>>By the Numbers: September 13, 2019

By the Numbers: September 13, 2019

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U.S. Gains 130K Jobs in August

The Numbers:

  • The U.S. gained 130K nonfarm jobs in August
  • The job growth in August was the lowest since May
  • Unemployment held steady at 3.7%
  • Source: U.S. Department of Labor’s Bureau of Labor Statistics

Employers Seeking Third-Party Help in Tight Labor Market

The Numbers:

  • Due to the ever-widening talent supply-and-demand gap, many organizations are outsourcing the recruitment process to increase hiring
  • The recruitment process outsourcing (RPO) market grew 20% in 2018, continuing the growth trend over the past four years
  • Source: Everest Group

Most Gen Zers Plan to Stay Put Over 1 Year at First Job

The Numbers:

  • The majority of Generation Z respondents to a recent survey stated they planned to stay at their first job for more than one year
  • Source: Nintex

BountyJobs Reports: The New Dynamics of Recruiting 2019 Survey – CLOSING SOON!

  • 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.

Remote Workers Leaving the Big Cities

The Numbers:

  • An increasing number of workers are starting to leave the high costs of living in major cities
  • Cities such as Boise, Denver, Austin, and Portland are seeing in influx in migration
  • Source: The Wall Street Journal

Walmart Increases Efforts to Attract Teen Workers

The Numbers:

  • Walmart is offering free ACT and SAT prep courses
  • Starbucks has started to offer tuition assistance to part-time employees
  • Between 2000 and 2018 non-summer employment for teens in the U.S. decreased from 43% to 29.2%
  • Source: CNBC

Most Workers in U.S. Doubt Their Skills for Next Decade

The Numbers:

  • More than half of U.S. workers feel they are lacking the skills needed to compete for jobs ten years from now
  • Despite a lot of talk around tech skills, soft skills such as adaptability, as well as people management and time management will be the most useful
  • Source: Prudential

Amazon Has 30,000 Job Openings

The Numbers:

  • The company has 30,000 open roles for permanent employees
  • Many of the roles are warehousing and tech
  • Job fairs will be held on September 17th in Arlington, Boston, Chicago, Dallas, Nashville, and Seattle
  • Source: Amazon

Millions of Workers Not Getting Training Needed

The Numbers:

  • 120 million workers globally may need retraining or reskilling within the next few years
  • Only 41% of executives have the resources needed to carry out such developmental strategies and other business initiatives
  • Automation and artificial intelligence are driving the skills development need
  • Source: IBM Institute for Business Value

UPS to Hire 100K Temp Workers

The Numbers:

  • To cover the peak season, UPS plans to hire 100K temporary employees
  • The pay range will be between $14 and $30 an hour depending upon the position, up from $10.10 per hour minimum for similar jobs last year
  • Added incentives are the company’s college tuition reimbursement program and the chance of getting hired on as a permanent employee
  • Source: UPS

Job Growth To Slow Between 2018-2028

The Numbers:

  • Between 2018 and 2028 employment is projected to grow by 8.4 million to 169.4 million jobs, for an annual growth rate of .5%
  • This lags slightly behind the rate of 2008-2018 at .8%
  • Source: U.S. Bureau of Labor Statistics

U.S. Job Openings Decreased in July, Marking a Second Consecutive Month

The Numbers:

  • Between June and July job openings were relatively flat, edging down by 31,000 in July to about 7.2 million – down .4% from June and a decrease of 3% year-over-year
  • Job openings decreased by 55k in wholesale trade and 11k in federal government in July.
  • Information saw an increase in job openings by 42,000 and mining and logging saw an increase of 11,000
  • Source: U.S. Bureau of Labor Statistics

Hiring Outlook Strong for Q4

The Numbers:

  • The U.S. hiring outlook remains strong regarding hiring in Q4
  • 22% of employers plan an increase in hiring in Q4 while 5% plan for a decrease for a net employment outlook of 17%
  • Source: ManpowerGroup

Most Small Businesses Hiring Conservatively

The Numbers:

  • 41% of small businesses plan to increase hiring in the next 12 months
  • 16% stated they are hiring in order to drive business growth
  • 25% plan to fill staffing gaps
  • Source: Oasis
By |2019-09-12T16:16:31+00:00September 13th, 2019|Categories: Talent Acquisition Trends|Comments Off on By the Numbers: September 13, 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.