NEW YORK–The GlobalData US Active Jobs Index recorded a “notable” 12% month-on-month (MoM) decline in September 2023, which the company said just adds to the “trends noticeable” in the U.S. Job Openings and Labor Turnover Survey (JOLTS) from July 2023.
“Despite this decline, there are dynamics at play in the job market, with certain sectors showing resilience and even growth,” GlobalData stated.
Some Sectors Hiring
GlobalData noted that within the transport and logistics sector, companies were hiring for warehouse, freight handling, drivers, and related roles. The company pointed out that firms such as FedEx Corp are looking at improving sourcing, standardization, and significant cost reduction by managing supplier strategy and performance. CJ Logistics Corp is using technology and automation to support warehouse and transportation operations. The company is looking at automation, digitalization, and robotics solutions for efficient operations, it added.
“Post the gradual recovery of the US markets from the impact of COVID-19 in 2021 and 2022, there is a significant fluctuation in hiring during 2023,” said Sherla Sriprada, business fundamentals analyst at GlobalData. “While there is a deceleration in the recent months, there are exceptions such as the transport and logistics sector with a surge in job postings.”
Other Hiring Examples
Other examples of growth cited by GlobalData include Sabre, which is looking at creating a new marketplace for personalized travel with a product vision that supports the company’s growth aspirations in the lodging space. And InnSuites Hospitality Trust is strengthening its accounting team and internal control for financial reporting, necessitating additional hiring of qualified personnel with a strong background in U.S. accounting principles.
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