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

January 14, 2021 —  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 January 11, 2021:

  • CEO Chris Hyams spoke at Reuters NEXT Summit, where he discussed the pandemic’s impact on jobs, the future of work, and virtual interviewing technology. 
  • Chief Economist Jed Kolko spoke with Marketplace about the trends in job postings on Indeed as it relates to the pandemic. He said, “Recovery is not happening as quickly as it had been earlier in 2020.”
  • Hiring Lab Research Director Nick Bunker spoke with the Wall Street Journal about the latest jobs report, saying, “Some employers in higher-wage sectors such as software development and finance are holding back on posting new jobs due to an uncertain outlook.”
  • New research released on Indeed.com/Lead revealed the effects that the pandemic has had on employees’ workplace confidence. 
  • This week, Indeed launched Resume Services by Indeed, which includes the following services: Instant Resume Report (free), Resume Review by a professional resume writer ($19), and Resume Rewrite by a professional resume writer ($89). Read more about Resume Services by Indeed here.   
  • 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:
    • Spectrum
    • KinderCare Learning Centers
    • Northwestern Medicine
    • Intuit
    • Pizza Hut
  • So far in 2020, the trend in job postings, a real-time measure of labor market activity, was 10.6% lower than in 2019, as of December 31, 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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