The rate of decline in job ad volume has slowed compared to early March, but the weekly contractions have continued unabated. For the two-week period beginning March 29, online ads were down 43% compared to the two weeks beginning February 23.
You know that online job ads are decreasing. But how did they compare to last month? Last year? How will you know when they pick back up again? JobsEQ RTI's new time series feature answers these questions and more.
Workers with lower education levels are being hurt more during the coronavirus crisis, as indicated by online job ads trends. Meanwhile, the overall number of new job postings has continued to be low, though certain occupations remain in high demand.
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.