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Yahoo Finance Plus Companies Are Hiring Again – Job Listings Surge This Week To Near Pre-Lockdown Levels
Online job listings have surged this week to levels not seen since early March, according to labor market intelligence firm Greenwich.HR. Total US job listings as of June 9 are now only 8.9 % below the levels seen on March 1, compared to 34.4% below a week prior. Hiring demand in retail, transportation, warehouse, construction, and services are now within 10% of the March 1 levels.
‘We were very pleasantly surprised to see how quickly companies are increasing their hiring levels in response to reopening policies,’ Says Cary Sparrow, CEO of Greenwich.HR. ‘All industries across all states are seeing a sudden increase in hiring levels. This also indicates that companies are needing to reach beyond just former and furloughed employees to meet their staffing needs.’
‘The situation is changing very rapidly,’ according to Nicholas Garbis, Vice President of People Analytics Strategy at business intelligence firm OneModel. ‘Throughout May, companies were re-evaluating their hiring strategies, and many are limiting their hiring of full time staff where possible. But this week’s data suggests the reopening policies are giving many companies confidence to begin hiring again.’
The increase in hiring levels is seen across all states, including those hardest hit by COVID-19 cases and social distancing policies. Job listings in California, for example, have increased 33 percent in the last week, and in New York, new job listings are up 28%.
Hiring statistics are based on daily tracking of new online listings for US job openings.
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