State of the Labor Market
People are still receiving unemployment assistance
Long-term unemployed people (jobless for more than 27 weeks)
US entering 9th month of recession
*Sources: BLS, PBS
Results of Talroo’s November Job Seeker Survey
We asked over a thousand job seekers on our Talroo industry network how they are feeling about their job search.
How long have you been
searching for a job?
How many jobs have you applied for
so far in your job search?
While the most common response was “less than one month,” it’s significant to note that over one quarter of respondents have been on the job search for over 4 months.
While most job seekers have applied for 1-5 positions during their search, over 10% have applied for more than 30 jobs. That’s a stark contrast to the low-unemployment days of early 2020.
Given these numbers, it’s not surprising that nearly a third of job seekers (30%) have considered pausing their job search until the COVID-19 situation improves.
The changing labor landscape
While there are many companies that need to make hires, and plenty of job seekers that are looking for work, there is not always a match of skillset with need.
Before the pandemic consumers were...
Flying and staying at hotels
Going out to eat
Going to sporting events or plays
Now consumers are...
This new demand for goods doesn’t necessarily bode well for the economy, since the US has lost 5,000,000 manufacturing jobs since 2000.
But there are some bright spots: Amazon has used its considerable resources to upskill its workforce. 30k Amazon employees have already participated in their Career Choice program, which pays 95% of tuition and fees for skills training and credentialing with 85 educational partners, including community colleges.
*** Source: Google Trend
Labor Market Insights™
Throughout the COVID crisis, we’ve brought you some broad national and state trends based on our Insights data as well as data from other sources. In this month’s infographic, we look into job seeker activity trends, and compare urban vs. rural areas.
Despite the unemployment situation, job seeker searches are not as high as one would expect with a high unemployment rate.
*** Source: Google Trend
As we’ve discussed in prior infographics, many unemployed people have drawn CARES Act benefits, are taking care of kids at home, or have significant health concerns – all reasons that people may not be prioritizing getting back to work right away, if they can afford to wait.
Talroo’s Insights product can slice and dice data in a variety of ways, as we’ve shown in many previous infographics. This month, as the nation truly shows how divided it currently is, it seemed appropriate to compare the top 10 most Democratic states to the most Republican states.
Looks like the trends are fairly similar for both groups, with an uptick in job seeker activity in more democratic states from August to October.
The same pattern holds when we compare urban vs. rural states. While we can’t say for sure what causes the disparity, it could be that urban areas have more job opportunities available. Rural job searches have caught up in the last month however, perhaps due to increased holiday hiring.
What we can say is that “rural” and “republican” show very similar data, and “urban” and “democratic” show very similar data. As we’ve seen in the past week, Americans are on very different pages, but the job market challenges going into 2021 are similar for the entire country.
For a deeper dive
Visit our previous infographics at talroo.com/resources
*** Source: Talroo’s Insights business intelligence tool sifted through 6 billion points of data including job postings and job seeker activity from March - November 2020. Insights also provides major and minor job classification data as well as geographic data from the national level to cities and zip codes.