Introduction – US Hiring Trends of 2022
The job market in the United States has shifted drastically in the past couple of years. The job market has undergone a major correction due to the COVID-19 pandemic. While the beginning of the pandemic saw major layoffs and a high unemployment rate in the US, the end of the pandemic shows the exact opposite picture. The unemployment rates in the USA are at an all-time low of 3.5% in July 2022. The American workforce is back to work with a vengeance!
This is fantastic news for recruiters, staffing agencies, and the economy as a whole. Tobu has uncovered the hiring trends in the USA in 2022 and will share insights about the top 5 industries that are recruiting employees in 2022 in this blog.
- EDUCATION SECTOR
The USA has one of the largest public education systems in the world which includes schools, colleges, and universities. The education sector took a huge hit during the pandemic but with on-campus education restarting, the education industry is hiring en masse. According to the IBIS World industry reports, there are 6.6 million employees in the schooling system and 3 million in the college and universities of the USA.
Recruitment agencies are seeing a definite rise in the number of job seekers as well as job openings in the education sector. Teachers, school administrators, coordinators, library technicians, teaching assistants, and career counselors are some of the most in-demand jobs in this industry.
- HEALTHCARE SECTOR
Healthcare is a sector that has come under the spotlight since 2020. It is a sector that has worked non-stop to save American lives during the pandemic. The US Government revealed that during the peak of the second wave in 2021, there were more than 22 million healthcare workers employed in the healthcare industries fighting at the frontline.
This industry is currently employing at a very high rate and will continue to do so over the next decade. The U.S Bureau of Labor Statistics states that healthcare is one of those few sectors that is showing a double-digit employment growth rate of 16% till 2030.
Doctors, physicians, nursing staff, hospital administrators, lab assistants, technicians, therapists, special care assistants, and pharmacists are some of the most in-demand jobs in this sector.
- FINANCIAL SERVICES SECTOR
Financial services are the backbone of the economy. Jobs in this sector generally pay higher than most other sectors. According to an investigative journalist report by U.S News, the financial advising industry is aging fast and there will be at least 110,500 retirees in the coming decade.
In February 2022 there were around 304,000 job openings in the financial services sector. The hiring trends in finance have picked up since the end of the pandemic. More and more people are being hired across the spectrum from entry-level jobs to upper management levels in the financial services industry.
The financial services industry includes banking, securities market, fintech, cryptocurrency, and decentralized financial services. The finance sector is definitely a place job seekers can turn to for better opportunities.
- FOOD & HOSPITALITY SECTOR
The food & hospitality sector went through a particularly lean patch during the COVID-19 pandemic. Approximately 159,000 restaurants across the US shut down in the first wave of the pandemic. Major fast food chains and hotels managed to survive with mass layoffs and pay cuts.
2022 is however a bright new year for the food and hospitality industry. The industry is ready to go full throttle with mass hiring and building up revenues this year.
Chefs, wait staff, hotel clerks, front desk associates, hotel receptionists, hotel administration, restaurant managers, guest relations executives, and house manager are some of the positions that have many, many job openings in 2022.
- LOGISTICS AND TRANSPORTATION SECTOR
The online commerce industry has grown by leaps and bounds in the last few years. Companies like Amazon, eBay, Walmart, and Etsy generate multi-billion dollar revenues through eCommerce.
The backbone of eCommerce is logistics and transportation. It is an integral part of the online shopping experience. The U.S Freight and Logistics industry is predicted to have a CAGR (Compounded Annual Growth Rate) of 4% in 2022. There will be a minimum of 350,000 job openings in this industry in 2022 alone.
2022 is considered a year of recovery for the logistics and transportation industry in the USA.
This is a fantastic year for hiring. Recruiters can look forward to working on volume hiring solutions for their clients in the USA. Since recruitment agencies are going to be bombarded with resumes from candidates during this hiring spree we have the perfect solution to simplify the life of recruiters.
Meet Tobu – the world’s first email resume extraction software that is powered by AI. Our software can be integrated with your existing mailbox in one click. Tobu will then extract all the resumes, classify them and set up your candidate database on Tobu’s dashboard.
Take a look at how Tobu works with our video demo and get in touch with us to know more.