The US labor market has seen average hourly earnings grow 3% year-over-year and the April jobs report saw the ninth straight month of wage growth. The recent increases to minimum wages. We look at the fastest growing jobs out of the inaugral Glassdoor Job Market Report.
The US labor market has seen average hourly earnings grow 3% year-over-year and the April jobs report saw the ninth straight month of wage growth. The recent increases to minimum wages. We look at the fastest growing jobs out of the inaugral Glassdoor Job Market Report.
Employment researcher Glassdoor launched it’s inaugural April 2019 Job Market Report showing both job openings and pay growth remain slow but steady. The report shows there are nearly 5.6 million open online jobs in the U.S., down just 0.4 percent from one year ago (April 2018), while pay is up 1.4 percent year-over-year, with the average U.S. full-time worker now earning a median base pay of $52,807.
In terms of job growth, this month’s 5.6 million job openings figure is down from an all-time high of 5.8 million open online jobs from October 2018 and represents the continuation of steady, but slow, job growth thus far in 2019.
Among the ten metros tracked in the Job Market Report, growth among job openings remains mixed. Atlanta saw the biggest job growth (120,531 job openings, up 7.9 percent year-over-year growth) while wages grew 2.2 percent ($54,829 median base pay). On the flip side Houston saw the biggest decline in job growth (91,853 job openings, down 5.1 percent year-over-year) while wages declined 0.6 percent year-over-year ($55,522 median base pay), continuing a deceleration seen in both job and pay growth so far in 2019.
These figures are being pushed by a tightening labor market also with unemployment at just 3.7%, a 49 year low.
“Job openings are like a crystal ball into employer expectations of the US economy,”Daniel Zhao, a senior economist at Glassdoor, said in a release. “Employers can open or close job postings instantly in response to America’s economy” he added
10 fastest-growing jobs via Glassdoor Report
- Web Developers: Pay increase of 3.5% year-over-year from $64,912 to $67,158.
- Security Officers: Pay increase of 3.6% over the same span from $34,419 to $35,646.
- Machine Operators: Pay increase of 4% year-over-year from $38,347 to $39,870.
- Office Managers: Pay increase of 4.2% year-over-year from $46,108 to $48,060.
- Cashiers: Pay increase of 4.6% from $26,590 to $27,821.
- Truck Drivers: Pay increase of 4.6% from $53,283 to $55,741.
- Bank Tellers: Pay increase of 4.6% from $30,506 to $31,915.
- Material Handlers: Pay increase of 4.9% from $35,613 to $37,350.
- Pharmacy Technicians: Pay increase of 7.4% from $29,422 to $31,609.
- Bartenders: Pay increase of 9.6% from $32,225 to $35,309.
Glassdoor said that consumer electronics (11,083 job openings, up 60.2 percent year-over-year) and insurance (82,914 job openings, up 29.9 percent) are among the industries with some of the fastest annual growth in open jobs.
Conversely, the technology industry saw the slowest growth, down 28.5 percent year-over-year to 69,129 U.S. job openings this month, likely in part a result of the onslaught of data privacy issues and other controversies that plagued the tech industry in late 2018.
About Glassdoor
Glassdoor combines all the latest jobs with millions of reviews and insights to make it easy for people to find a job that is uniquely right for them. The company is on a mission to help people everywhere find a job and company they love. In pursuit of the mission, Glassdoor helps employers hire truly informed candidates at scale through effective recruiting solutions like job advertising and employer branding products. Launched in 2008, Glassdoor now has reviews and insights for more than 900,000 companies located in more than 190 countries. For more information, visit glassdoor.com.
Source: Glassdoor
From The TradersCommunity Research Desk