Long-term unemployment is rising, but hiring in select industries has already recovered to pre-pandemic levels
- As industries start to slowly recover from employment losses in the spring, some are hiring more than they were before the pandemic.
- Axios' Erica Pandey recently highlighted three of these industries based on job posting data from Indeed.
- With a rising number in Americans who have been unemployed for at least 27 weeks, there are potentially many people who will be job seeking this fall.
- Per Axios reporting, job postings in driving are 11.1% higher than that in February, and construction jobs are 6.7% higher.
- Strong housing starts and housing demand for new homes could be contributing to the need for more workers in the construction sector.
- Pandey notes that this can also be due to people remodeling as many are spending more time at home.
- Beauty and wellness jobs are one of the in-person sectors that are seeing job hiring around their pre-pandemic level. This group includes hair salons where many businesses have reopened since lockdowns were lifted.
- According to the latest hiring report from Indeed, loading and stocking is one of the sectors above hiring from last year, with hiring up almost 10%.
- This could be because the industry sees a large share of seasonal hiring compared to the last two years and compared to other selected industries.
- Similar to the varying rebound in job postings, the employment recovery also varies among industries.
- According to Indeed's year-over-year data, job postings show the opposite of what is happening to employment; high-wage job postings are down the most, while employment in high-wage jobs, such as financial ones, are around their pre-pandemic levels.
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