Monthly Labor Market Report - February 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, including Temp Staffing and Workers in Rio Rancho | Instawork and Tampa Bay catering services.

Key points

• In-person flexible work is growing most quickly in northeastern metro areas, helping to fill gaps left by emigration.
• Hourly pay offers for hospitality roles may be trending lower in March after rising slightly over the winter, though demand for these roles is growing; this could be evidence of more hospitality workers returning to the labor force.
• Pay for higher-skill warehouse work is set to continue rising as part of a six-month climb, as warehouses move to increase automation.
• The share of male workers in the Instawork labor pool continues to rise, now up 3.5 percentage points since September.

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The data are also compiled into the Instawork Pay Signal Index (PSI) and indexed trends in hourly pay. Because businesses can book shifts in advance on the Instawork platform, the metrics include forward-looking data for the current month as well. Please refer to the appendix for explanations of the methods behind each metric.

Demographics of flexible workers

Pay Signal Index