Ahead of Friday’s Employment Situation Report published by the U.S. Bureau of Labor Statistics (BLS), UKG will discuss important and emerging trends for April in the labor market on Tuesday, May 2 at 10:00 a.m. ET, including:
- The relative strength of shift work1 at U.S. businesses in April, which declined just 0.2%, beating historic April performance trends.
- Sectors showing strength and weakness, such as healthcare (0.6%); manufacturing (-0.4%); retail, foodservice, and hospitality (0.7%); and services and distribution (-0.5%); and by size segment, including large and small businesses.
- Why April is poised to outperform consensus predictions and deliver a modest upside surprise for new job creation.
Register to attend the UKG labor market briefing.
Commentary: Dave Gilbertson, vice president and labor economist, UKG
"The labor market continues to be resilient. April shift work displayed its strongest performance since 2019, prior to the pandemic. We’re relatively confident there will be a bump in new job creation this month compared with the past, based on the signals we are seeing in the high-frequency data.”
Importance: The UKG Workforce Activity Report is a high-frequency index analyzing shift work trends across 4.2 million people at 35,000 U.S. businesses to understand the economy. Reports are published and briefings are held each Tuesday prior to the publication of the BLS Employment Situation Report (monthly jobs summary). Upcoming schedule:
- May Workforce Activity Report: May 30, 2023
- June Workforce Activity Report: July 5, 2023
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Footnote 1: “Shifts worked” is a total derived from aggregated employee time and attendance data and reflects the number of times that employees, especially those who are paid hourly or must be physically present at a workplace to perform their jobs, “clock in” and “clock out” via a timeclock, mobile app, computer, or other device at the beginning and end of each shift.
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