UKG: Steady September for Workforce Activity

Summary:

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.

Register to attend the briefing.

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