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.
Job search declined in August from a month earlier, but the drop-off was concentrated almost exclusively among already-employed people.
Job openings once again hit a new all-time high and were 56% above their pre-pandemic level.
Employment slowed in COVID-sensitive industries, such as leisure and hospitality.
There is roughly one unemployed worker per job opening.
Labor market is gaining momentum, but Delta variant poses risk to pace of progress.
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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