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An Update on U.S. Workforce Activity
This report explores weekly workforce data across approximately 40,000 U.S. businesses and their 4.5 million employees.
The Workforce Institute at UKG
The Workforce Institute is a think tank that curates ideas, strategies, and best practices on how to create great workplace experiences in a way that positively impacts lives, communities, and business outcomes.
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UKG: “Pleasantly Boring” August for Labor Market
LOWELL, Mass., and WESTON, Fla. | Workforce activity remained steady overall across most sectors, creating a “pleasantly boring” month for the labor market, according to the August 2023 Workforce Activity Report published by UKG. Although shift work decreased 0.8% in August 2023, the decline mirrored August 2022 activity and historic seasonal trends, and the labor market remains relatively strong as summer comes to a close.
Press Release
Manufacturing Turning Point? Annual UKG Survey Shows Labor Improvements Visible Despite Uphill Climb
LOWELL, Mass., and WESTON, Fla. | Healthy growth in demand for manufactured goods and services, as well as year-over-year increases in production capacity, revenue, and shift work, highlight a positive outlook for the U.S. manufacturing sector in the second half of 2023, according to a new survey from the UKG Workforce Institute. Still, 76% of manufacturers are struggling to fill critical labor gaps, and 2 in 3 (66%) said it takes longer now to fill open positions.
Media Coverage
The $900,000 AI Job Is Here
The Wall Street Journal | American companies are in the midst of an AI recruiting frenzy, and some are willing to pay salaries approaching seven figures to hire top talent.
Press Release
UKG: Tight Labor Market Challenging for Smaller Businesses
LOWELL, Mass., and WESTON, Fla. | Businesses with 100 or fewer employees experienced a decline in workforce activity for the 12th time in 13 months, according to the July 2023 Workforce Activity Report published by UKG. Smaller businesses will likely continue to struggle amid the tight labor market, which may create additional wage inflation as businesses of all sizes and across all industries compete to hire and grow.
Media Coverage
Analysis: Omicron Begins to Leave Mark on U.S. Economy, but Unlikely to Derail It
Reuters | The number of Americans filing new claims for unemployment benefits held below pre-pandemic levels last week. And while workplace activity declined slightly last week after rising earlier in December, it was in line with the drop seen heading into the holidays in 2019 and stronger when compared to the same time last year, said Dave Gilbertson, vice president of the payroll management firm UKG.
Media Coverage
Beyond the Great Resignation: 3 Trends Shaping the Next Decade
HR Executive | “A lot of traditional blue-collar work has been so deeply impacted by rapid digitalization that their jobs have changed significantly. [Even] the simple factory work has now changed that—these same employees are now managing robotics and AI,” Karina Monesson, senior manager of human insights for UKG, said during a panel session at the recent UKG Connections conference in Las Vegas
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