>>By the Numbers: August 2, 2019

By the Numbers: August 2, 2019

BountyJobs Bites

Baby Boomers Sticking Around in Workforce

The Numbers:

  • 29% of older baby boomers (ages 65-72) were still working or looking for work in 2018, compared with 21% of the silent generation and 19% of the greatest generation within the same age range
  • Source: Pew Research Center

Raises on the Downturn

The Numbers:

  • 47% of recent survey respondents indicated that they had increased wages and salaries in the past three months – however raises were ‘less prevalent than at any time in the past year and a half’
  • As well, 47% of respondents stated that skilled labor shortages were a challenge, marking the first time since October 2018 that this percentage slid under 50%
  • Source: National Association for Business Economics

U.S. Workers’ Average Wage on the Rise

The Numbers:

  • The wages of U.S. workers increased 4% year over year this month to an average wage level of $28.54 an hour
  • This growth rate is an increase over the 3.8% year-over-year growth recorded in the June report
  • Source: ADP Workforce Vitality Report

BountyJobs Reports: When Recruiter Priorities Compete; Fill Speed, Growing Recruiter Req Loads, and Diversity

The Numbers:

  • The financial and business services sector faces the biggest skills gaps, with an estimated deficit of 10.7 million workers by 2030
  • The U.S. national average across all industries and employer sizes fluctuates between 30 and 40 reqs per recruiter
  • 78 percent of talent leaders view diversity as a top trend that is shaping the future of recruiting

Firefighters in Demand

The Numbers:

  • The U.S. Department of the Interior has 4,500 firefighters at the ready, coming in at 500 fewer than expected
  • The record-low unemployment rate is cited as partially to blame as people have more freedom to choose less demanding and dangerous work.
  • Source: LA Times/U.S. Interior Department

Upskilling Leveraged More Than External Hires for HR Analytics

The Numbers:

  • In just three years, the number of organizations that are building people analytics teams is up to 68% from 15%
  • Due to a shortage of tech talent, 35% of respondents have upskilled their HR teams
  • 21% chose to hire externally while a third plan to upskill HR over the next 12 months
  • Source: Thomsons Online Benefits

Cybersecurity Hiring Gap Remains in Spite of Training Increase

The Numbers:

  • Postsecondary cybersecurity training and the number of graduates in the field increased by 33% and 40% respectively between 2013 and 2017
  • The ratio of employed workers to job openings have changed little in four years
  • Source: Burning Glass Technologies

U.S. Jobs Market Signaling Slowdown Despite Jobs Growth

The Numbers:

  • The U.S. private sector added 156,000 jobs this month
  • Small businesses only added 11,000 jobs this month while midsize firms added 67,000 and large companies added 78,000
  • The U.S. labor market shows signs of slowdown regardless of jobs growth
  • Source: ADP National Employment Report

Overwhelming Percentage of Manufacturing and Logistics Workers Desire Apprenticeships

The Numbers:

  • 90% of hourly manufacturing and logistics workers interested in apprenticeships
  • 26% of those employed are actively job hunting
  • An additional 30% stated they would consider a new job if the opportunity presented itself
  • Source: EmployBridge

National Association of Manufacturers to Train 1 Million Workers

The Numbers:

  • Over the next 5 years, the National Association of Manufacturers has pledged to train more than 1 million workers
  • In May 2019 there were 509,000 open manufacturing jobs – an all-time high
  • Source: National Association of Manufacturers

Lowest Jobless Rates Found in Tech Areas

The Numbers:

  • In June, technology areas posted the lowest jobless rates within all large metro areas
  • The areas of Austin-Round Rock, Texas as well as San Francisco and San Jose metro areas in CA were the lowest with jobless rates of 2.7%
  • New Orleans posted the highest unemployment rate at 5%
  • Source: U.S. Bureau of Labor Statistics
By |2019-08-01T20:22:55+00:00August 2nd, 2019|Categories: Talent Acquisition Trends|Comments Off on By the Numbers: August 2, 2019

About the Author:

Erin Geiger is a seasoned Content, Editorial, and Product Engagement professional with two decades of experience creating content as well as overall content direction and strategy. Her background stems from a variety of online verticals ranging from start-ups to Fortune 500 corporations.