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

May 21, 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 May 18, 2020: 

  • Indeed released its ninth pulse survey on how American workers are handling concerns around the pandemic. As states have begun to open up, worker concerns are also up, in areas of finances and losing their jobs. 
  • Only 2.7% of job titles on Indeed are growing faster than last year’s trend, found Indeed Research Director Nick Bunker in his latest research which finds a universal decline across job postings.
  • The number of US unemployment insurance claims is now over 38 million, after 2.4 million Americans filed this week.  Nick Bunker offered his thoughts to CNN.
  • Despite the dire unemployment claims, 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:
    • Allstate Insurance 
    • Amazon
    • Apple
    • Chipotle Mexican Grill 
    • Chili’s
    • Wells Fargo
  • So far in 2020, the trend in job postings, a real-time measure of labor market activity,  is 37% lower than in 2019, as of May 15, the second 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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