The Job Market is Frothy

One of the audiences we are always keeping an eye on is American workers. Not just how happy they are with their career, and their overall views of their current job, but also if they are on the hunt for a new job or happy where they are. Over the last three years, the numbers have been in constant flux, depending on how old an employee is and what industry they work in. Not surprisingly, service industry workers typically have the highest concentration of those looking for work, and outside of a two-month span earlier this year, those in the manufacturing and warehouse industries are either second or first.  

Looking at age breakdowns, Gen Z workers are usually the most likely to say they are looking, although in Q1 this year, Millennials and Gen X were more likely to be looking.

Here are the key takeaways from this week’s charts:

• 🔍A majority of service industry and manufacturing workers are looking: Currently, 53% of service industry workers report that they are looking for a new place to call home, as are 52% of manufacturing workers. Roughly half of both groups say they are leaving as soon as a new job is offered.  
• 😡Gen X is heading back to displeasure: The “angry generation” is trending back towards its roots. Typically, Gen X workers are the least likely of the three to say they are looking. This makes sense as a generation of workers is typically more senior in their jobs and starting to hit the final stages of their working careers. However, in late Q1 of this year, the number of Gen X workers spiked and then dropped. Over the past two months, the numbers are back on the rise. 
• 🏃Over the past three months, every cohort has more people looking: Not that it never happens, but typically, not all groups tend to move in the same direction. Workers of all generations and industries have moved towards looking, and this is the first time this has happened since we started tracking in April of 2022.