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The @indeed job-postings tracker is back!
Job postings on 1/22/21 were 0.3% above the 2/1/20 pre-pandemic baseline, seasonally adjusted.
FIRST -- here's how we changed the methodology ...
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https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
Job postings on 1/22/21 were 0.3% above the 2/1/20 pre-pandemic baseline, seasonally adjusted.
FIRST -- here's how we changed the methodology ...
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https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
... we are now comparing level of job postings with level on 2/1/20, the pre-pandemic baseline, seasonally adjusted. Previously, we compared YTD trend since 2/1/20 with YTD trend since 2/1/19. All historical data have been revised, and we are publishing a consistent series.
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Job postings have improved since the low point in early May 2020. After rapid improvement in May, June, and July, recovery slowed by more than half starting in August.
https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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Jobs supporting the stay-at-home economy are ahead of the pre-pandemic baseline, like loading & stocking and construction. But hospitality & tourism job postings are still 40% below baseline.
https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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Since the current virus surge started in the autumn, job postings in in-person sectors like food prep and beauty & wellness have stalled. But higher-wage finance and tech jobs have picked up as longer-term economic confidence as grown.
https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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Job postings remain down most in Honolulu, San Jose, and San Francisco. But all of the hardest-hit metros have seen notable growth in job postings even during the current virus surge (starting October).
https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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The pandemic has been a big-city recession, with larger metros still below baseline job postings. Larger metros have more work-from-home jobs like tech and finance, and therefore less traffic to in-person local businesses.
https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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The economy won't recover fully until the virus is behind us. But job postings have recovered _more_ in places where the current surge has been most severe. The local job mix, not local cases/deaths, determine which local economies have suffered most.
https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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We'll be using this new methodology going forward. More details in the blogpost note. 1000x thanks to @AE_Konkel @TaraSinc and rest of the Hiring Lab team -- and watch for the new improved tracker in several other countries very soon!
https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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https://www.hiringlab.org/2021/01/27/job-postings-through-jan-22/
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