>>By the Numbers: January 10, 2020

By the Numbers: January 10, 2020

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Retailers Had Highest Number of Job Cuts in 2019

The Numbers:

  • Retail had the highest number of job cuts at 77,475 in 2019 (21% lower than 2018), 48,753 of them were due to bankruptcies
  • The lowest number of monthly job cuts since July 2018 was December 2019, however, 592,556 jobs were cut in 2019, 10% more than in 2018
  • Source: Challenger, Gray & Christmas

Lowes Planning to Hire 53K Workers for Spring

The Numbers:

  • 53K workers are to be hired for full-time, part-time and seasonal jobs for Lowe’s this Spring
  • Walk-in hiring events will be leveraged for the next three months, in which some conversations may result in on-the-spot job offers
  • Source: Lowe’s Companies

Small Business Wages ‘Surging’

The Numbers:

  • Q3 and Q4 saw hourly wages at small businesses ‘surging’
  • In parallel, job increases plateaued during this timeframe as labor markets tightened
  • Source: Paychex

BountyJobs Reports – Year in Review: Talent Acquisition in 2019 and the 2020 Impact

The Numbers:

  • A whopping 43% of professionals plan to look for a new job over the next 12 months
  • The majority of employers, 61%, planned to raise wages in 2019, which was up from 48% in 2018. What’s in store for 2020?
  • Manufacturing saw consecutive increases in employment for over 18 straight months, the longest stretch since the mid-1990s. However, around 90% of manufacturing
    companies couldn’t fill all of their open roles.

Quality of Hire Critical in Tight Employment Market       

The Numbers:

  • 64% of employers say they measure quality of hire, though a third don’t track it at all
  • Only 1 in 5 measure candidate quality before they bring them on board
  • More than 50% said they start measuring quality at the 90 day mark of recruiting
  • Source: JazzHR

U.S. Private Sector Sees Largest Jobs Gain Since April

The Numbers:

  • 202,000 nonfarm, private-sector jobs were added in the U.S. private sector in December
  • This was the largest gain since April
  • This gain exceeded the forecast of 157,000
  • Source: MarketWatch
By |2020-01-09T18:36:10+00:00January 10th, 2020|Categories: Uncategorized|Comments Off on By the Numbers: January 10, 2020

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.