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

January 29, 2021 —  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 January 18, 2021:

  • Indeed announced its first-ever Super Bowl advertisement, which aims to provide hope for job seekers during the pandemic. Indeed VP of Global Brand and Communications, Jennifer Warren, spoke to Ad Age this week, saying, “This year, it made more sense than ever for us to join the Super Bowl.”
  • Chief Economist Jed Kolko spoke with Bloomberg about the increase in remote job postings in the US. “On the site Indeed, the share of U.S. listings that mention “remote work” or similar terms more than doubled to 5.8% in December 2020 from 2.8% the year before.”
  • Indeed.com/LEAD found that 70% of employers predict their businesses will grow in 2021, according to research released in “2021 Forecast: A Look at Employer Optimism
  • Economist AnnElizabeth Konkel spoke with the Wall Street Journal about jobless claims in the US, saying, “Covid hasn’t let up, and it’s still creating massive amounts of economic havoc.”
  • In light of the 2021 Presidential inauguration, Indeed’s Career Guide shared tips for succeeding in your first 100 days in a new job.
  • 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:
    • EY
    • Lincare Healthcare
    • Nordstrom
    • Lowe’s
    • Deloitte
  • Job postings — a real-time measure of labor market activity — were 0.3% above the February 1, 2020, pre-pandemic baseline, seasonally adjusted, as of January 22, 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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