The most romantic metro areas, according to data on flexible work
Key takeaways
- Los Angeles had the biggest spike in demand for flexible work during the Valentine's Day period, making in the nation's most romantic metro area; New York was the least romantic.
- Demand for flexible work rose among restaurants and caterers but was especially high at venues.
- Hourly pay also rose at caterers and venues, with a peak around 20% above the monthly average.
Monthly Labor Market Report - January 2023
Every day, the Instawork platform handles thousands of transactions involving businesses and hourly professionals, generating a huge amount of data on hourly pay as well as other aspects of the labor market. This report summarizes some of the major trends in demographics, roles, and worker constraints in regions across the United States.
Some sectors may have already had a mini-recession
Key takeaways
- Higher interest rates and shifting spending pushed some sectors of the economy into recession territory last year.
- Employment via temporary help services, which usually falls before a recession, has also dipped.
- But flexible workers are actually working more hours per month, on average, suggesting a tighter connection with employers.
Does a rising economic tide in Florida lift all boats?
Key takeaways
- Florida's economy has been flourishing, driven in large part by a surge in population.
- Despite low unemployment rates, workers' buying power has barely kept up with inflation.
- The Tampa and Jacksonville areas are making some of the biggest gains in jobs associated with new residents.
Shifts for flexible work are filling in a flash
Key takeaways
- Our State of the Flexible Workforce report showed that shifts in most roles filled, on average, in less than 24 hours.
- In the past 60 days, these average times to fill shifts fell below 10 hours.
- A huge expansion in the supply of flexible labor, as well as increasing business expertise in using it, are likely explanations.
Growth means more jobs and lower spending power in San Antonio
Key takeaways
- The San Antonio metro area has been one of the fastest-growing in the United States, thanks in part to a burgeoning technology sector.
- Job growth in the area has been especially strong in education and health care.
- The spending power of workers' hourly earnings has ebbed and flowed along with changes in the size of the labor force, and it's currently on the downslope.
Monthly Labor Market Report - December 2022
Every day, the Instawork platform handles thousands of transactions involving businesses and hourly professionals, generating a huge amount of data on hourly pay as well as other aspects of the labor market. This report summarizes some of the major trends in demographics, roles, and worker constraints in regions across the United States.
Closing the book on labor markets in 2022 and looking ahead to 2023
Key takeaways
- Data from our platform and government sources suggest diverging paths for labor markets in metropolitan areas across the country.
- Factors related to the pandemic will probably wane in 2023 as labor markets and spending patterns stabilize.
- Continuing uncertainty about the economy will make flexible work a crucial tool for fine-tuning labor supply to meet demand for goods and services.
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