28 min listen
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)
C-Suite Challenge™ 2020: The View of Risks and Opportunities in 2020: Co-authors Ilaria Maselli, Senior Economist for Europe at the Conference Board and Chuck Mitchell Executive Director, Knowledge Content & Quality at the Conference Board, discuss the findings of our latest C-Suite Challenge report. This report is... by Indications