A Job Market Reshuffle – January 2022
The resilient American job market continues its journey towards a full recovery. As the economy gains more jobs, we step closer to pre-pandemic workforce levels. January brought good news for job gains by surpassing economists’ predictions. Amid a reshuffle, there’s a prevalent demand for workers, as proven by the 81% year-over-year increase in Rose International job openings. The Rose International Team understands organizations’ needs to find talented individuals and is committed to matching job seekers with opportunities that align with their goals and skills.
A Shifting Job Market
There’s a big difference in the state of the current job market compared to January 2021 and January 2020. Surpassing economists’ predictions of 150,000 , the Bureau of Labor Statistics (BLS) reported 467,000 jobs gained in January 2022. In January 2021 and January 2020, the job market grew by 49,000 and 225,000 jobs. The BLS revised December 2021 job growth from 199,000 to 510,000 . Also revised were the November 2021 job gains from 249,000 to 647,000. The job market grew by over six million jobs in 2021.
In January 2022, Rose International had close to 4,000 job openings, which is 46% month-over-month growth. As the need for workers continues, job seekers nationwide look for new opportunities. According to a Gartner survey, one in three employees looked for a job opening within their current employer. Many individuals want to take the next step in their career journeys, and the Rose Team is eager to guide them through that process by finding an opportunity that fits.
Categorizing Job Growth
Several job categories continued steady growth this winter. The professional and business services sector grew by 86,000 jobs, and temporary help services gained 26,000 jobs in January 2022. Year-over-year, the temporary help services sector grew by 9.18% and has 185,000 more jobs compared to February 2020. The National Association of Colleges and Employers survey found business majors are projected to earn 3.1% more than last year’s projection. The pandemic is not yet in the past. The workforce continues to adjust through remote or hybrid work. In January 2022, remote work increased from 11.1% to 15.4% . With opportunities in a variety of fields and regions across the United States, the Rose International Team helps candidates find jobs that support their career goals while also utilizing their skillsets.
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Continuing to RISE
The workforce recovery continues, as does the work to build an equitable workforce where all individuals can succeed. Dedication to advancing racial equity in the United States is needed from organizations of all sizes to create progress. Rose International’s RISE (Rose Impacting Social Equality) initiative launched on February 1, 2021, with a $2 million commitment. In the year since announcing this commitment, 100% of Rose International’s internal team completed managing bias training, 65 Rose employees enrolled in career development training and the commitment to diversity, equity and inclusion is now present on all internal Rose International job openings. RISE further initiated change by mentoring a small minority business enterprise (MBE) and sponsoring its certification with the National Minority Supplier Development Council . Rose International remained a committed, national Inner City Capital Connections sponsor and nominated three cohorts for its executive leadership training. Through RISE, Rose International sponsored a virtual career fair for 60 diverse students and awarded $20,000 in scholarships to 10 Morgan State University students. One year in and many more to go, the Rose International Team is proud of the progress made and eager to impact more lives through RISE.
With thousands of jobs gained each month, the American workforce continues making progress to meet and exceed pre-pandemic job landscape conditions. Across the country, efforts to create a more diverse, inclusive and equitable society continue and the Rose International Team is dedicated to effecting more change towards that goal. Rebuilding a workforce and building an equal world for all remain top priorities for Rose International.
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????Rose International ?is one of the country's leading minority-and woman-owned providers of Staffing and Total Talent Solutions to corporations and government agencies, employing thousands of people in all 50 states. The company is headquartered in St. Louis, MO and has offices and service delivery centers in 20+ U.S. cities and two in India.
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