How has the labor market shifted since the appearance of COVID? Which occupations have been impacted? Which skillsets and certifications have seen increases or decreases in demand?
After a five-month dip, new online job ads surpassed pre-COVID levels in August. Though the lack of demand in higher-wage occupations has continued, this may be tied to fewer separations in recent months.
Hiring demand—exemplified by new online job ad volume—continued its recovery through July but remained lower than pre-COVID levels, especially in certain occupation groups and areas of the country.
Knowing which occupations can be performed remotely—that is, by working from home—is valuable for understanding the future of labor force supply in the post-COVID economy.