Coming soon! Hourly – Empowering the Invisible Workforce for Shared Success

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Monthly Jobs Report

It’s hard enough to keep up with the day-to-day operations at your business. We wanted to make it easy to catch up with all the latest workforce trends. So, here is a monthly hiring report to find out everything you need to know at a glance.

Don’t forget — you can also book a free demo with us to learn how Sprockets can solve all your hiring challenges.

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The unemployment rate inched down to 3.5% in July from 3.6% in June

Retention Boost: 63% TO 95%

Employment and Labor Force Participation:

  1. The unemployment rate was 3.5% in June.
  2. Labor force participation rate remained at 62.6% for the fourth month in a row.
  3. Job gains occurred in health care, social assistance, financial activities, and wholesale trade.

$134,500 of Savings

New Hires and Wage Increases:

  1. 201,000 new workers were hired in June.
  2. 232,000 of those hires were in the leisure and hospitality industries.
  3. These industries also saw the biggest increase in year-over-year median pay of 7.9% .

77 fewer Hires Needed

Hourly Job Openings:

  1. Hourly job openings are up 57% from pre-pandemic numbers in February 2020.
  2. Job openings in food industries are still down 12% compared to pre-pandemic norms.
  3. Retail job postings are down 40% compared to pre-pandemic norms.

Free Webinar: Discover New Ways to Overcome Today’s Hiring Challenges

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Sprockets works alongside your current system to help you source, screen, and select the best applicants for open positions. It’s the solution to hiring hourly employees you’ll wish you discovered sooner.