Despite cooling labor market, retail,
hospitality, manufacturing among industries that each saw 1
million-plus job postings, according to new report
TACOMA,
Wash., Aug. 22, 2023 /PRNewswire/ -- Aligned
with the overall economic landscape, the first half of 2023 has
seen a more steady stream of job postings continuing to emerge. The
U.S. saw 21.74 million new job postings during the first half of
2023, down just 8% from the previous six-month period, according to
a new report from staffing giant PeopleReady, a TrueBlue
company (NYSE: TBI).
PeopleReady's U.S. Workforce Trends 2023 Mid-Year Report
explores the latest job and wage growth trends throughout the U.S.,
with unique data that provides valuable insight into employment in
several major industries. The report also features recommendations
on how today's employers can overcome recruitment challenges.
The analysis shows that while there has been a hiring decline in
certain sectors, industries like retail, hospitality and
manufacturing remained strong contributors to the job market.
According to the report, the number of job postings for select
industries during the first half of 2023 included:
- Business and professional services: 4.14 million job
postings
- Retail: 1.81 million
- Hospitality: 1.37 million
- Manufacturing: 1.20 million
- Education and health services: 1.09 million
- Building and grounds cleaning/maintenance: 451 thousand
- Construction: 450 thousand
These job posting numbers indicate that employers continue to
seek workers, and many are actively hiring, despite economic
uncertainty. Additionally, employers across the country
have increased wages to attract and retain workers,
with the U.S. average hourly wage reaching $33.58 in June
2023, a 4.4% increase year over year.
"Despite the current economic landscape, many employers still
need to expand their workforce – even if they remain cautious about
hiring," says Kristy Willis,
President of PeopleReady. "Because of this, a flexible staffing
model can be a strategic solution, allowing businesses to quickly
adjust their workforce to effectively navigate changing demand and
seize new opportunities without adding permanent employees in
uncertain times."
PeopleReady helps companies navigate a challenging labor market
by putting a Workforce Within Reach 24/7. The staffing giant's
award-winning app, JobStack, provides employers with on-demand
access to a vast and expanding network of temporary workers.
About PeopleReady
PeopleReady, a TrueBlue company (NYSE: TBI), specializes in
quick and reliable on-demand labor and highly skilled workers.
PeopleReady supports a wide range of industries, including
construction, manufacturing and logistics, retail and hospitality.
Leveraging its game changing JobStack staffing app and presence in
more than 600 markets throughout North
America, PeopleReady served approximately 83,000 businesses
and put approximately 226,000 people to work in 2022.
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SOURCE PeopleReady