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

August 14, 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 August 10, 2020:

  • Director of Social Impact, Abbey Carlton, shared best practices for inclusive hiring during COVID-19 on Lead with Indeed
  • Economist AnnElizabeth Konkel appeared on CNBC’s “The Exchange” to discuss market recovery during COVID-19.
  • This week’s JOLTS report shows an increase in job growth, which is likely due to a large increase in quit rates. Hiring Lab Research Director Nick Bunker was quoted in Reuters, saying, “Perhaps the rise in job openings is less about adding additional workers, but backfilling positions from workers who quit positions due to concerns about the virus, lack of childcare options, or similar reasons.”
  • 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
    • Encompass Health
    • Panda Restaurant Group
    • Lowe’s
    • Intuit
    • Advance Auto Parts
  • So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 18.1% lower than in 2019, as of August 7, the fourteenth 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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