BountyJobs Bites
Baby Boomers Sticking Around in Workforce
The Numbers:
- 29% of older baby boomers (ages 65-72) were still working or looking for work in 2018, compared with 21% of the silent generation and 19% of the greatest generation within the same age range
- Source: Pew Research Center
Raises on the Downturn
The Numbers:
- 47% of recent survey respondents indicated that they had increased wages and salaries in the past three months – however raises were ‘less prevalent than at any time in the past year and a half’
- As well, 47% of respondents stated that skilled labor shortages were a challenge, marking the first time since October 2018 that this percentage slid under 50%
- Source: National Association for Business Economics
U.S. Workers’ Average Wage on the Rise
The Numbers:
- The wages of U.S. workers increased 4% year over year this month to an average wage level of $28.54 an hour
- This growth rate is an increase over the 3.8% year-over-year growth recorded in the June report
- Source: ADP Workforce Vitality Report
BountyJobs Reports: When Recruiter Priorities Compete; Fill Speed, Growing Recruiter Req Loads, and Diversity
The Numbers:
- The financial and business services sector faces the biggest skills gaps, with an estimated deficit of 10.7 million workers by 2030
- The U.S. national average across all industries and employer sizes fluctuates between 30 and 40 reqs per recruiter
- 78 percent of talent leaders view diversity as a top trend that is shaping the future of recruiting
Firefighters in Demand
The Numbers:
- The U.S. Department of the Interior has 4,500 firefighters at the ready, coming in at 500 fewer than expected
- The record-low unemployment rate is cited as partially to blame as people have more freedom to choose less demanding and dangerous work.
- Source: LA Times/U.S. Interior Department
Upskilling Leveraged More Than External Hires for HR Analytics
The Numbers:
- In just three years, the number of organizations that are building people analytics teams is up to 68% from 15%
- Due to a shortage of tech talent, 35% of respondents have upskilled their HR teams
- 21% chose to hire externally while a third plan to upskill HR over the next 12 months
- Source: Thomsons Online Benefits
Cybersecurity Hiring Gap Remains in Spite of Training Increase
The Numbers:
- Postsecondary cybersecurity training and the number of graduates in the field increased by 33% and 40% respectively between 2013 and 2017
- The ratio of employed workers to job openings have changed little in four years
- Source: Burning Glass Technologies
U.S. Jobs Market Signaling Slowdown Despite Jobs Growth
The Numbers:
- The U.S. private sector added 156,000 jobs this month
- Small businesses only added 11,000 jobs this month while midsize firms added 67,000 and large companies added 78,000
- The U.S. labor market shows signs of slowdown regardless of jobs growth
- Source: ADP National Employment Report
Overwhelming Percentage of Manufacturing and Logistics Workers Desire Apprenticeships
The Numbers:
- 90% of hourly manufacturing and logistics workers interested in apprenticeships
- 26% of those employed are actively job hunting
- An additional 30% stated they would consider a new job if the opportunity presented itself
- Source: EmployBridge
National Association of Manufacturers to Train 1 Million Workers
The Numbers:
- Over the next 5 years, the National Association of Manufacturers has pledged to train more than 1 million workers
- In May 2019 there were 509,000 open manufacturing jobs – an all-time high
- Source: National Association of Manufacturers
Lowest Jobless Rates Found in Tech Areas
The Numbers:
- In June, technology areas posted the lowest jobless rates within all large metro areas
- The areas of Austin-Round Rock, Texas as well as San Francisco and San Jose metro areas in CA were the lowest with jobless rates of 2.7%
- New Orleans posted the highest unemployment rate at 5%
- Source: U.S. Bureau of Labor Statistics
