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

November 13, 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 November 9, 2020:

  • SVP of Global Human Resources Paul Wolfe spoke with the Wall Street Journal about Indeed’s “You Day” program and the importance for employees to “disconnect and recharge.”
  • Paul Wolfe spoke with CNN Business about what to expect when switching to a permanent remote working arrangement. 
  • Chief Economist Jed Kolko wrote an article for the New York Times “Upshot” column, discussing the economic divide between red and blue states after the US presidential election.
  • Economist AnnElizabeth Konkel spoke with CNN Business about unemployment claims in the US. She said, “It is good that initial claims have dipped slightly, but this is still not enough progress.” 
  • Indeed’s Career Guide released survey findings that indicate 50% of remote workers miss their daily commute to the office. 
  • 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:
    • FedEx Ground
    • Booz Allen Hamilton
    • EY
    • CommuniCare Health Services
    • Thermo Fisher Scientific
  • So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 13.0% lower than in 2019, as of November 6, another week of 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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