A major jobs site shows openings down 20% since last year — with high-paying jobs down the most
- Job openings on the
careerssite Indeed are down 20.2% since 2019, per Indeed, which cited data from US job openings on its site.
- Openings had plunged 39.3% on May 1, during the height of the coronavirus stay-at-home order many states mandated.
- Job growth has picked back up slowly since then, except for the last two weeks, when cases continued to surge.
- Though Indeed found a significant rebound in
jobsin the bottom third of job occupation wages — low-paying work like retail and food service — higher-paying jobs have been slower to recover. High-wage job openings are down 27% compared to last year, while low wage jobs are down 13%.
- Job openings in high-paying industries like finance and software development are down 34.5% and 32%, respectively, in 2020.
- Indeed also found that middle-class jobs now have less potential for long-term growth.
- Jed Kolko, chief economist at Indeed, recently tweeted that "middle-wage jobs," or those with a median salary in the second, third, and fourth quintiles, have slower potential for growth than very high- and very low-paying work.
- Using data from the Bureau of Labor Statistics, Kolko found the sales and administrative support sectors will reduce jobs in the next 10 years.
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