PeopleReady's Future of Work Report: Job Postings Soared 42% in Full Year 2022 from Pre-Pandemic Levels

Rhea-AI Summary

According to a report by PeopleReady, U.S. job postings exceeded 49.1 million in 2022, marking a 12% increase from the previous year and a 42% rise above pre-pandemic levels. With 1.7 job openings for each job seeker, labor shortages remain a pressing issue as employers face inflation and supply chain challenges. Key sectors with notable job postings included: Business and professional services (4.2 million), Retail (4 million), and Education and health services (2 million). The report highlights trends in flexible scheduling and employee upskilling as strategies for recruitment and retention in a fluctuating labor market.

Positive

• Job postings increased by 12% year-over-year in 2022, signaling a robust labor market.
• Growth in job postings in key sectors: Manufacturing (21% increase), Education and health services (31% increase).
• The report emphasizes flexible staffing models as a solution for employers.

Negative

• None.

Over 49 million new job postings were posted in 2022, according to report

TACOMA, Wash., Feb. 9, 2023 /PRNewswire/ -- Inflation and supply chain challenges continue for employers in 2023, but the labor shortage may remain their most significant challenge. Nationwide, there are approximately 1.7 job openings for each job seeker, according to data from the Bureau of Labor Statistics. In 2022, U.S. employers posted more than 49.1 million job openings, a 12% increase over the prior year and 42% above pre-pandemic levels, according to a new report released by staffing giant PeopleReady.

The report, Shaping the Future of Work, explores current job and wage growth trends, with unique data that provides valuable insight about employment in several major sectors. The report also features key trends shaping the workforce, such as increased flexible scheduling and greater focus on employee upskilling, along with recommendations on how to recruit and retain employees in a fluctuating labor market.

According to the PeopleReady report, the increase in job postings in 2022 for select sectors included:

• Business and professional services: 4.2 million job postings, up 7% year over year
• Retail: 4 million, up 0.6% YoY
• Manufacturing: 3.2 million, up 21% YoY
• Hospitality: 2.7 million, up 12% YoY
• Education and health services: 2.0 million, up 31% YoY
• Construction: 1.1 million, up 8% YoY

"Hiring needs persist despite current economic uncertainty, with a surge of jobs added to the U.S. economy in January," said Taryn Owen, president and COO of TrueBlue, PeopleReady's parent company. "As employers evaluate their hiring needs for 2023, flexible staffing models that include supplemental workers can bridge the gap and help move critical projects forward while stabilizing productivity."

PeopleReady helps companies in a variety of sectors navigate challenging labor markets by putting a Workforce Within Reach across the country. The staffing giant's award-winning app, JobStack, provides employers with immediate access to a qualified and growing network of temporary workers while also offering job opportunities to those seeking temporary employment.

About PeopleReady

PeopleReady, a TrueBlue company (NYSE: TBI), specializes in quick and reliable on-demand labor and highly skilled workers. PeopleReady supports a wide range of industries, including construction, manufacturing and logistics, waste and recycling, and hospitality. Leveraging its game changing JobStack staffing app and presence in more than 600 markets throughout North America, PeopleReady served approximately 83,000 businesses and put approximately 226,000 people to work in 2022. Learn more at www.peopleready.com.

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SOURCE PeopleReady

FAQ

What was the increase in job postings for PeopleReady in 2022?

PeopleReady reported a 12% increase in job postings in 2022 compared to the previous year.

How many job openings are there per job seeker in the U.S. according to PeopleReady?

There are approximately 1.7 job openings for each job seeker in the U.S.

Which sector saw the highest increase in job postings in 2022 according to the PeopleReady report?

Education and health services saw the highest increase at 31% YoY.

What is the significance of PeopleReady's JobStack app?

JobStack provides immediate access to a qualified network of temporary workers, aiding employers in staffing.

When was the PeopleReady report on job postings released?

The PeopleReady report was released on February 9, 2023.