A more than encouraging jobs report came out today – jobs growth crushed all expectations with an addition of 943,000 jobs! That’s the most new payrolls in almost a year. The unemployment rate also continues to go in the right direction, falling from 5.9% to 5.4%. Such a great report – we’ll keep an eye on performance as the Delta variant expands.
Pay increases continue as way for U.S. employers to attract talent and KEEP talent – looking forward at 2022, an average increase of 3% for executives, management, and professional employees/support staff is forecasted.
At an average of 2.8%, production and manual labor employees are also to see an increase in wages – above this year’s 2.5%.
Who had the highest projected increases? The lucky ones in ‘high-tech’ and pharmaceutical sectors. The lowest? Oil and gas as well as leisure.
Fancy a change? Over half of active job seekers (60%) have considered opportunities in career fields other than the one they currently work. What does this mean? Well, that there is a huge need for skills training. If the majority of the U.S. workforce is looking at a career change…that will require new skills and knowledge to be procured.
There’s a percentage of the U.S. workforce who want their cake and eat it too – they like going into the office…sometimes…and also value their time working from home. These ‘hybrid’ jobs are growing in popularity – here’s a list of the top 10 job titles for hybrid work:
- Account executive
- Project manager
- Senior accountant
- Customer success manager
- Administrative assistant
- Account manager
- Product manager
- Marketing manager
- Program manager
Freelancing…where it’s at? A smashing 85% of knowledge workers would consider becoming freelancers. The ability to work from anywhere, control their day/be their own boss top the reasons for their attraction to this way of work.
The contingent workforce certainly has become a powerful tool for both candidates and employers – offering flexibility for both – check out our report on the in’s and out’s here.
‘Til next week!
Erin and Team BountyJobs