In June, new job postings continued a somewhat jerky recovery back up towards pre-COVID numbers. By the fourth week of June, they were just 3% percent below that of the weekly average of January/February 2020. This put new job postings a full 33% above the bleak Mariana Trench that was April 13, and 15% above the fourth week in May.
The world changed overnight and so did business as we knew it. As a leading provider of labor data analytics, we want to help staffing firms ADAPT and GROW in this new environment.
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.