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

July 24, 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 21, 2020:

  • Many workers are experiencing burnout and extreme fatigue as they navigate working during the pandemic. The latest piece from Lead with Indeed offers strategies to companies to help employees cope. 
  • New data from Indeed shows openings for retail work have increased while software job postings have decreased – read the analysis in the Washington Post.
  • Hazard pay, which rewards workers for doing dangerous or risky jobs, has largely disappeared. Economist AnnElizabeth Konkel told CNN “The danger facing essential workers hasn’t diminished. Any job where a worker is interacting closely with the public or coworkers for an extended period of time elevates the possibility of contracting coronavirus.”  
  • 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:
    • The Home Depot
    • FedEx Ground
    • Apple
    • Booz Allen Hamilton
    • Floor & Decor
    • Chewy
  • So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 22% lower than in 2019, as of July 17,  the eleventh 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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