The US economy received some good news coming out of June. Despite dealing with the mounting layoffs and furloughs from the Coronavirus, 4.8 millions jobs were added.
That’s welcome news, especially where home sales are concerned. Many areas saw a rise in the number of homes sold in June.
Numbers vs Economy
Two key federal measurements showed our country struggling to hire back the more than 20 million workers who lost their jobs in March and April.
Economists called the 4.8 million jobs added encouraging, saying they were a sign that the massive financial incentives that Congress passed appeared to have succeeded at stanching even greater job loss.
The strong month of job gains was driven by robust hiring in the leisure and hospitality sector, with 2.1 million additional jobs added. These accounted for about 40 percent of the total gained for the month. Food services and drinking establishments saw their payrolls swell by 1.5 million people, but they still remain 3.1 million lower than before the pandemic.
Where Are the New Jobs?
Job seeking has surged back to pre-pandemic levels. While hiring has just started to recover, there’s substantial and growing demand for a number of jobs.
Learning about the hottest jobs can be crucial for employers and compensations decisions. Employees looking to be hired need to understand their competition. This can help manage expectations and know where the most desired jobs lay.
New LinkedIn data on job postings from the past month shows how employers are prioritizing a broad mix of roles. Frontline jobs, now recognized as essential to operational roles, can help bring businesses back on track.
The most in-demand jobs overall include frontline roles responding to COVID-19
Nurses, drivers, and retail and food service workers have always been essential. The pandemic has made their importance even more obvious on the economy, as this list reflects.
One of the most sought-after roles on the market has not changed since before the pandemic. That is the software engineer. Software engineers boast skills sets that drive everything in our tech-driven culture. You’d be hard-pressed to find an industry that doesn’t have a technological component to it.
Software engineers write and speak the language of that technology.
The Most In-Demand Jobs
Here are the roles that had the most job postings on LinkedIn in May:
- Software Engineer
- Supermarket Department Specialist
- Certified Public Accountant
- Project Manager
- Store Associate
- Supply Chain Associate
- Food Service Worker
You can see the updated job reports on LinkedIn by clicking here.
Growth between the jobs and hiring factors are necessary for the US economy to recover. It will also determine the time it will take to recover.
What Do You Think?
There’s been speculation that the pandemic has forever the changed the landscaped of the US workforce. The idea of telecommuting, also called telework, aka working from home has become necessary for many fields.
Do you telecommute? Does it work for you? Let us know what you think here. We’re always looking for feedback and you might see your comment in upcoming post!
References: https://business.linkedin.com/content/dam/me/business/en-us/talent-solutions/emerging-jobs-report/Emerging_Jobs_Report_U.S._FINAL.pdf https://www.washingtonpost.com/business/2020/07/02/june-2020-jobs-report/?arc404=true