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

July 16, 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 13, 2020:

  • Indeed data showed which industries have smaller than average declines in job postings, and which have larger than average declines, as told to Forbes.
  • Another 1.3 million workers filed for unemployment insurance last week, the 17th straight week of new claims that exceeded one million. What we’re seeing is continued, historic elevated rates of job loss in the United States,” Indeed Research Director Nick Bunker told The Washington Post. “We’ve seen sustained elevated rates of job loss, and that’s continued as we hurdle toward the expiration of several programs that have propped up the economy.”
  • 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:
    • Dollar General
    • Advance Auto Parts
    • Encompass Health
    • Staples
    • Panda Restaurant Group
    • Banfield Pet Hospital
  • So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 23.3% lower than in 2019, as of July 10,  the tenth 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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