After a five-month dip, new online job ads surpassed pre-COVID levels in August. Though the lack of demand in higher-wage occupations has continued, this may be tied to fewer separations in recent months.
Hiring demand—exemplified by new online job ad volume—continued its recovery through July but remained lower than pre-COVID levels, especially in certain occupation groups and areas of the country.
All states have improved compared to where they were early in the pandemic, but similar to the national level, the recovery appears to have paused recently.
Knowing which occupations can be performed remotely—that is, by working from home—is valuable for understanding the future of labor force supply in the post-COVID economy.
While new job ad volume has improved compared to the heart of the coronavirus lockdown in early Spring, recent volume in the nation still trails pre-COVID peaks.