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

February 12, 2021 —  Biweekly, Indeed shares the latest information on the impact COVID-19 is having on the labor market, job seekers and employers.

Here’s what has happened since February 1, 2021:

  • Indeed’s new ad aired during the Super Bowl in the first quarter of the game. Forbes, CBS News, Ad Age, and others, gave the commercial positive reviews. Indeed’s Super Bowl commercial was mentioned in over 100 news articles do-date. 
  • Chief Economist Jed Kolko spoke with the Wall Street Journal about the current state of job postings on Indeed, and shared data that shows job openings in technology and finance have picked up. He said, “I think those are sectors that hire based on where they see the economy going longer term.”
  • Hiring Lab Research Director Nick Bunker spoke with NPR’s “The Indicator from Planet Money” podcast about the latest US jobs report, saying, “That is worse than the absolute depths of the Great Recession.”
  • Indeed.com/LEAD released an updated research report that reveals employer and job seeker “ghosting” trends are on the rise in the US amid the pandemic. In fact, 57% of employers believe job seeker ghosting is worse than before COVID-19.
  • Indeed Career Guide released a list of companies that value diversity and inclusion that are hiring now. 
  • 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:
    • Chase
    • Salesforce
    • Burger King
    • Lowe’s
    • Host Healthcare
  • Job postings — a real-time measure of labor market activity — were 0.7% above the February 1, 2020, pre-pandemic baseline, seasonally adjusted, as of January 29, 2021.
  • 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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