Competition for tech jobs is up and workers could lose bargaining power.
The trend in job postings was 24.7% lower than in 2019 as of July 3 — the ninth straight 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 trend in job postings was 27.5% lower than in 2019 as of June 26 — the eighth straight week of gradual improvement.
A rise in more permanent forms of unemployment would mean the economy is far less likely to bounce back quickly.
In places where more people can work from home, like tech hubs, job postings have declined more than in tourism destinations.