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UKG: February Features Shift Work Rebound, Holiday Surprise

By: via Business Wire

Live labor market briefing March 5 at 10:00 a.m. ET to analyze frontline workforce trends across industries, business-size segments

UKG:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240305780895/en/

Summary:

   

After a seasonably slower start to 2024 in January, February featured a holiday surprise and workforce activity increased 0.5% to push the labor market in a positive direction, according to the February 2024 Workforce Activity Report published by UKG.

     

 

   

UKG will discuss current and future potential trends shaping the frontline economy on March 5, at 10:00 a.m. ET, including:

  • How the Presidents Day holiday impacted overall shift work in February;
  • Which sectors saw the largest increases in workforce activity for the month;
  • Whether the February rebound is expected to continue; 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 4.5 million people across 40,000 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:

  • March 2024 Workforce Activity Report: April 2, 2024
  • April 2024 Workforce Activity Report: April 30, 2024
  • May 2024 Workforce Activity Report: June 4, 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.

Follow UKG on Facebook, Instagram, LinkedIn, TikTok, X, and YouTube.

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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