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

November 20, 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 November 16, 2020:

• Chief Economist Jed Kolko spoke with Yahoo Finance about the impact of the 2020 presidential election results and the red/blue divide in the US. 
• Economist AnnElizabeth Konkel spoke with NBC News about the latest in US jobless claims. She said, “Regular initial claims alone are 3.6 times higher than their usual pre-Covid-19 levels.”
• New research conducted by Hiring Lab economist Daniel Culbertson indicates that the share of part-time job postings are slightly higher than pre-pandemic times. 
• 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:
  • Nordstrom
  • The Cheesecake Factory
  • Intuit
  • Walgreens
  • Thermo Fisher Scientific
• So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 13.1% lower than in 2019, as of November 13. The trend has stalled after four weeks of slow gains. 
• 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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