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

December 4, 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 30, 2020:

  • Chris Hyams appeared on CNN International’s “Quest Means Business” show to discuss labor market trends. 
  • Chief Economist Jed Kolko released a Hiring Lab report to highlight a market review of 2020 and outlook for 2021.
  • Hiring Lab Research Director Nick Bunker spoke with the New York Times about recent labor market trends, saying, “While the trend in jobs postings has continued to pick up, the pace of improvement is slower than it was.”
  • Jed Kolko appeared on Bloomberg TV to discuss the latest US jobs report, saying, “Restaurants and retail might be able to reopen and rehire pretty quickly, but even with a vaccine, there are other services sectors that will take longer to recover.”
  • 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:
    • Apple
    • Bed Bath and Beyond
    • Nordstrom
    • Intuit
    • Walgreens
  • So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 11.6% lower than in 2019, as of November 27, as slow improvement continued. 
  • 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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