>>By the Numbers: November 8, 2019

By the Numbers: November 8, 2019

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Almost Half of U.S. Workers Looking for New Opp in 2020

The Numbers:

  • 48% of employed adults in the U.S. are likely to look for a new job in the next year
  • 44% are concerned they will never find their ideal job. This worry is most prominent within office-administrative, industrial, and professional-managerial industry sectors
  • 69% also worry about not landing the right job
  • Source: American Staffing Association

Millions of Jobs Expected via Salesforce and Partners by 2024

The Numbers:

  • 2 million jobs to be created via Salesforce, partners between 2019 and 2024
  • These jobs are to include robotics, artificial intelligence, digital marketing, digital-assisted security
  • The talent gap is expected to pose a significant barrier
  • The Source: Salesforce

Job Outlook Not As Upbeat as Reports

The Numbers:

  • Job growth expected to slow despite the better-than-expected recent jobs report
  • “The index suggests that job growth may slow down a little in the coming months,” said Gad Levanon, head of The Conference Board Labor Market Institute. “Leading indicators of employment are sending a slightly gloomier message than Friday’s stronger-than-expected jobs report,” Levanon said. “Still, with solid growth in consumer and government spending, and housing, the economy is likely to continue generating new jobs at a healthy rate, despite low business confidence.”
  • Source: The Conference Board Employment Trends Index

California Impacts the Gig Economy with New Law

The Numbers:

  • “If freelancers are reclassified as employees, they’ll have to trade in their freedom for structure, potentially losing their ability to set their own hours. Of course, that’s only if the company chooses to continue the relationship and convert them into an employee.”
  • Source: Forbes

    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.

Apprenticeships to Help Grow Talent Tech Pools

The Numbers:

  • Almost 60% of U.S. community college students said they ‘want to pursue in-demand tech jobs ranging from app developer to cybersecurity analyst’.
  • Students and counselors at community colleges rank apprenticeship programs are one of the top pathway to in-demand jobs
  • However, participation and awareness are low – 58% of community college students are not aware of such programs
  • Only 8% have participated in one
  • Source: Accenture

Temp Jobs Forecasted to Outpace Wider Job Growth

The Numbers:

  • Temp employment may grow to more than 3.2 million opportunities by 2025, an increase of 254,000
  • This would be an 8.5% growth, while all U.S. jobs are expected to grow 6%
  • Source: Emsi

Food Service Hiring Booms

The Numbers:

  • The “food services and drinking places” sector was in the lead of all job categories in growth during October with 48,000 jobs added
  • Employment in this sector is continuing to increase, averaging 38,000 jobs per month over the past three months
  • Source: U.S. Bureau of Labor Statistics

Transportation Sector Continues to Soar

The Numbers:

  • Companies specializing in trucking, air freight, and warehouse operations added 16,000 workers in September
  • Software engineering, sales, accounting and recruiting are some of the higher-paid specialized functions seeing the fastest growth and accounting for more than 50% of growth since 2014
  • Source: Bureau of Labor Statistics

Millions Struggle to Find Work in Spite of Low Unemployment Rate

The Numbers:

  • “People across the U.S. are struggling to find work despite the low unemployment rate. Many are not captured by the traditional unemployment metric.
  • A broader measure capturing underemployed people and those no longer looking stands at 6.9%. One issue is that people may not have the skills needed for work in their region. Also, companies are less willing to hire the long-term unemployed.
  • Source: The New York Times
By |2019-11-07T17:10:17+00:00November 8th, 2019|Categories: Talent Acquisition Trends|Comments Off on By the Numbers: November 8, 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.