Predicted Job Economy Report, September 2022

Predict the Future of Labor

Download the Full Job Economy Report

Job Economy at a Glance

The Most Crucial Employment Behaviors and Trends Impacting Business

Predicted National Unemployment

Turn predicts the U.S. unemployment rate. The unemployment rate consists of people who are jobless, seeking work, or available to take a job.
September Prediction

Predicted National Hourly Pay

Turn predicts if the national hourly pay will go up or down for all positions across the U.S.
September Prediction

Open Jobs Per Hourly Worker

Turn calculates actuals and predicts how many days an hourly worker will work a single job.
August Actual

Unemployment Rate, Predicted & Actual

A Pulsecheck Of The Labor Market

Actual Unemployment
Predicted Unemployment

Predicted Trends

Trends that influence an increase or decrease in Unemployment Rate

Turn determined the following factors as underpinning the increase in September's unemployment rate outside of expected seasonal trends:

  • Trending Away from Job Recession: With decreasing 4-week average jobless claims, unemployment rates at near-historic lows of 3.5%, and decreasing inflation, the U.S. economy is rapidly trending away from a near-term recession.
  • Hourly Workers Underutilized: With 53% of hourly workers surveyed stating they were not working a full 40-hour work week, extra labor capacity remains high in the job economy.
  • Temporary Labor Hiring is in Decline: Hiring by Staffing Service companies that specialize in placing temporary labor, is down 46% since January 2022. This is significant as companies start to limit taking on new long-term labor costs - unlike the increase usually seen at the start of or exit from an economic downturn.

Predicted Growth

The Who, Where, and What Driving Job Growth

Growing Companies

CompanyJob GrowthNo. of LocationsMedian Hourly Wage
Ross Dress for Less290%3,818$15.00
Olive Garden229%5,145$15.30
CVS Health98%3,248$21.88
Bloomin' Brands, Inc.103%2,644$17.00
Spirit Halloween83%1,180$22.07

Growing Positions

PositionJob GrowthNo. of CompaniesNo. of LocationsMedian Hourly Wage
Food Clerk (Food Preparation and Serving Related)487%1911,503$16.00
Lawn Technician52%3901,212$17.00
Pharmacist25%1,7783,526$45.65
Mobile Software Engineer23%1,3681,024$65.00
Seasonal Sales Representative21%4363,648$15.00

Growing Locations

Wage Predictions

Wage Movements and Impacts on Hiring

Predicted National Hourly Pay

Turn predicts if the national hourly pay will go up or down for all positions across the U.S.
September Prediction
from Previous Month

Companies Lowering Wages

Turn collects millions of daily data points and from that data we are able to determine who is increasing or decreasing wages and by how much.
August Actual
from Previous Month

Salary Data Points

Turn collects millions of daily data points and from that data we are able to determine the actual wages for millions of jobs.
August Actual

Actual National Wages

Benchmarking Compensation to Optimize Worker Acquisitions and Retention

Company Count1,635,697
Location Count39,272
10th Percentile of Hourly Salary$12.00
25th Percentile of Hourly Salary$17.25
Median Hourly Salary$28
75th Percentile of Hourly Salary$48.08
90th Percentile of Hourly Salary$72.21

About Turn's Job Economy Report

Turn's AI-driven platform can analyze, predict and forecast the future of the job economy, giving businesses a critical edge in enterprise evolution. Our AI can answer critical planning questions like:

  • what will happen to the job economy in the next 60 days
  • where to expect growth and where to spot the shrinkages
  • how much can people expect to make
  • and many other predictive insights
About

Working Americans Tracked

Company Hiring Practices Analyzed

Unique Hiring Locations

Advertisers' Performance Tracked

A Technology-First Approach to Sourcing, Screening and Hiring

We bring together everything needed to source, screen and hire hourly workers, including targeting and engaging workers across major marketing channels. Turn's products power hourly hiring for positions such as warehouse workers, delivery drivers, nannies and many more.

We also help companies understand the job marketplace with Advise, which provides current AI-predicted hiring and pay changes so you can stay ahead of the curve.

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