04/24/2020 Nic Gustafson

Just Released: Economic Indicator Report [COVID-19 Edition]

The first quarter of 2020 brought the impacts of novel coronavirus into sharp focus. Examining labor demand across the entire economy from a macro, sector, occupation, and geographic level, we created a COVID-specific edition of our quarterly Economic Indicators Report. This report serves as a valuable scorecard for tracking the pandemic’s ongoing impact on hiring, and includes key metrics such as total U.S. active job listings, created job listings, and deleted job listings with daily, weekly, and monthly views.

Overall, we saw a staggering 26% decrease in job listings from 1/10/20 – 4/15/20. The most significant drops occurred in March (down nearly 17% from 3/1/20 – 3/31/20) as the impact of the pandemic became widespread and the implementation of large scale shelter-in-place orders left most Americans confined to their homes. All signs point to continued declines as we head into the early portion of Q2.

For more insights and analysis, download the report now, and make sure to stay tuned as we continue to monitor labor demand in the wake of COVID-19. 

If you want to know more about the data behind this report, please contact us.

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