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 US economy lost 701,000 jobs last month, and the unemployment rate is at 4.4%, up from 3.5% in February.
Data on the labor market shows significant turmoil for the US economy, but the March jobs report won’t fully capture the damage done so far.
Job seekers react to news of increased hiring plans.
Despite increased interest from job seekers in recent weeks, job postings advertising remote work remain relatively unchanged.
Prior to the coronavirus shock, the US labor market was quite strong. Demand for workers was slowing down, but still relatively robust.
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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