Live labor market briefing October 3 at 10:00 a.m. ET to analyze frontline and hourly employee shift work trends across industries, business-size segments
LOWELL, Mass. & WESTON, Fla.–(BUSINESS WIRE)–UKG:
It was another steady month for the labor market, with no big post-summer surprises, according to the September 2023 Workforce Activity Report published by UKG. Shift work increased slightly by 0.1%, highlighting a remarkably consistent labor market and a “no news is great news” month as the job market remains employee friendly.
UKG will discuss current and future potential trends shaping the frontline-worker economy on October 3, at 10:00 a.m. ET, including:
Why it remains an employee-driven labor market;
Slight growth across industries, including manufacturing (0.9%), healthcare (0.4%), and the services and distribution sectors (0.4%);
What a third consecutive monthly decline in retail (-1.9%) could mean for the holiday hiring and shopping season; and
How labor strikes in multiple industries impact overall workforce activity.
The UKG Workforce Activity Report is a high-frequency index analyzing shift work trends from 4.3 million people across more than 35,000 U.S. businesses to understand the economy. Reports are published and briefings are held each Tuesday prior to the publication of the BLS Employment Situation Report. Upcoming publication schedule:
October 2023 Workforce Activity Report: October 31, 2023
November 2023 Workforce Activity Report: December 5, 2023
December 2023 Workforce Activity Report: January 2, 2024
At UKG, our purpose is people. As strong believers in the power of culture and belonging as the secret to success, we champion great workplaces and build lifelong partnerships with our customers to show what’s possible when businesses invest in their people. One of the world’s leading HCM cloud companies today, UKG and our Life-work Technology approach to HR, payroll, and workforce management solutions for all people helps 80,000 organizations around the globe and across every industry anticipate and adapt to their employees’ needs beyond just work. To learn more, visit ukg.com.
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