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Unpacking the Latest U.S. Jobs Report | December 2022

Unpacking the U.S. December Jobs Report

For the ninth straight month, the labor market continues to show resilience, once again surpassing economists’ expectations. According to the Bureau of Labor Statistics, total nonfarm payroll increased by 223,000 in the month of December 2022. The unemployment rate showed a decrease to 3.5%. 

What Does This Mean For Job Seekers?

The labor market is still showing signs of cooling, but December’s employment report gives job seekers reason to be optimistic. 

If you or someone you know has been impacted by a layoff, we’ve put together a free, comprehensive guide to help you navigate this transition. 

At Teal, we want job seekers to have access to as many opportunities as possible—not just the jobs companies can afford to pay to post on a job board.

That's why we've created a job list of our own—a round-up of interesting roles that are vetted, curated, and structured in a candidate-centric way so you can spend less time searching and more time applying. Browse Teal’s Job List to find your next exciting opportunity. 

Know of a great role that’s open? Submit a job here to add to our job list for free. 

What Industries Are Hiring Right Now

Here are the industries that led hiring gains in December: 

Leisure & Hospitality: 

This industry added an average of 79,000 jobs per month in 2022, substantially less than the average gain of 196,000 jobs per month in 2021. Employment rose by 67,000 in December 2022. 

Some companies hiring in the leisure & hospitality industry: 

  • Aramark: This company has a passion for hospitality, and it’s at the foundation of everything they do. They never waver from their people-first approach. 
  • Canobie Lake Park: Canobie Lake Park is a leader in the hospitality and tourism industry. They have jobs available in rides, games, food service, retail, entertainment, security, EMS, maintenance, custodial, and more. 
  • Norwegian Cruise Lines: Norwegian is a leading global cruise company. Their mission is to provide exceptional vacation experiences delivered by passionate team members committed to world-class hospitality and innovation. 

Healthcare: 

Job growth in healthcare averaged 49,000 per month in 2022, considerably above the 2021 average monthly gain of 9,000. This industry added 55,000 jobs in December 2022. 

Some companies hiring in the healthcare industry:

  • Memorial Hermann Health System: This company is the largest not-for-profit health system in southeast Texas. It consists of 17 hospitals, 8 cancer centers, 3 heart and vascular institutes, and 27 sports medicine and rehabilitation centers.
  • Rogue Valley Manor: Rogue Valley Manor is a not-for-profit organization with a mission committed to enriching the lives of its residents in a Life Plan Community environment. This company’s core values are excellence, innovation, integrity, stewardship, compassion, and collaboration. 
  • Wellstar Health System: At Wellstar, patients are at the center of everything these employees do. The mission is to enhance the health and wellbeing of every person they serve.  

Construction:

Construction employment increased by an average of 19,000 per month in 2022, little different than the average of 16,000 per month in 2021. Employment increased by 28,000 in December 2022. 

Some companies hiring in the construction industry: 

  • Accurate Mechanical: Accurate Heating, Cooling, and Plumbing is located in Central Ohio and has been providing outstanding services to local homeowners and businesses since 1977. 
  • MKA International, Inc.: MKA International is a multidisciplinary construction consulting firm. The underlying philosophy of the firm is “Growth from Within” and is a 100% employee owned company. 
  • PC Construction Company: PC is a 100% employee owned construction firm providing integrated construction services through a full range of delivery methods. Join a team that excels at projects of all sizes. 

Notable Layoffs

The end of the year brought more layoffs in the tech sector throughout the month of December. 

If you or someone you know has been impacted by recent layoffs, we’ve put together a guide to help you navigate these uncharted waters. For the latest in tech layoffs, visit layoffs.fyi.

  • BloomTech: On December 1, 2022, conducted a massive layoff. This impacted 50% of the company’s staff, around 88 employees, across content, product, data, and engineering teams. 
  • BuzzFeed: On December 6, 2022, BuzzFeed cut 12% of its workforce, impacting around 180 staffers. This reduction was due to the challenging macroeconomic conditions. 
  • Houzz: On December 7, 2022, the US home design website company announced layoffs for nearly 100 employees in the US and Israel. This impacted 8% of the workforce. 
  • Plaid: On December 7, 2022, the CEO of Plaid announced a reduction of 20% of its workforce, impacting 260 employees. The cause of this fintech company reduction was due to the hiring and investing ahead of revenue growth. 
  • Airtable: On December 8, 2022, Airtable conducted a round of layoffs that impacted around 254 employees, 20% of the staff, across business development, engineering, and other teams. Airtable will continue to hire for “strategically important” roles. 
  • Thumbtack: On December 13, 2022, Thumbtack announced it would cut 14% of its employees to reduce operating costs as a result of the economic downturn. This impacted as many as 140 employees. 
  • TuSimple: On December 21, 2022, the self-driving truck company TuSimple confirmed plans to layoff 25% of its total workforce as part of a broader restructuring plan. This affected around 350 workers. 

Individual Industry Changes

In addition to leisure & hospitality, healthcare, and construction, here are the other industries that saw notable growth in employment in December.

  • Leisure & Hospitality: rose by 67,000 (hiring for food services and drinking places, amusements, gambling, and recreation, and accommodation)
  • Healthcare: increased by 55,000 (hiring for ambulatory healthcare services, hospitals, and nursing and residential care facilities)
  • Construction: increased by 28,000 (hiring for specialty trade contractors)
  • Social Assistance: added 20,000 jobs (hiring for individual and family services)
  • Other Services Industry: increased by 14,000 (hiring for personal and laundry services)
  • Mining: increased by 4,000 (hiring for support activities for mining)

The following industries showed little change in employment in December:

  • Retail Trade: added 9,000 jobs
  • Manufacturing: added 8,000 jobs
  • Transportation and Warehousing: increased by 5,000
  • Government Employment: rose by 3,000

The Tech Industry by the Numbers

  • Professional & technical services: 10,612,800 (increase of 16,600 from November)
  • Management & technical consulting services: 1,796,900 (increase of 8,300 from November)
  • Other professional and technical services: 844,500 (increase of 2,000 from November)

Looking for a new role but not sure where to start? Try Teal’s free job searching platform. Organize your applications by saving listings from various job boards to one central Job Tracker, tailor your resume to each position you’re applying for using the Resume Builder, and optimize your LinkedIn profile with our LinkedIn Review tool so you stand out to recruiters and hiring managers. Here’s to landing a job you love in 2023.

Unpacking the November U.S. Jobs Report

Growth in payrolls for the month of November topped expectations again. According to the Bureau of Labor Statistics, employment increased by 263,000 in November 2022. The unemployment rate was unchanged at 3.7%. Monthly job growth has averaged 392,000 this far in 2022, compared with 562,000 per month in 2021. 

There is still a battle against inflation, which means higher interest rates from the Federal Reserve are likely to come. 

What Does This Mean For Job Seekers?

While hiring in November fell by 4.9% across all industries, there are still plenty of opportunities and open positions available if you are actively job searching. Notable job gains occurred in leisure & hospitality, healthcare, and government. 

Demand for workers appears to remain remarkably strong. If you or someone you know has been impacted by a layoff, we’ve put together a free, comprehensive guide to help you navigate this transition. 

At Teal, we want job seekers to have access to as many opportunities as possible—not just the jobs companies can afford to pay to post on a job board.

That's why we've created a job list of our own—a round-up of interesting roles that are vetted, curated, and structured in a candidate-centric way so you can spend less time searching and more time applying. Browse Teal’s Job List to find your next exciting opportunity. 

Know of a great role that’s open? Submit a job here to add to our job list for free. 

What Industries Are Hiring Right Now

Here are the industries that led hiring gains in November:

Leisure & Hospitality:

So far in 2022, employment in leisure & hospitality has increased by an average of 82,000 per month, compared to the 196,000 per month in 2021. Employment increased in November 2022 by 88,000. 

Some companies hiring in the leisure & hospitality industry: 

Healthcare:

Monthly job growth in healthcare has averaged 47,000 thus far in 2022, compared with 9,000 per month in 2021. Employment increased in November 2022 by 45,000. 

Some companies hiring in the healthcare industry:

Government: 

Government employment has increased by an average of 25,000 per month thus far this year, compared with 38,000 per month in 2021. Employment increased in November 2022 by 42,000. 

Some companies hiring in the government industry: 

Notable Layoffs

If it feels like the only job news you heard about this month was mass layoffs, you’re not alone. Layoffs in the tech sector continued through the month of November. 

If you or someone you know has been impacted by recent layoffs, we’ve put together a guide to help you navigate these uncharted waters. For the latest in tech layoffs, visit layoffs.fyi.

  • DoorDash: On November 30, 2022, DoorDash announced the cut of around 6% of its workforce, impacting 1,250 jobs. This decision was made in order to control ballooning costs. 
  • Kraken: On November 30, 2022, Kraken announced the decision to reduce its global workforce. This impacts approximately 1,100 people and about 30% of the workforce. This decision was made in order to adapt to current market conditions. 
  • Infarm: On November 28, 2022, Infarm employees received an email detailing layoffs. A production site reduction of 50% of the workforce, impacting around 500 employees, is the result of a significant strategy shift. The focus will shift towards Growing Centres where there is a clear path to profitability. 
  • Carvana: On November 18, 2022, Carvana CEO Ernie Garcia announced a layoff impacting around 1,500 people, or 8% of its workforce, citing the reason as economic headwinds and delayed car purchasing. The layoffs mainly impact employees in Carvana’s corporate and tech departments, as well as some operational positions. 
  • Roku: On November 17, 2022, the company announced the cut of 7% of its overall workforce, eliminating 200 jobs, citing current economic conditions as the cause for this reduction. 
  • Amazon: On November 16, 2022, Amazon cut approximately 10,000 employees in corporate and technology roles. The cuts would primarily impact Amazon’s devices organization, retail division, and human resources. 
  • Meta: On November 9, 2022, CEO Mark Zuckerberg announced layoffs in a letter to employees. This reduction was for 13% of the overall staff, impacting more than 11,000 employees. Zuckerberg noted that the company was taking steps to become a leaner and more efficient company cutting discretionary spending and extending the hiring freeze. 
  • Salesforce: On November 8, 2022, Salesforce confirmed that nearly 1,000 employees were cut after seeing demand lighten. 
  • Twitter: On November 4, 2022, Twitter laid off 50% of its employees, impacting around 3,700 people. Among those gutted were teams responsible for communications, content curation, human rights and machine learning ethics, as well as some product and engineering teams. 
  • Stripe: On November 3, 2022, Stripe cut headcount by 14%, impacting around 1,000 jobs, as it seeks to rein in costs ahead of an economic downturn.  
  • Lyft: On November 3, 2022, Lyft announced a second round of layoffs, impacting about 700 employees, or 13% of its staff. The technology company is hoping to reduce costs ahead of choppy economic decisions. 
  • Opendoor: On November 2, 2022, CEO Eric Wu announced job cuts, impacting about 550 employees, or 18% of its workforce. 

Individual Industry Changes

In addition to leisure & hospitality, healthcare, and government, here are the other industries that saw notable growth in employment in November.

  • Leisure & Hospitality: added 88,000 jobs (hiring for food services and drinking places)
  • Healthcare: rose by 45,000 (hiring for ambulatory healthcare services, hospitals, and nursing and residential care facilities)
  • Government: added 42,000 jobs (hiring for local government positions)
  • Other Services Industry: rose by 24,000 (hiring for personal and laundry services)
  • Social Assistance: increased by 23,000 (hiring for individual and family services)
  • Construction: rose by 20,000 (hiring for nonresidential building jobs)
  • Information: rose by 19,000 (hiring for motion picture and sound recording industries, data processing, hosting and related services, and publishing industries, except internet)
  • Manufacturing: added 14,000 jobs (hiring for durable goods)
  • Financial Activities: rose by 14,000 (hiring for real estate and rental and leasing, securities, commodity, contracts, and investments)

The Tech Industry by the Numbers

  • Professional & technical services: 10,602,700 (increase of 27,900 from October)
  • Management & technical consulting services: 1,792,400 (increase of 10,200 from October)
  • Other professional and technical services: 841,900 (increase of 4,100 from October)

Looking for a new role but not sure where to start? Try Teal’s free job searching platform. Organize your applications by saving listings from various job boards to one central Job Tracker, tailor your resume to each position you’re applying for using the Resume Builder, and optimize your LinkedIn profile with our LinkedIn Review tool so you stand out to recruiters and hiring managers. Here’s to landing a job you love in 2022.

Unpacking the October 2022 U.S. Jobs Report

Payroll for the month of October surpassed economists’ expectations of 193,000. According to the Bureau of Labor Statistics, employment increased by 261,000 in October 2022. The unemployment rate rose above pre-pandemic levels again to 3.7%. Monthly job growth has averaged 407,000 this far in 2022, compared with 562,000 per month in 2021. 

These changes are reinforcing the view that the Federal Reserve will continue lifting interest rates to cool the economy and slow inflation. 

What Industries Are Hiring Right Now

Here are the industries that led hiring gains in October:

Healthcare:

So far in 2022, employment in healthcare has increased by an average of 47,000 per month, compared to the 9,000 per month in 2021. Employment increased in October 2022 by 53,000. 

Some companies hiring in the healthcare industry: 

  • HCA Healthcare: HCA Healthcare is a collaborative healthcare network, driven by physicians, nurses and colleagues helping each other champion the practice of medicine to give people a healthier tomorrow. They are committed to delivering patient-centered healthcare across 2,000 care facilities in 24 offices across the United States. 
  • US Department of Veteran Affairs: Serving more than 9,000 veterans and operating more than 1,200 care sites, VA offers Veterans the largest, most technologically advanced, integrated healthcare system. The company’s mission is to provide Veterans with the world-class benefits and services they have earned. 
  • Northwell Health: Northwell Health is a national healthcare leader, committed to excellence, compassion, and improving the health of the community. They are making breakthroughs in medicine across their 23 hospitals and 830+ outpatient facilities. 

Professional & Technical Service:

Monthly job growth in professional & technical services has averaged 41,000 thus far in 2022, compared with 53,000 per month in 2021. Employment increased in October 2022 by 43,000. 

Some companies hiring in the professional & technical services industry:

  • Bellwood Labs: Bellwood Labs is an end-to-end custom software development and design company that companies turn to when they want to take a software product from conception to creation. They are specifically hiring for Full Stack Developers to work remotely. 
  • Calm: Calm has a simple but big mission: to make the world a happier and healthier place. They are a small but mighty team passionate about mental fitness, relaxation, and sleep. Calm is a highly successful app for sleep, meditation, and relaxation. 
  • PHASTAR: PHASTAR is a specialist biometrics contract research organization offering statistical consulting, clinical trial reporting, data management, and data science services. The company’s number one priority is ensuring on time, quality work. They are headquartered in London and North Carolina, with 14 offices across 5 continents, and they offer remote working opportunities. 

Manufacturing: 

Manufacturing employment has increased by an average of 37,000 per month thus far this year, compared with 30,000 per month in 2021. Employment increased in October 2022 by 32,000. 

Some companies hiring in the manufacturing industry: 

  • General Motors: General Motors is an automotive manufacturing company with a goal to deliver world-class customer experiences, and to do so on a foundation of trust and transparency. They aspire to be the world's most inclusive company. See open jobs in manufacturing
  • GE Appliances: GE Appliances is an American home appliance manufacturer. In addition to making the most innovative appliances, they are committed to serving owners, customers, and communities. The company culture is one of creativity and passion where all voices are valued. See open jobs in manufacturing.
  • NVIDIA: NVIDIA is in the computer hardware development industry and pioneered accelerated computing to tackle challenges no one else can solve. Their work in AI and the metaverse is profoundly impacting society and transforming the world’s largest industries. See open jobs in manufacturing

Notable Layoffs

Layoffs in the tech sector continued through the month of October. If you or someone you know has been impacted by recent layoffs, we’ve put together a guide to help you navigate these uncharted waters. For the latest in tech layoffs, visit layoffs.fyi.

  • Zillow: On October 26, 2022, Zillow announced layoffs of about 300 people. The company is shifting its focus to more technology-related positions.
  • Cybereason: On October 26, 2022, the Israeli cybersecurity company announced layoffs. Following a layoff of 100 employees in June, 200 employees, or 17% of the workforce, were impacted in October. Most of the employees leaving the company are based abroad. 
  • GoFundMe: On October 26, 2022, GoFundMe CEO Tim Cadogan informed the company of layoffs. This impacted approximately 12% of the workforce, reducing the company numbers by 94 employees. This restructuring occurred due to substantial business changes in the last year due to reduced budgets and increased inflation. 
  • Fundbox: On October 25, 2022, Fundbox CEO Prashant Fuloria announced that the company has laid off about 40% of its workforce, impacting 150 of its 360 employees. Fuloria attributes this reduction to growing the team too quickly, but claims it was a necessary step to strengthen business fundamentals. 
  • Cerebral: On October 24, 2022, telehealth unicorn Cerebral laid off 20% of its workforce. The company cited the reason for layoffs as an ongoing push for operational efficiencies while prioritizing clinical and safety across the organization, which impacted around 400 employees. Those that lost their job are primarily clinical staff and care counselors. 
  • Clear Capital: On October 14, 2022, Clear Capital laid off 27% of its staff, impacting approximately 378 employees. This came just months after freezing mass hiring, and the reduction primarily impacted the organization’s operational team. 
  • FrontRow: On October 12, 2022, the edtech startup FrontRow announced layoffs of 75% of its workforce, impacting around 130 people and reducing the total number of company employees to 40 people. This follows a 30% workforce reduction in May. 

Individual Industry Changes

In addition to healthcare, professional & technical services, and manufacturing, here are the other industries that saw notable growth in employment in October.

  • Healthcare: rose by 53,000 (hiring for ambulatory healthcare services, nursing and residential care facilities, and hospitals)
  • Professional & Technical Services: added 43,000 jobs (hiring for management and technical consulting services, architectural and engineering services, and scientific research and development services)
  • Manufacturing: added 32,000 jobs (hiring in durable goods industries)
  • Social Assistance: increased by 19,000 (hiring for individual and family services)
  • Wholesale Trade: added 15,000 jobs (hiring for durable and nondurable goods)
  • Leisure & Hospitality: trending up by 35,000 (hiring for accommodation and food services and drinking places)

The Tech Industry by the Numbers

  • Professional & technical services: 10,581,300 (increase of 42,700 from October)
  • Management & technical consulting services: 1,784,900 (increase of 7,400 from October)
  • Other professional and technical services: 835,900 (increase of 3,700 from October)

Looking for a new role but not sure where to start? Try Teal’s free job searching platform. Organize your applications by saving listings from various job boards to one central Job Tracker, tailor your resume to each position you’re applying for using the Resume Builder, and optimize your LinkedIn profile with our LinkedIn Review tool so you stand out to recruiters and hiring managers. Here’s to landing a job you love in 2022.

Unpacking the September 2022 U.S. Jobs Report

The job market continues to cool, as the payrolls gain this month was the lowest since April 2021. According to the Bureau of Labor Statistics, employment increased by 263,000 in September 2022. The unemployment rate edged back down to 3.5%, returning to pre-pandemic and July levels. If you or someone you know is unemployed, view the work search requirements for unemployment benefits by state to review your options.  

While Hurricane Ian impacted southeastern states of the U.S., the storm had no noticeable effect on employment and unemployment data for September. 

What Industries Are Hiring Right Now

Here are the industries that led hiring gains in September:

Leisure & Hospitality:

The 83,000 job gains in September is in line with the average monthly job gain over the first eight months of the year. Employment in food services and drinking places showed notable gains.

Some companies hiring in the leisure & hospitality industry: 

  • Amentum: Located in Williamsburg, VA, Amentum is hiring for a Food and Beverage Supervisor. Join more than 50,000 employees on all seven continents to deliver a broad range of operational support services to meet the needs of clients. 
  • Boise Centre: Boise Centre is Idaho’s largest convention center with a mission to WOW guests with unforgettable experiences. Check out the job list on Indeed to see all open positions at Boise Centre. 
  • Legends: Serving as an extension of your team, Legends is a premium experiences company that specializes in delivering holistic solutions for sports and entertainment organizations and venues. In the hospitality industry, Legends offers services in Art and Science of Cuisine, General Concessions, Food Halls, Restaurants, Signature Chef Concepts, and more. Check out the job list on Indeed to see all open positions at Legends. 

Healthcare:

Employment in this industry rose by 60,000, returning to its February 2020 level. Ambulatory healthcare services and hospitals each added 28,000 jobs in September. 

  • Novant Health: Novant Health is an integrated system of physician practices, hospitals, outpatient centers, and more with a promise to deliver remarkable healthcare.  They strongly believe in inspiring and empowering communities to stay healthy. This company is located in four states in the U.S. 
  • 3M Health Information Systems (HIS): 3M HIS uses technology to advance healthcare to improve every life. They are committed to leading the shift from volume to value-based care. Using science, 3M HIS transforms ideas into products that help define the future of healthcare payment, policy, and quality. 
  • Sutter Health: Sutter Health is a not-for-profit organization reinventing resources back into the community. Sutter hospitals serve more of the Medi-Cal patient population in Northern California than any other health system. These employees and providers are shaping the future of healthcare.  

Notable Layoffs

Layoffs in the tech sector continued through the month of September. If you or someone you know has been impacted by recent layoffs, we’ve put together a guide to help you navigate these uncharted waters. For the latest in tech layoffs, visit layoffs.fyi.

  • DocuSign: On September 28, 2022, the company announced layoffs for ~9% of its workforce, impacting around 671 employees. These changes were made as part of a major restructuring plan. The plan is designed to support the company’s growth and profitability objectives and improve its operating margin. 
  • Divvy Homes: On September 27, 2022, the property tech startup backed by Andreessen Horowitz and Tiger Global Management laid off about 12% of its staff. The cuts reflect how younger real estate firms are responding to rising mortgage rates that have negatively impacted the housing market. The layoffs affected roughly 40 employees. 
  • Klarna: On September 22, 2022, Klarna COO, Camilla Giesecke, led a meeting to report another staff reduction to reflect the company’s new and more focused nature. This round of layoffs will impact ~100 employees globally. 
  • Twilio: On September 14, 2022, Twilio CEO Jeff Lawson sent a letter to employees announcing the company’s decision for layoffs. In order to run more efficiently and align the company’s investments with its priorities, the job cuts affected 11% of its workforce.  
  • Patreon: On September 13, 2022, CEO Jack Conte wrote a letter to the staff notifying them of a 17% staff reduction. This affects 80 employees across the Go-to-Market, Operations, Finance, and People teams. 
  • Peloton: On October 6, 2022, Peloton Interactive announced its fourth round of layoffs, this time affecting about 500 employees, or 12% of its workforce. Current CEO Barry McCarthy stated that the company has to prove it is viable and can stand on its own. 

Individual Industry Changes

In addition to leisure & hospitality and healthcare, here are the other industries that saw notable growth in employment in September.

  • Leisure & hospitality: added 83,000 jobs (hiring for food services and drinking places)
  • Healthcare: rose by 60,000 (hiring for ambulatory healthcare services and hospitals)
  • Professional & business services: added 46,000 jobs (hiring for temporary help services, investigation and security services, and scientific research and development services)
  • Manufacturing: added 22,000 jobs (hiring for motor vehicles and parts, fabricated metal products, and electrical equipment and appliances)
  • Construction: added 19,000 jobs (hiring for specialty trade contractors)
  • Wholesale trade: added 11,000 jobs (hiring for durable goods)

The Tech Industry by the Numbers

  • Professional & technical services: 10,533,300 (increase of 10,700 from August)
  • Management & technical consulting services: 1,779,200 (increase of 5,300 from August)
  • Other professional and technical services: 832,800 (increase of 1,700 from August)

Looking for a new role but not sure where to start? Try Teal’s free job searching platform. Organize your applications by saving listings from various job boards to one central Job Tracker, tailor your resume to each position you’re applying for using the Resume Builder, and optimize your LinkedIn profile with our LinkedIn Review tool so you stand out to recruiters and hiring managers. Here’s to landing a job you love in 2022.

Unpacking the August 2022 U.S. Jobs Report

The labor market continues to recover from the job losses of the pandemic-induced recession. According to the Bureau of Labor Statistics, employment increased by 315,000 in August 2022. This growth brings total nonfarm employment 240,000 higher than pre-pandemic levels. The unemployment rate rose by 0.2% from July, reaching a rate of 3.7%. 

While we still saw notable hires in August, the job growth cooled in comparison to July. This is due to the fear of rising interest rates and talk of a recession. 

What Industries Are Hiring Right Now

Here are the three industries that led hiring gains in August:

Professional & Business Services:

This industry is hiring for computer systems designs and related services, management and technical consulting services, architectural and engineering services, and scientific research and development services. 

Some companies hiring in the professional & business services industry:

  • Deloitte: Deloitte is one of the largest professional services organizations in the United States. Employing over 150,000 professionals, Deloitte audit and assurance, tax, consulting, and risk and financial advisory services. Enhancements to employee benefits have been made
  • Perkins & Will: The employees at Perkins & Will share a goal to design places that make a difference in the world. Each project is designed with the purpose to help enliven neighborhoods and build communities.
  • MRINetwork: MRINetwork is an employment agency that teaches people how to build great companies. They provide support, expertise, and training to accelerate success and connect with top recruiters and business owners around the world. 

Healthcare:

This industry is hiring in offices of physicians, hospitals, and nursing and residential care facilities. 

  • Akumin & Alliance HealthCare Services: Akumin & Alliance are a people company powered by an incredible team of health professionals who provide essential services and high quality patient care. This company partners with hospitals, health systems, and physician groups. 
  • Envision Physician Services: With a main focus on patient care, Envision provides anesthesiology, emergency medicine, hospital medicine, radiology, surgical services, and women’s and children’s health services. You can find an opportunity that fits your needs, schedule, and goals at any stage of your career. 
  • Summit Medical Consultants: The mission at Summit Medical Consultants is to provide patients and their families with exceptional care in a compassionate and friendly environment. They offer a range of services from Acute Inpatient Rehabilitation to Assisted Living. You would be joining a team that is provider owned and operated. 

Retail Trade: 

This industry is hiring in general merchandise stores, food and beverage stores, health and personal care stores, and building material and garden supply stores. 

  • Walmart: Walmart is one of the largest retailers in the world. Jobs are offered at all levels, and skills development and training is offered. Walmart invests in its employees to help all jobs lead to careers. 
  • Walgreens Boots Alliance: Walgreens Boots Alliance (WBA) is a trusted, global innovator in retail pharmacy. This company employs more than 315,000 team members across nine countries. You can find jobs in-store, pharmacy, warehouse, corporate, and more. 
  • Costco Wholesale Corporation: Costco is a membership only retail chain with more than 800 locations worldwide. A wide variety of merchandise is offered at these stores. You can easily apply online for roles across different departments. 

Notable Layoffs

Layoffs in the tech sector continued through the month of July. If you or someone you know has been impacted by recent layoffs, we’ve put together a guide to help you navigate these uncharted waters. For the latest in tech layoffs, visit layoffs.fyi.

  • Snap: On August 31, 2022, Snap CEO, Evan Spiegel, announced the layoff news. The layoff plan is for 20% of the 6,400 employee workforce, impacting more than 1,200 staffers. Spiegel shared the reason for the restructure as a focus on community growth, revenue growth, and augmented reality. 
  • 2U: On August 30, 2022, Chip Paucek, Co-Founder and CEO of 2U, shared the news to strategically transform the business to one unified brand, edX. These changes resulted in a loss of 20% of the workforce. This round of layoffs is a response to the merger with edX last year and enrollment declines.
  • Innovaccer: On September 1, 2022, a layoff of 120 employees occurred at the healthtech company Innovaccer. The impacted employees are mostly from the tech team and include team managers and team leads. These layoffs are attributed to the current economic conditions. All laid off employees are being offered three-months salary as a severance package. 
  • Wayfair: On August 19, 2022, Wayfair announced layoffs of about 5% of its global workforce, impacting about 870 employees. The job cuts are part of the company’s plan to manage operating expenses and realign investment priorities. Corporate roles in North America and Europe were primarily affected. 
  • Argyle: On August 26, 2022, a spokesperson for the fintech company Argyle confirmed the workforce reduction of 6.5% of the team, impacting 20 people. These layoffs happened across all departments. 
  • GoodRx: On August 31, 2022, GoodRx said its board approved layoffs of 140 employees, accounting for around 16% of the company’s workforce. The job cuts are mostly in the technology-focused and marketing areas. The layoffs are a result of GoodRx trying to re-balance the company. 

Individual Industry Changes

In addition to professional and business services, healthcare, and retail trade, here are the other industries that saw notable growth in employment last month. 

  • Professional & business services: added 68,000 jobs (hiring for computer systems designs and related services, management and technical consulting services, architectural and engineering services, and scientific research and development services)
  • Healthcare: employment rose by 48,000 (hiring in offices of physicians, hospitals, and nursing and residential care facilities)
  • Retail trade: added 44,000 jobs (hiring in general merchandise stores, food and beverage stores, health and personal care stores, and building material and garden supply stores)
  • Leisure & hospitality: added 31,000 jobs (hiring for accommodation and food services and arts, entertainment, and recreation)
  • Manufacturing: added 22,000 jobs (hiring in durable goods industries)
  • Financial activities: rose by 17,000 (hiring for finance and insurance and real estate, rental, and leasing)
  • Wholesale trade: increased by 15,000 (hiring for durable and nondurable goods)
  • Mining: employment rose by 6,000 (hiring for support activities for mining)

The Tech Industry by the Numbers

  • Professional & technical services: 10,537,900 (increase of 40,900 from July)
  • Management & technical consulting services: 1,778,500 (increase of 13,100 from July)
  • Other professional and technical services: 827,800 (increase of 3,900 from July)

Looking for a new role but not sure where to start? Try Teal’s free job searching platform. Organize your applications by saving listings from various job boards to one central Job Tracker, tailor your resume to each position you’re applying for using the Resume Builder, and optimize your LinkedIn profile with our LinkedIn Review tool so you stand out to recruiters and hiring managers. Here’s to landing a job you love in 2022.

Labor Market Changes in July 2022

As rumblings of a recession continue, the U.S. labor market continued to hold strong in July 2022. According to the Bureau of Labor Statistics, employment rose by 528,000 last month, greatly exceeding the 250k estimate. The unemployment rate for July, at 3.5%, returned to pre-pandemic levels. 

Despite the gains in employment, worker demand remains high. The number of job openings continues to exceed the number of unemployed workers actively seeking employment. Competition for workers remains stiff. Potential remains for aggressive interest rate hikes from the Federal Reserve. Eyes and ears remain open as talk of recession continues.

What Industries Are Hiring Right Now

U.S jobs continue to soar. Here are three industries that led hiring gains in July:

Leisure & Hospitality: 

Hospitality workers continue to be in high demand due to travel. Within the industry, employment in food services and drinking places showed the largest increase. 

Some companies hiring in the leisure & hospitality space:

  • Delaware North: Delaware North manages and provides food and beverage concessions, premium dining, entertainment, lodging, and retail at many large venues. This company is a world leader in culinary and hospitality operating on four continents. Delaware North offers a variety of career opportunities
  • HipCityVeg: This vegan fast food restaurant currently has 22 job openings. HipCityVeg is currently located in New York, Washington, D.C., Philadelphia, and the suburbs of Philadelphia. They are currently hiring for cashiers, line cooks, shift supervisors, and management. 
  • Aimbridge Hospitality: Aimbridge Hospitality is a leading, global hotel management company with a mission to be the best hotel management company worldwide. At Aimbridge, you will find engaging culture, dynamic careers, and community impact offered in 20 countries and approximately 1,500 properties.

Professional and Business Services:

This industry is hiring people in management of companies and enterprises, architectural and engineering services, and scientific research and development. 

  • IBM: IBM offers consulting services for information technology that the company discovers, designs, and develops. The IT company is moving forward and embracing a hybrid work model, transforming the onboarding process to focus on empathy and engagement to help remote new hires feel more connected. 
  • EY: EY wants to build a better working world and employs over 280,000 people in 150 countries. The insights and quality services provided help build trust and confidence in the capital markets and economies. 
  • Blackstone: Blackstone is a leading global investment business investing capital on behalf of pension funds, large institutions, and individuals. The mission is to create long-term value for investors through stewardship of their capital.

Healthcare:

This industry is hiring for ambulatory healthcare services, hospitals, and nursing and residential care facilities. 

  • University of Maryland Medical Center: The medical staff comprises nearly 1,200 attending physicians, as well as 900 residents and fellows in all medical specialties. UMMC’s mission is to deliver superior health care, train the next generation of health professionals, and discover ways to improve health outcomes worldwide. 
  • City of Hope: City of Hope is a national leader in cancer care. Employees are dedicated to delivering optimal outcomes for all patients and are committed to diversity, equity, and inclusion. City of Hope is hiring in the following career areas: clinical, research, business services, and physician careers.  
  • Headspace Health: Headspace Health is a digital-health company with more than 1,000 current employees. They are expected to hire at least 150 employees by the end of 2022. Full and part-time remote jobs are offered. The mission of Headspace is to transform mental healthcare to improve the health and happiness of the world.

Notable Layoffs

Layoffs in the tech sector continued through the month of July. If you or someone you know has been impacted by recent layoffs, we’ve put together a guide to help you navigate these uncharted waters. For the latest in tech layoffs, visit layoffs.fyi.

  • Soundcloud: On August 3, 2022, Soundcloud CEO Michael Weissman informed his employees that the company would lay off around 20% of its workforce. This decision was financially driven in the hopes for sustained profitability. 
  • Robinhood: On August 2, 2022, Robinhood CEO Vlad Tenev announced a 23% staff lay off, following the 9% in April. Due to Tenev’s blames of high inflation and the crypto market crash, this mostly impacts the operations, marketing, and program management departments. 
  • Oracle: On August 1, 2022, Oracle announced layoffs in the U.S, particularly the San Francisco Bay area. The number of impacted employees is unspecified, but there are plans in the coming months to continue layoffs in Canada, India, and parts of Europe, estimating thousands of layoffs. 
  • Shopify: On July 26, 2022, Shopify CEO Toby Lütke announced a 10% cut of its workforce, impacting nearly 1,000 employees. Recruiting, support, and sales will be most affected. Lütke acknowledged he misjudged how long the pandemic-driven e-commerce boom would last. 
  • Rivian: On July 27, 2022, the electric automaker startup laid off about 6% of its workforce, impacting nearly 840 workers. Concerns of rising interest rates, inflation, and increased commodity prices are noted as the cause.

Individual Industry Changes

In addition to leisure and hospitality, professional and business services, and healthcare, here are the other industries that saw notable changes in employment last month:

  • Leisure & hospitality: added 96,000 jobs (hiring for food services and drinking places, arts, entertainment, and recreation)
  • Professional & business services: increase of 89,000 (hiring for management of companies and enterprises, architectural and engineering services, and scientific research and development)
  • Healthcare: rose by 70,000 (hiring for ambulatory healthcare services, hospitals, and nursing and residential care facilities)
  • Government: rose by 57,000 (hiring for local government - mostly in education)
  • Construction: increased by 32,000 (hiring for specialty trade contractors)
  • Manufacturing: increased by 30,000 (hiring for durable goods industries, semiconductors and electronic components, and miscellaneous durable goods manufacturing)
  • Social assistance: added 27,000 (hiring for individual and family services and child day care services)
  • Retail trade: increased by 22,000 (hiring for food and beverage stores and general merchandise stores)
  • Transportation & warehousing: added 21,000 (hiring for air and truck transportation, support activities for transportation, and transit and ground passenger transportation)
  • Information: added 13,000 (hiring for publishing industries (except internet), data processing, hosting, and related services, and other information services)
  • Financial activities: increased 13,000 (hiring for finance, insurance, and commercial banking)
  • Mining: rose by 7,000 (hiring for support activities for mining and oil and gas extraction)

The Tech Industry by the Numbers

  • Professional & technical services: 10,502,600 (increase of 47,300 from June)
  • Management & technical consulting services: 1,767,100 (increase of 11,800 from June)
  • Other professional & technical services: 825,700 (increase of 6,700 from June)

Looking for a new role but not sure where to start? Try Teal’s free job searching platform. Organize your applications by saving listings from various job boards to one central Job Tracker, tailor your resume to each position you’re applying for using the Resume Builder, and optimize your LinkedIn profile with our LinkedIn Review tool so you stand out to recruiters and hiring managers. Here’s to landing a job you love in 2022.

Unpacking the June 2022 U.S Jobs Report

There've been rumblings in recent months of a recession—but the U.S labor market remained strong in June 2022, according to the Bureau of Labor Statistics. There were 372,000 jobs added last month, while the unemployment rate held steady at 3.6%—a level that's stayed consistent for four consecutive months.

Despite the current strong market, high inflation and rising interest rates are contributing to the cooling of the economy and causing fear of a recession—but the biggest impediment to the job market is the availability of workers. Despite the gains in employment, there are still 524,000 fewer jobs than there were in February 2020, before the COVID-19 crisis hit. This creates a tight labor market, with the number of job openings exceeding the number of workers actively seeking jobs.

What Industries Are Hiring Right Now

There've been lots of posts lately on LinkedIn about layoffs—particularly at tech companies. But although the job market is tightening a bit, it isn't all doom and gloom. Here are 3 key industries that led hiring gains in June: 

Healthcare:

Healthcare occupations are projected to be one of the leading industries in hiring. This projected growth is mainly due to an aging population, leading to greater demand for healthcare services. Desired jobs in this industry include registered nurses, licensed practical and licensed vocational nurses, physical therapists, critical care nurses, medical and clinical laboratory technicians, and acute care nurses.  

Some companies hiring in the healthcare space:

  • UnitedHealth Group: UnitedHealth Group is a health care and well-being company dedicated to helping people live healthier lives and to help make the health system work better for everyone. The company consists of 340,000 employees worldwide, with offices located in all 50 U.S. states and in 33 countries.
  • Oscar Health: Oscar is a technology-focused health insurance company. This company employs 1,001-5,000 people in New York, Dallas, Los Angeles, and Tempe. In-office and remote positions are available.
  • Comfort Keepers: Comfort Keepers is a senior home care provider providing safety, security, and comfort to seniors and their families. Each caregiver completes care training to help seniors achieve a greater quality of life.

Professional & Business Services:

This industry is hiring professionals in management of companies and enterprises, computer systems design, and office and administrative services.

  • Fusion Business Solutions: This IT and BPO outsourcing company helps businesses in their administrative and repetitive jobs as a remote staffing service provider. The company’s vision is to transform lives and deliver world-class business solutions.
  • Epsilon: Epsilon is the leader in outcome-based marketing and helps marketers anticipate, activate, and prove measurable business outcomes. This is a global company with over 8,000 team members in over 40 offices around the world.
  • Accenture: Accenture’s purpose is to deliver on the promise of technology and human ingenuity. Employees at this company meet clients across industries wherever they are on their paths to change and partner with them to create lasting value in every direction. Located in 10 major cities across the U.S., each hub is home to multidisciplinary teams of designers, developers, and other technology experts.

Leisure & Hospitality:

As cities and states reopen their economies, companies in this industry are beginning to regain what was lost in 2020. Hospitality workers are in high demand due to travel. This sector is one showing high jumps in its pay increases. Within the industry, employment in food services and drinking places showed the largest increase.

  • Airbnb: Airbnb is an online platform for making travel, accommodation, and lodging bookings. Its spring 2022 announcement of its remote work policies resulted in overwhelming support and interest in careers at the company—and with 14,210 employees all over the world, they show no signs of slowing their growth.
  • Hilton Hotels: Globally, there are 4,200 hotels in 93 countries and territories. Team Hilton offers positions in hotels, corporate, university programs, and human resources.  
  • Compass Group: Compass Group PLC is the leader in food and support services management, serving award-winning restaurants, corporate chefs, hospitals, schools, arenas, museums, and more. Opportunities are offered across all 50 U.S. states. Employees will receive training, support, advancement, and rewards throughout their careers.

Notable Layoffs

Layoffs in the tech sector continued through the month of June. If you or someone you know has been impacted by recent layoffs, we've put together a guide to help you navigate these uncharted waters. For the latest in tech layoffs, visit layoffs.fyi.

  • Twitter: On July 7, 2022, Twitter announced layoffs of 30% of the talent acquisition team. The company is also currently under a hiring freeze.
  • Gopuff: On July 12, 2022, Gopuff is cutting 10% of its global workforce, impacting 1,500 employees. This delivery startup will also be closing 76 U.S warehouses, about 12% of its networks.
  • Hopin: On July 11, 2022, pandemic-fueled layoffs occurred at Hopin, a London-based virtual events platform. Following the 138 employees laid off four months ago, Hopin announced another round of layoffs. This resulted in a loss of 242 employees, 29% of the company’s workforce.
  • Next Insurance: On July 8, 2022, Next Insurance announced a 17% cut of its workforce, impacting roughly 150 employees in the U.S and Israel. Worsening economic conditions, a shift toward prioritizing profitability, and cost management were driving factors in the reduction of the insurtech’s team.
  • Redfin: On June 14, 2022, Redfin CEO Glenn Kelman announced a round of layoffs. With May demand 17% below expectations, 8% of Redfin employees were let go.
  • LoanDepot: On July 14, 2022, LoanDepot announced more layoffs for 2022. In the first half of the year, the mortgage company already cut 2,800 jobs. There are plans to lay off another 2,000 employees by the end of 2022.

Individual Industry Changes

In addition to professional and business services, leisure and hospitality, and healthcare, here are the other industries that saw notable changes in employment last month:

  • Professional & business services: increase of 74,000 (hiring for business operations specialist, management analysts, market research analysts and marketing specialists, human resources specialists, and accountants)
  • Leisure & Hospitality: added 67,000 jobs (hiring for arts, recreation, entertainment, food services, and drinking places)
  • Healthcare: rose by 57,000 (hiring for registered nurses, licensed practical and licensed vocational nurses, physical therapists, critical care nurses, medical and clinical laboratory technicians, and acute care nurses.  
  • Transportation & warehousing: added 36,000 jobs (hiring for air, rail, water, and truck transportation and warehousing and storage)
  • Manufacturing: increased by 29,000 (hiring within the durable and non-durable goods, transportation equipment, food manufacturing, and machinery sectors)
  • Information: added 25,000 jobs (hiring in the publishing industry, motion picture and sound recording industries, and data processing, hosting and related services)
  • Social assistance: rose by 21,000 (hiring in individual and family services, emergency and other relief services, and child day care services)
  • Wholesale trade: added 16,000 jobs (hiring within the durable and non-durable goods industries, electronic markets, agents, and brokers)
  • Mining: employment rose by 5,000 (hiring in oil and gas extraction, coal and metal ore mining, and support activities for mining)

The Tech Industry by the Numbers

  • Professional & technical services: 10,445,600 (increase of 42,000 from May)
  • Management & technical consulting services: 1,751,600 (increase of 7,200 from May)
  • Other professional & technical services: 814,100 (0 increase from May)

Looking for a new role but not sure where to start? Try Teal’s free job searching platform. Organize your applications by saving listings from various job boards to one central Job Tracker, tailor your resume to each position you’re applying for using the Resume Builder, and optimize your LinkedIn profile with our LinkedIn Review tool so you stand out to recruiters and hiring managers. Here’s to landing a job you love in 2022.

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Becca Dershowitz

Becca Dershowitz

Becca is a former teacher and Teal's Research Associate.

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