Nick Bunker is the Economic Research Director for North America at the Indeed Hiring Lab who focuses on the U.S. labor market. He was previously a Senior Policy Analyst at the Washington Center for Equitable Growth, an economics think tank. Prior to that, Nick was a Research Assistant at the Center for American Progress. He holds a B.S.F.S. in international economics from Georgetown University.
The line between being on temporary layoff and permanently losing a job is thin.
The trend in job postings was 22% lower than in 2019 as of July 17 — the eleventh week of gradual improvement.
The US economy gained 4.8 million jobs last month, and the unemployment rate is at 11.1%, down from 13.3% in May.
The Indeed Hiring Lab is an international team of economists who provide insights that help drive the global labor market conversation.
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