Despite a gloomy jobs report last Friday which stated that unemployment for September had slightly declined to 8.1%, Northwestern Mutual announced yesterday that their recruiting is up 13%, recruiting 4,300 professionals through August.
Northwestern Mutual, Milwaukee, WI is on pace to meet its target of recruiting 5,000 financial professionals representatives in 2012.
Amidst a blizzard of negative economic news that highlights the arduous path many people have to hike to find employment, there is somewhat of a silver lining in the financial services industry. Northwestern Mutual is witnessing a high demand for financial advisors because, as the hordes of baby boomers approach retirement, there is an increasing need for financial advisors.
“We have seen an increasing need for financial professionals, and we set those recruitment targets to keep up with this need and the market. With access to a network of specialists, Northwestern Mutual financial representatives help clients indentify and address financial needs using a wide range of insurance and investment products and solutions,”said Steve Mannebach, vice president with Northwestern Mutual.
Mannenbach added that he often hears about how hard it is to start a career, but what he hears less about is parts of the job market that defy the national trend.