U.S. Shift Work Growth Stalled, Finds Kronos Workforce Activity Report
Following 32% Growth During First 11 Weeks of Recovery, Shift Work Has Grown a Scant 1% In July
National Overview: According to the U.S. Workforce Activity Report from Kronos Incorporated for July 27-Aug. 2, shift work volume1 remained essentially flat between the weeks ending July 26 and Aug. 2, growing just 0.5% week-over-week. This slightly outpaces the 0.3% weekly average shift work growth that occurred since the week ending June 28. While shift work grew 32% during the first 11 weeks of the recovery, which begin the week ending April 12th, it has grown just 1.5% since late June.
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The @KronosInc U.S. #WorkforceActivityReport shows #ShiftWork grew just 1% during July, a clear plateau in the #jobs recovery following 32% growth during the first 11 weeks of the recovery.
Monthly Growth: As the pace of recovery stalls, here is a close-up look at the monthly rate of shift work growth over the last three months:
- May total shift growth: 8.7%
- June total shift growth: 5.9%
- July total shift growth: 1%
Region Snapshot: The Northeast has now recovered 62% of shifts lost during the pandemic – up from 55% in late June – and is the only region to post a significant gain in shift work during the month of July. On a weekly basis, shift growth held essentially flat for the week ending Aug. 2. The Southeast2 grew 0.9% and is now 13.9% below pre-pandemic shift levels. The West3 experienced a half percentage point (0.5%) increase and now sits 11.1% below pre-pandemic levels. The Northeast4 must recover another 15.1% to reach the same volume of shifts worked the week ending March 15 – the last week of “normal” workplace activity before the pandemic – after growing shift volume 0.3% last week. The Midwest5 declined 0.1% and must recover another 10.8% to achieve a full recovery.
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Job Growth: Employee terminations6, including voluntary and involuntary turnover, and job creation as measured by new employee hiring7 continue to sit at a diverged ratio of 2.7:1 for the second consecutive week. By comparison, during the week ending March 29 – two weeks after a national state of emergency was declared – it reached 3.4:1, indicating 3.4 terminations for every 1 hire. During a strong economy such as February 2020, this ratio should sit at approximately 1:1.
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