We’re living in uncertain times due to the coronavirus pandemic, so trying to get a firm grasp on trends can be hard in this rapidly changing environment. What may be a trend today may not be a trend tomorrow, but either way, we’re here to cover the trends and keep you informed.
Trends for March
With all that being said, we’re going to focus on trends that are shaping the hiring landscape in the COVID-19 era. The last few months have been rough for employers and employees alike. New information from iCIMS reveals just how bad it was for hiring.
According to iCIMS’s Monthly Hiring Indicator (MHI), which gathers data from its database of more than 75 million applications, U.S. hiring in March dropped 5.3% before seasonal adjustments and 13.7% after. Job openings were also down, but the dip was less significant, posting a 0.6% decrease before seasonal adjustments and 3.3% after. Additional findings include:
Most sectors that iCIMS tracks saw drops in hiring before seasonal adjustments, except a small pocket of growth (0.6%) in manufacturing for the second consecutive month as domestic manufacturers responded to shifts in consumer demand, as well as supply chain disruptions.
The professional and business services sector still saw a gain in new job openings: a 4.2% increase before seasonal adjustments and 2.3% after. Retail trade also saw a 13.5% jump in new openings before adjusting for seasonality.
- Education and health services struggled again to fill frontline roles in March, with a nonseasonally adjusted 4.0% decline in new hires (-4.5% after seasonal adjustments), though it is expected to see growth in this sector over the next few months.
- The New York City and Miami metropolitan areas saw the sharpest decline in hires and new job openings, as tourism and travel were rapidly put on hiatus.
- In the New York City/Newark area, hires declined 6% before seasonal adjustments and 14% after. New openings declined 13% before seasonal adjustments and 12% after.
The Miami area saw hires decline 23% before seasonal adjustments and 26% after. New openings declined 15% before seasonal adjustments and 11% after.
Still, there were pockets of growth in the following metropolitan areas:
- Philadelphia (26% increase before seasonal adjustments and 8.6% after)
- Phoenix (3.4% increase before seasonal adjustments and 2.0% after)
- Seattle (8.3% increase before seasonal adjustments)
As we know, things did not improve much in April. Read more here…
Source: HR Daily Advisor