We regularly update this report to track the pandemic’s effects on the labor market. Our methodology changed at the start of 2021, as explained in the methodology note at the end of the post.
Job postings on Indeed are a real-time measure of labor market activity. On March 12, 2021, they were 8.6% above February 1, 2020, the pre-pandemic baseline, after adjusting for seasonal variation. That’s a notable gain from a week earlier, when postings were 6.7% above the baseline. Postings improved over the past week at a faster rate than during the summer 2020 rebound, when postings rose by an average of 1.6 percentage points per week.
Job postings plunged in March and April 2020 to a low of 39% below the February 1, 2020, baseline. Job postings returned to the baseline on January 20, 2021, but that does not mean the labor market has fully recovered. Other measures of labor market health, like payroll employment and the headline unemployment rate, remain substantially worse than pre-pandemic. For employment to recover completely, job postings will have to remain above the pre-pandemic baseline for an extended time. Finally, in some sectors and metros, job postings are far below the pre-pandemic baseline.
Big rebound in health-care jobs, but hospitality lags
Job postings have fallen most in occupations directly affected by the coronavirus. Hospitality & tourism postings are still down more than one-quarter below the February 1, 2020, baseline. Two sectors affected by virus surges and shutdowns — education and beauty & wellness — also lag.
Pharmacy postings have increased substantially as vaccines roll out. Nursing and medical-technician jobs are also well above the pre-pandemic baseline. So are jobs in goods-related sectors like loading & stocking, construction, and manufacturing.
Childcare job postings have recovered in recent weeks, and human resources job postings are also above the baseline — hinting at more hiring to come.
Metros where job postings have declined most
Within the US, job postings are down most in metro Honolulu, San Jose, and San Francisco. But job postings have improved in nearly all regions of the country. Only 11 of the 110 metros with at least half a million people remain below the pre-pandemic baseline.
Job postings fell more initially in travel and tourism destinations. Job postings have rebounded more slowly in metros where a higher share of jobs can be done from home. In high work-from-home metros, postings in retail, restaurant, and personal-services jobs suffered. Postings in these metros are still 5% below the pre-pandemic baseline.
The pandemic has been especially severe in bigger cities. But — finally! — job postings in the largest metros are slightly above the pre-pandemic baseline.
We host the underlying chart data on Github as downloadable CSV files. Typically, it will be updated with the latest data one day after this blog post was published.
All figures in this blogpost are the percentage change in seasonally-adjusted job postings since February 1, 2020, using a seven-day trailing average. February 1, 2020, is our pre-pandemic baseline. We seasonally adjust each series based on historical patterns in 2017, 2018, and 2019. Each series, including the national trend, occupational sectors, and sub-national geographies, is seasonally adjusted separately. We adopted this new methodology in January 2021 and now use it to report all historical data. Historical numbers have been revised and may differ significantly from originally reported values.
This blogpost is based on publicly available information on the Indeed US website and any other countries if named in the post. Unless specified otherwise, it is limited to the United States, is not a projection of future events, and includes both paid and unpaid job solicitations. US Armed Forces job postings are excluded.