End-of-year jobs report shows lower unemployment rates
Overall, hourly jobs are up 82% from February 2020's pre-pandemic numbers.
While job postings are down about 20% year-over-year, so is the unemployment rate. According to Friday’s jobs report from the Bureau of Labor Statistics, the number of unemployed job seekers fell to 5.2 million, which is just about even with the February 2020 level of 5.1 million.
That’s not to say there are no job seekers out there! For hiring managers seeking full-time help, the report shows that 3.9 million people were working part-time in December who would prefer to find a full-time role.
Wage increases stabilized in December, with an increase of 0.3% month over month, making the increase 4.6% from this time last year.
For hourly hiring, during December we saw job postings down 23% for the month. Specifically:
Down: Retail (-25%), Hotel & Hospitality (-17%), and Warehouse & Logistics (-8%)
Up: Installation & Repair (+62%) and Wellness (+11%)
All industry data is from 3/2/20-12/31/2022
Here are the latest overall job numbers:
Overall hourly jobs are up 82% from February 2020's pre-pandemic numbers, we are seeing a 23% month-over-month drop and a 20% year-over-year drop.
Here are the latest job numbers by industry and category:
Food & Restaurant jobs are up 3% compared to pre-pandemic norms, seeing a 9% month-over-month drop, and a 25% year-over-year decline.
Hotel & Hospitality jobs are down 20% compared to pre-pandemic norms, seeing a 17% month-over-month drop, and a 54% year-over-year decline.
Healthcare jobs are up 213% compared to pre-pandemic norms, seeing a 15% month-over-month decline, and a 48% year-over-year growth.
Retail jobs are up 2% compared to pre-pandemic norms, seeing a 25% month-over-month drop, and a 21% year-over-year decline.
Warehouse & Logistics jobs are up 682% compared to pre-pandemic norms, staying even month-over-month, and with a 4% year-over-year decline.
Shifts by Snagajob requested shifts are up 352% compared to pre-pandemic norms, seeing a 12% month-over-month gain. Fill rates are showing a 1% month-over-month gain, and a 20% year-over-year growth.