By the Numbers October 26, 2018

BountyJobs Bites Wages for U.S. Workers Rise 3.5% Year Over Year The Numbers: “Wages for US workers increased 3.5% over the last year, raising the average wage level by 95 cents to $27.81 an hour, according to the ADP Workforce Vitality Report, released today. The growth was driven by strong wage gains for workers in the professional and business services industry, and in trade.” Payroll Growth Solid, Jobs Growth Decelerating The Numbers:  Payroll growth is solid this month, but the US private-sector rate of job creation decelerated to its slowest since June 2017, according to the IHS Markit Flash US Purchasing Managers Index. Services industries reported that tight labor market conditions had held back recruitment plans. “The flash PMI surveys indicate that the pace of economic growth gained momentum again in October after having been subdued mainly by adverse weather in September. The headline PMI is running at a level broadly consistent with the economy growing at [...]

By |2018-10-25T21:50:25+00:00October 26th, 2018|Categories: Uncategorized|Comments Off on By the Numbers October 26, 2018

By the Numbers: October 19, 2018

BountyJobs Bites Job Openings Hit New Record High The Numbers:  August saw an 18.1% increase in job openings year over year as that number hit 7.1 million. There were about 6.2 million unemployed in August as well. The U.S. Bureau of Labor Statistics reported that the number of job openings in August not only hit a new record but outpaced the number of unemployed in the same month by 902,000. Growth in Number of Needed RNs to Jump 28% The Numbers: Per research from RegisteredNursing.org, the number of registered nurses needed in the U.S. is to soar by 28.4% (3.6 million) by the year 2030. Most states seem set to keep up with demand, however, California has the largest deficit of an estimated 44,500. Canada Adding Tech Jobs The Numbers: Employment for tech roles in Canada increased by nearly 45k jobs in 2017 – an estimated 1.2 million workers, per the Cyberprovinces 2018 report from [...]

By |2018-10-18T19:43:48+00:00October 19th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: October 19, 2018

By the Numbers: October 12, 2018

BountyJobs Bites Labor Market to Add 8 Million Jobs in Next 5 Years The Numbers: Between now and 2023, the labor market is expected to add more than 8 million jobs, per a CareerBuilder report.  However, only about 25% of those are thought to positively impact middle-wage earners ($14.18 to $23.59 per hour). High wage and low wage jobs are predicted to have the largest net job growth in the next six years (5.71% and 5.69% respectively). Middle-wage is only predicted to grow at 3.83%. Tight Talent Pool Has Recruiters Sourcing With Creative Strategies The Numbers: Almost 70% of business leaders agreed that the current talent pool is shrinking per a survey from Cielo Talent Acquisition. 54% of respondents stated they have more open positions now than ever before. CEOs Staying on the Job Longer But Are Still Primarily Male The Numbers: The average tenure of a CEO as of 2017 is 11 years, and [...]

By |2018-10-11T16:40:24+00:00October 12th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: October 12, 2018

By the Numbers: October 5, 2018

BountyJobs Bites Unemployment Rate Plummets to a Near 49 Year Low The Numbers: September saw U.S. job growth slow considerably, most likely due to the impact of Hurricane Florence within the restaurant and retail industries. However, the unemployment rate fell to 3.7% - a near 49 year low. The monthly report from the Labor Department, released today, reported a consistent increase in wages which could signal moderate inflation pressures resulting in gradual interest rate increases from the Federal Reserve. Gig Work Brings In $864 Billion in Revenue in U.S. The Numbers: Workers in the gig economy made up 31% of all U.S. workers in 2017 (about 48 million workers) per Staffing Industry Analysts. That’s an increase from 29% based on 2015 data. As well, $864 billion in U.S. revenue was due to contingent work, which is an increase in growth of 8.8% from 2015. Minneapolis Has Lowest Employment Rate Among Large U.S. Metros in August The [...]

By |2018-10-05T14:59:43+00:00October 5th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: October 5, 2018