Snagajob’s Counter Intelligence: The Snagajob Service Industry Hiring Report indicates that job seekers are returning to the job market as confidence in landing an hourly job improves. The company’s related Reactivation Index report found a 3.8 percent increase in the number of job seekers having reactivated their job search after a three-month period of inactivity, over one year prior. The Index was also up .7 percent over last quarter, indicating a growing return to the hourly job search.
Younger job seekers are the most likely to be returning to the job hunt with a 5.4 percent increase for respondents aged 24 years and younger. Comparatively, the group of hourly workers aged 25 to 44 actually suffered a 3.4 percent decline, and those 45 years and older saw a 2.1 percent drop in job-hunt participation.
“Government job data has consistently shown that industries dominated by hourly employees continue to add jobs,” said Jason Hamilton, vice president of marketing for Snagajob. “Growth in these industries is sparking job seeker optimism, prompting Snagajob users to hit the virtual pavement to resume their job search.”
The two most represented industries on Snagajob, retail and restaurants, added a combined 733,000 jobs to the economy over the past year. For the month of July, the economy added 47,000 retail jobs and 38,000 restaurant jobs. Snagajob users aged 24 and under also increased at a rate of 17.5 percent over the past year.
“The year-over-year increase we’ve seen in younger job seekers is one of the driving factors behind the exponential increase in mobile visits to our site,” Hamilton said. “Millennials are the largest mobile users in our marketplace so it’s not surprising that we’ve seen a 114 percent increase in mobile visits to our site compared to last year.”