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

October 23, 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 October 19, 2020:

  • Paul Wolfe hosted a Town Hall segment with ABC7 News in New York to discuss job search during COVID-19 and the Indeed Virtual Hiring Tour.
  • Chief Economist Jed Kolko’s new report explores how adults in the US have changed their views on a number of economic issues since the pandemic began. He shared his results with US News & World Report, saying “Perceptions of the economy have plummeted since early March.”
  • This week, the Indeed Virtual Hiring Tour hosted over 3,500 virtual hiring events in the US Northeastern region. Over 880 employers participated with over 7,500 open roles to fill. 
  • Senior Director of Social Impact Abbey Carlton wrote a byline about overcoming hiring bias to find great talent. 
  • 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:
    • AutoZone
    • UPS
    • Taco Bell
    • Walgreens
    • Intuit
  • So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 15.3% lower than in 2019, as of October 16, showing a small improvement from the previous 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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