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In this blog, we compare COVID-19 Economic Vulnerability Index to real-time online jobs data. The result? Overall, the decline in job ad volume follows our Vulnerability Index very closely,
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.
You know that online job ads are decreasing. But how did they compare to last month? Last year? How will you know when they pick back up again? JobsEQ RTI's new time series feature answers these questions and more.
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.