Job postings on Indeed are down 34% year-over-year through May 29, the company said in an analysis published June 2.
That mark is a slight improvement from May 1, when job posts on Indeed were down nearly 40% year-over-year. Similarly, the site recorded a 28% year-over-year decline in the number of new job postings, an improvement from 45% recorded May 1. But the statistical gain in new postings is due more so to a slowing trend in 2019 than to gains this year, Jed Kolko, chief economist at Indeed Hiring Lab, said in the analysis.
The downward trends are most pronounced in occupations directly impacted by COVID-19, including hospitality and tourism, Kolko said. But the pandemic has impacted job postings for other industries: software development postings are down 36%, for example, while banking and financing postings are down 51%.
