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US Labor Market Roundup: October Jobs Report and the Top 10 Pandemic Job Market Trends

US Labor Market Roundup: October Jobs Report and the Top 10 Pandemic Job Market Trends

FromIndications


US Labor Market Roundup: October Jobs Report and the Top 10 Pandemic Job Market Trends

FromIndications

ratings:
Length:
27 minutes
Released:
Nov 18, 2020
Format:
Podcast episode

Description

We react to the October jobs report and then discuss the Top 10 Pandemic Job Market Trends. The U.S. economy and labor market are experiencing a very unusual recession. As the fallout from COVID-19 continues, we identify the biggest trends involving the U.S. job market that business leaders should be aware of. Join our panel of economists from The Conference Board—Gad Levanon, Vice President Labor Markets, Elizabeth Crofoot, Senior Economist, and Frank Steemers, Economist—as they explain the following critical COVID-induced trends: 1. After a summer hiring sprint, job gains are slowing 2. It is still difficult to find qualified workers 3. People are leaving the labor force 4. Goods and services have switched places 5. A k-shaped recovery is playing out in labor metrics 6. Salary cuts and wage bifurcation are likely to continue 7. Remote work is now en vogue 8. City centers are in deep recession 9. The coasts shouldered the brunt of job cuts 10. Large metro areas and vacation destinations were hardest hit Related reading: Gad Levanon, “The Top 10 Pandemic Job Market Trends,” Forbes, October 19, 2020. https://www.forbes.com/sites/gadlevanon/2020/10/19/the-top-10-pandemic-job-market-trends/#460a921b610b
Released:
Nov 18, 2020
Format:
Podcast episode

Titles in the series (99)

A serious conversation on the global economy grounded in the data, insights, and outlooks you need to stay ahead of the curve in business and beyond. The Conference Board is a leading think tank and non-profit business membership group that's been at the vanguard of navigating economic change since 1916. Our research ushered in the 8-hour workday; shaped policy during the Great Depression and both world wars; and facilitated the inclusion of women, minorities, and the disabled into the workforce. Indications puts our forward-thinking—and roster of leading thinkers—to bear on today's most pressing challenges: from global growth and competitiveness to human capital, sustainability, corporate governance, and more.