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

June 26, 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 June 22, 2020

• SVP of Global Human Resources, Paul Wolfe, spoke with CNBC about ways that job seekers can showcase their relevant or newly acquired skills to best stand out to employers.
• Chief Economist Jed Kolko released new research to explain why job postings have fallen more in large, rich metros in the US. 
• VP of Diversity, Inclusion, & Belonging, LaFawn Davis, spoke at this year’s virtual (Not IRL) Pride Summit. She participated in two sessions to discuss ways to make work a place where black employees can thrive, and the next steps to come from the Black Lives Matter movement. 
• Research Director Nick Bunker spoke with the Wall Street Journal about the state of unemployment in the US. 
• Indeed released a report on Lead with Indeed to outline the impact of COVID-19 on Generation Z workers, and how employers can adjust their hiring/retention strategies to reflect the recent changes in the workforce. 
  • Lead with Indeed launched this month to provide employers, recruiters and leaders with resources to help rebuild hiring. 
• 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:
  • Amazon
  • Dollar General
  • Advance Auto Parts
  • Chili’s
  • Lowe’s
  • Arby’s
• So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 29% lower than in 2019, as of June 19, the seventh week of gradual 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.