After nearly a year into COVID-19 lockdowns, job trends are starting to look up. According to Greenwich.HR’s labor market intelligence, the amount of new job listings in the U.S. is up 50 percent higher than one year ago.
Businesses across all industries have ramped up hiring and demand is up significantly in the healthcare, supply chain, and services sectors. The surge in job listings started in early January, and we predict that they will continue to rise over the next couple of months.
“In January we predicted the strong uptick in job listings would start showing up in the February report,” said Cary Sparrow, CEO of Greenwich.HR. “With year-over-year hiring rates up by 50 percent, businesses are sending a clear signal they’re pushing into the recovery. Even the industries hit hardest by the recession like hospitality and entertainment are showing strong improvement over a couple of months ago.”
This data is particularly significant because U.S. lockdowns began in mid-March 2020. As we wrap up the first quarter of the year, we’re happy to predict that these trends will continue to steadily rise.
Check out our article on Yahoo Finance here: https://finance.yahoo.com/news/us-job-advertisements-are-up-50-percent-over-pre-pandemic-levels-214142933.html?guccounter=1
For more information on the job market throughout the pandemic, visit https://covidjobimpacts.greenwich.hr/.