>>By the Numbers: August 30, 2019

By the Numbers: August 30, 2019

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Consumers Feel Jobs are Plentiful…But Not for Long

The Numbers:

  • The percentage of consumers stating that jobs are ‘plentiful’ increased to 51.2% in August, up from 45.6% in July
  • Those that felt that jobs were ‘hard to get’ decreased to 11.8% this month, down from 12.5% in July
  • 19.7% expected more jobs as they looked ahead, down from 19.9% in July
  • Source: The Conference Board

Salary Increase Would Lure Workers to Another Job

The Numbers:

  • 61.2% of employees said a salary boost of at least 9% would ‘entice them to leave their current jobs’
  • 30.2% stated that being underpaid would also prompt them to leave
  • Source: The Adecco Group

San Francisco Has Largest Increase in Average Weekly Wages

The Numbers:

  • San Francisco posted the highest year-over-year increase in average weekly wages among the 356 largest U.S. counties in the first quarter
  • The average weekly wage rose 10.2% in San Francisco to $2,759, second overall to New York at $3,153.
  • Source: U.S. Bureau of Labor Statistics

BountyJobs Reports: The New Dynamics of Recruiting 2019 Survey

  • Each year we carefully craft a survey for professionals in talent acquisition to express what they’re experiencing in the current talent market – challenges, solutions, forecasts. We take these valuable responses and publish a report later in the year with the results – actionable insights that help all in talent acquisition.

30 Million Americans Leverage Freelance Work as Primary Income Source

The Numbers:

  • 67% of full-time employees stated interest in ‘gig work’ over their current jobs
  • Another 15 million supplemented their traditional, full-time work with freelancing
  • 85% of those in the gig economy stated they would be ‘interested in continuing such work over the next five years versus a more traditional role’
  • Source: MetLife Inc.

Employers Reinventing Job Ads

The Numbers:

  • Employers are getting creative with job ads in this tight labor market
  • For example, a start-up in Chicago posted a job listing that was a 1,600-word letter from their CEO, which ended up attracting more high-quality applicants than a traditional post
  • Source: The Wall Street Journal

Temp Staffing Decreases in Spite of Growing Demand

The Numbers:

  • Temporary and contract employment decreased by 3.4% in Q2 of 2019 compared with a year ago
  • Staffing firms in the U.S. employed 3.1 million contract and tem workers each week in Q2 2019. This level has kept the number above 3 million for 21 consecutive quarters
  • Source: American Staffing Association

Most Job Seekers Prefer In-Person Interviews

The Numbers:

  • 62% of U.S. adults prefer in-person interview over virtual
  • 68% of college grads and 57% with a high school diploma or less also prefer in-person interviews
  • Source: Yoh Staffing Firm
By |2019-08-30T15:54:49+00:00August 30th, 2019|Categories: Uncategorized|Comments Off on By the Numbers: August 30, 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.