The U.S. saw 21.74 million new job postings during the first half of 2023, down just 8% from the previous six-month period, according to a new report from staffing giant PeopleReady.
The analysis shows that while there has been a hiring decline in certain sectors, industries like retail, hospitality and manufacturing remained strong contributors to the job market. According to the report, the number of job postings found online for select industries during the first half of 2023 included:
- Business and professional services: 4.14 million job postings
- Retail: 1.81 million
- Hospitality: 1.37 million
- Manufacturing: 1.20 million
- Education and health services: 1.09 million
- Building and grounds cleaning/maintenance: 451 thousand
- Construction: 450 thousand
These job posting numbers indicate that employers continue to seek workers, and many are actively hiring, despite economic uncertainty. Additionally, employers across the country have increased wages to attract and retain workers, with the U.S. average hourly wage reaching $33.58 in June 2023, a 4.4% increase year over year.
The report also features recommendations on how today’s employers can overcome recruitment challenges. These include:
- Focusing on employer branding and marketing to attract top talent
- Offering competitive wages and benefits packages
- Investing in employee development and training
- Creating a positive and inclusive work environment
The report’s findings suggest that the job market remains strong in the first half of 2023, despite some economic headwinds. Employers who are prepared to offer competitive wages and benefits packages, and who create a positive work environment, will be well-positioned to attract and retain top talent.
