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

February 26, 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 15, 2021:

  • Indeed announced a partnership with Emmy Award-winning writer, creator and actor Lena Waithe and her company Hillman Grad Productions to create the ‘Rising Voices’ initiative, which will select 10 filmmakers to create short films with a production budget of $100,000 each.
  • Chief Economist Jed Kolko wrote an article for the New York Times “Upshot” column, discussing his take on the latest BLS employment projections, saying, “the pandemic has already widened existing inequalities; these new projections suggest that the unequal effect on jobs could long outlast the pandemic.
  • Indeed’s job posting data was featured in a Wall Street Journal article on the state of the labor market right now. The most recent data indicates that, “job openings in many blue-collar occupations broke above pre-virus levels last summer and remain significantly elevated.”
  • 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:
    • Tesla
    • Floor & Decor
    • Liberty Mutual Insurance
    • Kaiser Permanente
    • Wegmans Food Market
  • Job postings — a real-time measure of labor market activity — were 3.9% above the February 1, 2020, pre-pandemic baseline, seasonally adjusted, as of February 12, 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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