Weekly Insights: COVID-19, The Labor Market & Jobs

July 10, 2020 —  Each week, Indeed shares the latest information on the impact COVID-19 is having on the labor market, job seekers and employers.

Here’s what happened the week of July 6, 2020:

  • Paul Wolfe was featured on the cover of the July/August issue of Entrepreneur Magazine along with an interview discussing how to manage and hire remote workers during COVID-19. On the selection process: “They had to have done something adaptive during the pandemic, whether it was helping their team, their community, their customers, or others.”
  • Though unemployment numbers are improving in the US, they remain high when compared to 2019 figures. NPR spoke with Research Director Nick Bunker about how higher-paid jobs have been slower to recover, and what a long term recession could mean for the labor market. “The concern is that the damage starts to ripple out to other parts of the economy that are indirectly affected by the virus,” Bunker said.
  • Indeed released a report on Lead with Indeed to discuss emotional intelligence in the workplace, and how it can help during COVID-19. 
  • Companies are still hiring. Over 500,000 jobs are added to Indeed each week in the U.S. alone. Here are just some of the companies who are hiring right now:
    • Amazon
    • Spectrum
    • Allstate Insurance
    • Chili’s
    • Burger King
    • Walgreens
  • So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 24.7% lower than in 2019, as of July 3, the ninth week of gradual improvement.
  • Indeed has rolled out several product updates to help those whose jobs have been impacted by COVID-19. More information on how job seekers can use these tools to quickly and easily connect with employers in a way that reflects the social distancing and shelter-in-place measures can be found here. 

 

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