Job openings fell -2.5% in Nov as the pandemic taps the brakes on hiring.
Job openings are still -10% vs. pre-crisis levels & the surging pandemic threatens further backsliding over the winter.
Latest @Glassdoor Job Market Report: glassdoor.com/research/job-m…
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Job openings are still -10% vs. pre-crisis levels & the surging pandemic threatens further backsliding over the winter.
Latest @Glassdoor Job Market Report: glassdoor.com/research/job-m…
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38% of employers reduced job openings in Nov, up from 33% in Oct & the largest share since April.
Similarly, only 30% of employers increased hiring, the smallest share since May.
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Similarly, only 30% of employers increased hiring, the smallest share since May.
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The decline in job openings is unusually geographically dispersed:
-Plains states like South Dakota & Kansas that held up well earlier are now seeing large downturns
-42 states + DC saw MoM drops—the most uniform decline since May.
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-Plains states like South Dakota & Kansas that held up well earlier are now seeing large downturns
-42 states + DC saw MoM drops—the most uniform decline since May.
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Similarly, almost every major industry group saw job openings decline in November. Healthcare was the sole exception as healthcare providers ramped up hiring to combat the third wave of the pandemic.
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As we wait on Fri's #JobsReport, the latest data showing job openings rolling over is a reminder that even though the vaccine is a light at the end of the tunnel, there's still plenty of time for more economic damage to accumulate before it gets here.
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