UKG:
| National Overview: | The UKG Workforce Activity Report for March 2022 shows the total number of shifts worked1 by people at U.S. businesses decreased 0.6% from February to March and is holding steady for the first time in 2022, upon the pandemic’s two-year anniversary. Preceded by a sizeable downswing created by omicron illness in January (-5.1%) and a welcome snapback in February (6.6%), March workforce activity leveled off considerably before ending on a high note: End-of-month shift volume in March improved 4.4%, providing the earliest indication of next month’s potential for jobs growth. |
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Commentary: |
Dave Gilbertson, vice president, UKG |
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“March came in like a lamb, but it’s going out like a lion. To start, there were no new accelerants to bring additional people off the sidelines, and, likewise, no significant decelerants that reduced shift volume, as neither high oil prices nor the BA.2 variant had a measurable impact on workforce activity in the U.S. Yet, despite sluggish growth throughout March, very strong acceleration in its final week creates optimism for a potentially notable April.” |
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Industry Analysis: |
All industries were mostly flat and public sector losses were caused by spring breaks in education: |
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Region Snapshot: |
All regions retained steady workforce activity with only minimal declines: |
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Business Size: |
Workforce activity largely stabilized in March, following sharp swings in January and February: |
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Timeliness: |
The UKG Workforce Activity Report is a high-frequency index analyzing shift work trends for 3.9 million people at 35,000 U.S. businesses to understand job creation and economic momentum. |
About UKG
At UKG, our purpose is people. As strong believers in the power of culture and belonging as the secret to success, we champion great workplaces and build lifelong partnerships with our customers to show what’s possible when businesses invest in their people. Born from a historic merger that created one of the world’s leading HCM cloud companies, our unique Life-work Technology approach to HR, payroll, and workforce management solutions for all people helps 50,000 organizations around the globe across every industry anticipate and adapt to their employees’ needs beyond just work. To learn more, visit ukg.com.
Footnote 1: “Shifts worked” is a total derived from aggregated employee time and attendance data and reflects the number of times that employees, especially those who are paid hourly or must be physically present at a workplace to perform their jobs, “clock in” and “clock out” via a timeclock, mobile app, computer, or other device at the beginning and end of each shift.
Footnote 2: West is defined as Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.
Footnote 3: Southeast is defined as Alabama, Arkansas, Georgia, Florida, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, and Tennessee.
Footnote 4: Northeast is defined as Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia, and West Virginia.
Footnote 5: Midwest is defined as Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Texas, and Wisconsin.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220329005804/en/
Contacts
UKG Contact:
Dan Gouthro
+1 978 947 7310
daniel.gouthro@ukg.com
For Sales Information:
UKG
+1 800 432 1729
ukg.com
