Market Intelligence Reports

December 2021 Shifting Trends Report

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4 Talent Solutions | Shifting Workforce Trends In Nov, the U.S. saw a month-on-month decline of 10% in open job postings but saw a year- on-year increase of 24% in November 2021. • 16% of the job postings were Blue Collar and 84% were Professional Unemployment • National unemployment rate: 4.6 percent, edged down by 0.2 percentage point over the month and was 2.3 points lower than in Oct 2020. • Unemployment rates were lower in October in 28 states and the District of Columbia and stable in 22 states. Labor Turnover • National turnover rate in Oct 2021: 4.0% (decrease of 0.2 from prior month) • National quit rate in Oct 2021: 2.8% (decrease of 0.2 from prior month) Vaccination requirement • Percentage of jobs advertised in the US that mention a vaccine mandate has increased to 8.4% though the figure reaches as high as 14.6% for public sector jobs. • Wide differences by region with relatively high rates of advertised jobs requiring full vaccination in Rhode Island, Washington, and the District of Columbia and low rates in Texas, Wyoming and Montana. Key US Workforce Shifts Job Postings Increased 24% Since November 2020 Decreased 10% between October and November 2021* 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Sources: Textkernel, Gartner TalentNeuron * Most seasonal and many blue-collar postings represent a substantial number of job openings so this decline in overall job postings in November must be taken with caution.

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