UKG: Workforce Activity Trending Up, November Strongest Month Since June

Live labor market briefing December 5 at 10:00 a.m. ET to analyze frontline workforce trends across industries, business-size segments

LOWELL, Mass. & WESTON, Fla.–(BUSINESS WIRE)–UKG:




Summary:

November was the strongest month for workforce activity since June, even when accounting for the Thanksgiving holiday, according to the November 2023 Workforce Activity Report published by UKG. Shift work increased 0.4%, with gains across most sectors, signaling more strength for the remarkably steady labor market.

 

UKG will discuss current and future potential trends shaping the frontline-worker economy on December 5, at 10:00 a.m. ET, including:

 

What workforce activity during Thanksgiving and Black Friday tells us about the overall labor market;

How November shift work in retail compares with prior years, and what it means for the holiday season;

Whether healthcare continued its great recovery for 2023; and

How many new jobs to expect from Friday’s November jobs report.

 

Register to attend the live briefing.

 

Commentary:

Noah Yosif, lead labor economist, UKG

 

“November was ‘all gravy’ for the labor market, continuing its upward trend and showing the strongest workforce activity since June. There were, however, fewer shifts in retail and hospitality during the Thanksgiving/Black Friday holiday for the fourth consecutive year, as retailers adapt to changing consumer preferences accelerated by the pandemic. Still, with steady gains month to month, the labor market remains strong overall.”

 

 

Significance:

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:

 

December 2023 Workforce Activity Report: January 3, 2024

January 2024 Workforce Activity Report: January 30, 2024

February 2024 Workforce Activity Report: March 5, 2024

About UKG

At UKG, our purpose is people. We are on a mission to inspire every organization to become a great place to work through HCM technology built for all. More than 80,000 customers across all sizes, industries, and geographies trust UKG HR, payroll, and workforce management cloud solutions to drive great workplace experiences and make better, more confident people and business decisions. With the world’s largest collection of people data, work data, and culture data combined with rich experience using artificial intelligence in the service of people, we connect culture insights with business outcomes to show what’s possible when organizations invest in their people. To learn more, visit ukg.com.

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Contacts

UKG Contact:
Dan Gouthro

+1 978 947 7310

daniel.gouthro@ukg.com

For Sales Information:
UKG

+1 800 225 1561

ukg.com