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UKG: January Workforce Activity Slows - But There's More to the Story
[January 30, 2024]

UKG: January Workforce Activity Slows - But There's More to the Story


UKG:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240130452225/en/





Summary:

Workforce activity declined 2.4% in January, turning the broader labor market trend toward neutral, after several months of relatively consistent stagnation - but there's more to the story on what's driving the slowdown in shift work, according to the January 2024 Workforce Activity Report published by UKG.

 

 

UKG will discuss current and future potential trends shaping the frontline economy on January 30, at 10:00 a.m. ET, including:

  • What outside factors likely caused January's drop in shift work;
  • How U.S. employment levels are affecting workforce activity;
  • Which sectors felt the greatest impacts in January; and
  • What to expect from Friday's jobs report.

Register to attend the live briefing.

 

Significance:

The UKG Workforce Activity Report is a high-frequency index analyzing shift work trends from 4.3 million people across more than 35,000 U.S. businesses to understand the economy. Reports are published and briefings are held each Tuesday prior to the publication of the BLS Employment Situation Report. Upcoming publication schedule:

  • February 2024 Workforce Activity Report: March 5, 2024
  • March 2024 Workforce Activity Report: April 2, 2024
  • April 2024 Workforce Activity Report: April 30, 2024

About UKG

At UKG, our purpose is people. We are on a mission to inspire every organization to become a great place to work through HCM technology built for all. More than 80,000 customers across all sizes, industries, and geographies trust UKG HR, payroll, workforce management, and culture cloud solutions to drive great workplace experiences and make better, more confident people and business decisions. With the world's largest collection of people data, work data, and culture data combined with rich experience using artificial intelligence in the service of people, we connect culture insights with business outcomes to show what's possible when organizations invest in their people. To learn more, visit ukg.com.

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Copyright 2024 UKG Inc. All rights reserved. For a full list of UKG trademarks, please visit ukg.com/trademarks. All other trademarks, if any, are property of their respective owners. All specifications are subject to change.


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