Job postings continue to increase but at a slower rate, according to the employment website Indeed.
On July 16, the rolling 7-day trailing average for job postings on the site was 36.5% higher from its Feb. 1, 2020, pre-pandemic baseline on a seasonally adjusted basis, Indeed Hiring Lab, the website’s research arm, said in a report Wednesday. But the postings, which can indicate trends in labor activity in real time, increased in May, June, and July at a slower pace than in March and April, as the chart below shows.
When the pandemic hit in March 2020, U.S. states and territories shut down businesses and ordered people to stay at home to slow the spread of COVID-19. Millions were suddenly out of work, but since then, with vaccines widely available and the economy reopened, available jobs have surged and employers are desperate to hire. Job postings in almost all sectors are above the pre-pandemic baseline, led by loading and stocking, manufacturing, and construction. Human resources jobs are also far above baseline, as employers eager to hire seek experts to help them do so. Jobs in hospitality and tourism and beauty and wellness, which were among the hardest hit during the pandemic, continue to lag.
Job listings growth also has lagged in areas of the country with higher vaccination rates. In metros where more than 60% of adults were fully vaccinated as of June 28, job postings were 28% above the pre-pandemic baseline, versus 42% where fewer than 50% of adults were fully vaccinated.
“High vaccination metros tend to be larger and have more jobs in sectors where people can work from home—both of which have been associated with slower growth in job postings throughout the recovery,” Indeed said. “Since vaccines became widely available in late spring, job postings have increased at a similar rate in low, medium, and high vaccination metros.”
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