Our mid-June Jobs Report progress update indicates that job market growth remains flat compared to this time last month with just under 1.7 million Indeed® jobs posted. This extrapolates to around 2.8 million postings for the month. Key highlights are presented below.
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Customer Facing Industries are Improving
Retail and Accommodation/Food Services industries showed the most growth thus far in June. These industries are still recovering from a very slow start in filling jobs. Estimated fill days for these industries are well above the industry average. But it is improving with these industries trending toward the norm of 30 days. With March postings 85% complete, fill days are aligned with other industries as shown below.
Improved Compensation is the Key
Retail employers increased wages in June from $31,000 to $33,000. Accommodation/Food Services wages did not increase, but the number of postings with advertised rates increased to nearly 1 in 2 jobs. This indicates continued aggressiveness on the part of employers in filling jobs.
About Insight for Work
Insight for Work is a jobs and labor market application for rapidly analyzing market trends without any database knowledge. Insight for Work integrates and optimizes data from Indeed® and Glassdoor® platforms including:
- Job postings
- Skills and assessments
- Job requirements
- Employer profiles
- Compensation surveys
- Employer ratings
Insight for Work is built on the powerful Microsoft® Power BI platform to generate actionable insights for a changing market. These insights help drive your growth strategies, accelerate talent acquisition, analyze employee satisfaction of your company and your competitors and assess in-demand skills and future jobs.