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

September 11, 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 September 7, 2020:

  • The increase in job postings has slowed dramatically since July, according to Indeed data. Hiring Lab Research Director, Nick Bunker, told the Wall Street Journal, While labor demand has recovered somewhat from the huge shock caused by the virus, we’re still below pre pandemic levels.” 
  • Indeed job postings data shows a state-by-state look at job numbers in the US, indicating job-magnet states like New York and California’s job numbers are down nearly 30%. Hiring Lab Chief Economist, Jed Kolko, told Axios, “This is more a big-city recession than a rural one.”
  • Research from the Indeed Career Guide indicates that remote nursing job postings have increased 392% since March. 
  • New Hiring Lab research indicates that the trend in childcare jobs in the US is slightly improving, with babysitter/nanny job postings up 24% from last year. However, daycare jobs have decreased by 24%. 
  • 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.com
    • Booz Allen Hamilton
    • G4S
    • Bed Bath & Beyond
    • VF Corporation
  • So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 19.3% lower than in 2019, as of September 4, a slight increase from last week.
  • 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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