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

December 11, 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 December 7, 2020:

• Chief Economist Jed Kolko wrote an article for the New York Times “Upshot” column, discussing where the biggest swings toward and against Trump occurred in the US.
• Economist AnnElizabeth Konkel spoke with the Associated Press about the recent rise in unemployment claims in the US. She said, “Today’s report is the first overt signal of a backward slide.”
• In a new survey report, Indeed found that 68% of U.S. workers say their job became more important than ever. Full report can be found on the Indeed Career Guide.  
• 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:
  • Allstate Insurance
  • Chase
  • Burger King
  • Bed Bath & Beyond
  • Harbor Freight Tools
• So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 11.5% lower than in 2019, as of December 4, 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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