Finally, May job postings pulled out of a seven-week nose dive. Weekly new job postings were, on average, up 134% from mid April, which was when new job postings (for now) officially bottomed out at 34% below the January/February average. By comparison, May’s new job postings by the third week were only 11% below the January/February average. So while there’s still a ways to go to match pre-COVID levels, May job postings were indeed on the rise.
Last month, Emsi released the Health Risk Index, a free resource to help policymakers better understand where and why COVID-19 has spread. In an effort to further customize the index for local responses to COVID-19 (or any similar health crisis), we are releasing a new County Health Risk Index. We first made this data available […]
While economic impacts such as skyrocketing unemployment claims and a nosediving stock market came on rapidly, there are many ripple effects of Covid-19 that will be felt over time. As we move further away from the epicenter of restrictions and closures, some of those ripple effects are beginning to show. The Hospitality industry is being hit hard, and provides a staggering example of the interconnectedness of our economy across industries. In its weekly Data Download segment, Meet the Press recently highlighted how the pain in the hospitality industry is felt in other sectors as well.
In mid March, every major and minor US sporting event was canceled or postponed. This surreal move impacted approximately 1.3 million sports jobs in the US: furloughed, reduced, or erased. By mid June, sports occupations could also lose a total of $12.3B in earnings. That’s an average of $133.4 million in earnings every day, or $92.6K every minute.
What skills do you need to work at top U.S. companies like Amazon, Apple, ExxonMobil, and Walmart? Emsi analyzed millions of online job postings to see what skills these companies want and how they’ve changed over time. Hint: communications is a popular one.
As COVID-19 accelerates the shift towards education that is skill-specific and work-relevant, institutions that adapt to the evolving needs and preferences of learners will have the best chance of maintaining strong enrollment. That’s why we created SkillsMatch. In this webinar, Emsi product manager, Lendl Meyer demonstrates how institutions can use SkillsMatch to engage current and prospective learners with skill-based recommendations for education and work.
In a recent article highlighting the economic dimension of town-gown relations, the Wall Street Journal used Emsi’s economic impact model to answer the question: “How would a college town’s economic activity change if the local university did not exist?” In this post, we take a deeper look at the impact analysis behind the story.