The economic contraction that is expected this year is the result of a pandemic crisis rather than economic weakness or imbalances that usually precede recessions.
Despite not having the infection levels seen in other large states, last week Ohio had the largest drop in online job ads. In this blog we are exploring Ohio further, to investigate the effect of coronavirus on online job ads at the county level and the variation in impact.
Throughout March, ad volume in the United States dropped week to week. Volume in the fourth week of March (3/22 to 3/28) was 38% lower compared to four weeks earlier.
In this blog we are looking at the impact COVID-19 has had on California, Texas, New York, Ohio, Washington, and Arizona. Chmura has been monitoring the impact the pandemic has had on real time job ads with JobsEQ RTI.
We are very conscious that we are one small actor in a giant sea of generosity, but we are committed to helping our customers and the general public weather the storm.