Logistics & Transportation (32)](https://blogs.hirevelocity.com/tag/logistics-transportation) - [Sales & Marketing (28)](https://blogs.hirevelocity.com/tag/sales-marketing) - [Customer Stories (18)](https://blogs.hirevelocity.com/tag/customer-stories) - [Diversity Recruiting (17)](https://blogs.hirevelocity.com/tag/diversity-recruiting) - [Manufacturing (16)](https://blogs.hirevelocity.com/tag/manufacturing) - [Construction (12)](https://blogs.hirevelocity.com/tag/construction) - [Engineering (12)](https://blogs.hirevelocity.com/tag/engineering) - [Seasonal (10)](https://blogs.hirevelocity.com/tag/seasonal) - [College (8)](https://blogs.hirevelocity.com/tag/college) - [Retail (6)](https://blogs.hirevelocity.com/tag/retail) - [Business & Financial Services (5)](https://blogs.hirevelocity.com/tag/business-financial-services) - [Call Center & Customer Service (4)](https://blogs.hirevelocity.com/tag/call-center-customer-service) - [MSP (2)](https://blogs.hirevelocity.com/tag/msp) - [Military (2)](https://blogs.hirevelocity.com/tag/military) See all ### Recent Posts Shares Share This - Facebookhttps://www.facebook.com/hirevelocity - Twitterhttps://twitter.com/HireVelocity - LinkedInhttps://www.linkedin.com/company/hire-velocity [Let's Talk](https://www.hirevelocity.com//contact-us) - [LinkedIn](https://www.linkedin.com/company/hire-velocity) - [Facebook](https://www.facebook.com/hirevelocity) - [Twitter](https://twitter.com/HireVelocity) - - [instagram](https://www.instagram.com/hirevelocity) - [RSS](http://feeds.feedburner.com/HireVelocity) Copyright 2026 by Hire Velocity, LLC | **[Privacy Policy](https://www.hirevelocity.com/privacy-policy) ** [![HV on Glassdoor](https://blogs.hirevelocity.com/hubfs/HireVelocity_May2019%20Theme/Images/Glassdoor-small.png)](https://www.glassdoor.com/Overview/Working-at-Hire-Velocity-EI_IE311940.11,24.htm) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "HV", "url" : "https://blogs.hirevelocity.com/author/hv" }, "dateModified" : "2022-03-29T21:57:56.671Z", "datePublished" : "2010-03-30T19:37:54.000Z", "headline" : "Good News for the Recruiting Industry!", "mainEntityOfPage" : { "@id" : "https://blogs.hirevelocity.com/good-news-for-the-recruiting-industry", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blogs.hirevelocity.com/hubfs/Logo.White.png" }, "name" : "Hire Velocity" } } ```