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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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U.S. Data Suggest Economic Recovery May Be Weakening
Reuters | An index of job postings from hiring site Indeed www.hiringlab.org continues to climb and is now just 13% below 2019 levels, and shift work across a sample of firms and industries rose 1.3% last week, according to data from time management firm UKG here. Initial jobless claims, at 709,000 for the week ending Nov. 7, remain astoundingly high, but continue to edge lower.
Media Coverage
U.S. Job Openings Are Rising Closer to Pre-Coronavirus Levels
The Wall Street Journal | The number of workers’ weekly shifts, another measure of labor demand, increased 0.8% in October from September, according to UKG, a workforce management software company. That marked the sixth month of increase, though that pace slowed from 3.3% growth in August and September.
Media Coverage
HR Tech Can Help Solve The Next Major Workplace Challenge: Connectedness
Forbes | Many workplaces are starting to realize the consequences of a quick (but necessary) transition to remote or hybrid working environments in the wake of Covid-19. The initial challenge of getting employees up and running from home has been solved, but now an even bigger problem looms: how to keep them connected and engaged.
Media Coverage
Economy Added 638,000 Jobs in October as Growth Slows
The Washington Post | States with cooler weather in the Northeast and Midwest saw steeper declines in the number of businesses open, it said. Data from the Ultimate Kronos Group, another scheduling-software company, had similar results, showing that shift work in the retail, food service and hospitality sectors stayed nearly flat in October.
Media Coverage
Amid Election Uncertainty and Viral Surge, U.S. Economic Recovery Wobbles
Reuters | Employment at a broader set of industries, maintained by UKG here, has been sluggish, growing at less than 1% through October, virtually flat for the smallest businesses, and falling over the past week.
Media Coverage
U.S. Jobs Market Set to Extend Rebound at Softening Pace
Bloomberg | The number of people who had been unemployed for 27 weeks or longer surged by a record in September as the pandemic stretched on. The number will likely increase in October. Meanwhile, data from Ultimate Kronos Group, a software and services company that tracks time-clock punches, showed monthly shift growth in the U.S. slowed from 3.3% in both August and September to just 0.8% in October.