This month we’re taking a step back from our usual monthly stats to share an annual review of our job market data. Here are the highlights from 2020:
2020 year in review
- Jan–Feb: Life as normal, job listings increased by 136,324 (5%)
- March 1–May 13: Job listings decreased by 781,124 (-27%)
- May 14–Nov 21: Job listings increased by 519,593 (67% of those lost)
- Nov 22–Dec 31: Job listings decreased by 94,900
Drilling down to the state level, surprisingly nearly 50% of states saw relatively minimal change overall in 2020 (between -5% and 5%). While we may be left with the memory of the -24.43% drop we saw in the Q2 2020 LinkUp Economic Indicator Report, many states have made up that ground.
Trending and changing occupations
The pandemic significantly altered the occupational landscape in 2020, demanding more workers in some occupations and less in others. We’ve seen some strides toward recovery, but overall most occupations have experienced decline since COVID struck.