The rate of decline in job ad volume has slowed compared to early March, but the weekly contractions have continued unabated. For the two-week period beginning March 29, online ads were down 43% compared to the two weeks beginning February 23.
Workers with lower education levels are being hurt more during the coronavirus crisis, as indicated by online job ads trends. Meanwhile, the overall number of new job postings has continued to be low, though certain occupations remain in high demand.
Job ads have plummeted in the United States over the past several weeks due to the coronavirus outbreak. Trends, however, are pointing to areas of growth in the economy as well as areas of high stress.
The U.S. economy is being seriously disrupted by the COVID-19 outbreak. Chmura is here to keep you informed. Our data are already indicating a slowing in hiring, especially in lower wage jobs in retail, food services, and hospitality.