COVID-19: WHO’S HIRING.
WHO’S LOOKING.
The job market in March and April 2020 was tumultuous, and not only in ways we expected. Job seeker trends were holding steady, but changed quickly after the first CDC recommendations. Larger-than-normal unemployment benefits reduced job seeker demand. Work-from-home, warehouse, and healthcare hiring is more active than before the crisis.
Job Postings
of states saw a decrease in job postings since the Covid-19 pandemic began. 28% of states saw a decrease of more than 50%.
The States with the biggest
decreases in job postings:
| New York NY | -58% | +16%Warehouse |
| Illinois IL | -57% | +59%Warehouse |
| Texas TX | -48% | +78%Caregiving |
| California CA | -47% | +300%Warehouse |
Job Seeker Clicks
100% of states saw a decrease in job seeker clicks (job ad activity). Biggest drop in job seeker clicks were in these categories:
1. Hospitality
2. Construction
3. Automotive
4. Administrative
Biggest change was in California:
| -69% | Hospitality |
|
| +58% | Warehousing |
|
*Talroo Insights Data Feb 2020 vs. Apr 2020
Warehouse &
Logistics on the Rise
*Feb 2020 vs. Apr 2020
Top companies currently
hiring Warehouse positions:
*Talroo Insights Data Apr 2020
The Epicenter:
New York City and
its Unique Economy
Nearly
9 Million People
US Census Bureau
Pre-Covid,
New Yorkers Spent
$8,082 PER YEAR
On food outside the home, including take-out.
This is 130% the national average.
Restaurants
Restaurant
Jobs Pre-Covid
Sources:
Independent Budget Office, CBRE,
NY State Dept. of Labor
Job seeker searches
decrease
in these categories:
| -90% | Food Service |
| -76% | Construction |
| -71% | Facility Maintenance |
| -66% | Lodging/Resort/Travel |
Job seeker searches
increase
in these categories:
| +52% | Warehousing |
| +42% | Social Service |
| +24% | Healthcare |
| +18% | Electronics |
*Talroo Insights
April 1st - 20th 2019 vs. April 1st - 20th 2020
Unemployment Rates & Demand Change:
March - April 2020
Specific sector rush on workers (healthcare, warehouse & logistics) as pandemic fears grow and unemployment rises. Unemployment claims spike, yet job seeker activity slows with fewer employers hiring combined with Covid-related government payouts.
Pre-Pandemic
Unemployment Claims
Job Seeker
Search Activity
February 29th: First reported US death
Job searches in Talroo’s network stay the same for most industries, but healthcare job searches go up week over week: allied health by 47%, nursing by 32%.March 15th: CDC recommends social distancing and restrictions on gathering
Clicks on warehouse and retail jobs in Talroo’s network increase by 103% as the restaurant industry starts to falter.March 27th : CARES Act Stimulus Bill approved
With government relief on the way, job seeker searches drop by 20% across all industries – even healthcare and warehouse, which are still hiring.April 2nd: March unemployment claims top 10M (BLS)
As global Coronavirus cases top 1 million, job postings and job searches decrease across Talroo’s network, especially in education, IT, and nursing. There’s one exception: postings for remote work go up 2x.April 15th: First stimulus checks and increased unemployment benefits hit
Americans making less than 70k start to see their $1200 checks deposited in their accounts, and for those on unemployment, expanded benefits start to hit – up to $600 per week.April 19th: Protests against stay-at-home-orders begin at various state capitols.
Restless crowds fear that restrictions are hampering the economy and suppressing unemployment unnecessarily.May 1st: Texas begins phased reopening of businesses
The Lone Star State joins Georgia on the front lines of reopening, allowing restaurants, malls, and movie theaters to operate at 25% capacity.Job seeker activity is less than before the pandemic, even with unemployment claims mounting; the week-ending May 3 shows a reversal from the prior 4 weeks of job search trends as some states begin easing restrictions.
Cumulative
Unemployment
Claims
Job Seeker Search
Activity
for
March - April 2020
Source: Talroo Insights Data unless otherwise noted
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