Filling the LifeboatsGetting America Back to Work after the Pandemic
Learn how to use Labor Insight to understand the unprecedented impact of the coronavirus pandemic on the job market in your region or industry. We will discuss the reports available on Labor Insight, what we have already seen in the market, and the best practices for analyzing data in the short term. Watch the recording […]Find out more »
A new study by Burning Glass Technologies found that UK job adverts have dropped 63% during the coronavirus pandemic. In this webinar, our research experts will share their findings on UK job postings data and explain how they used Labour Insight™ to gather these findings. Watch the recording here.Find out more »
With more than 30 million unemployed because of the coronavirus pandemic, US workforce agencies are facing a desperate need for jobs that can serve as “lifeboats” for those out of work until the economy recovers. Burning Glass Technologies has identified jobs that workforce agencies can focus on for near-term employment. Based on the Burning Glass Technologies database of more than a billion job postings and resumes worldwide, we think there are two key points that can guide workforce policy:
- Even in the depths of the pandemic’s economic shock, there are jobs that can serve as “lifeboats” for at least some of those who have lost work and that require little or no retraining; and,
- There are pathways from these lifeboat jobs and from jobs lost in the pandemic into roles with decent pay and a solid future.
The second point is as critical as the first, as multiple studies have shown this is exactly what happens: laid-off workers may never regain the pay levels they had enjoyed before losing their job. In addition, jobs may not come back quickly. Employers may be reluctant to hire until they are sure the economy has recovered, while others may take the opportunity to consider what tasks could be done by technology. While there aren’t nearly enough lifeboat jobs for all of the unemployed, effective placement into these jobs could ease the crisis for many. A second, upcoming report will focus on jobs most likely to drive the recovery.
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The new Opportunity Insights Economic Tracker uses Burning Glass data, along with other sources, to measure the impact of the coronavirus pandemic.read more