Hiring continued to pick up pace with September recording an 18 percentage points rise over August 2020. The recovery is becoming broad-based with the job market in the non-tech sectors also looking up. From a difference of over 20 percentage points in April and May, the gap between tech and non-tech hiring fell to 2 percentage points in September,” LinkedIn said in its latest findings. Competition for jobs, however, remained as keen as it was in August. After nearly doubling in the middle of 2020, the applications per job had dropped to 1.3x in August and stayed there in September.
Hiring had hit levels of -50% year-on-year in April before starting to slowly recover. In late July, it crossed the 0% mark moving up to 12% y-o-y in August and 30% y-o-y at the end of September. “As businesses and companies continue reopening, we expect recovery to continue as well,” LinkedIn analysts noted. LinkedIn said job seekers from badly affected sectors like recreation and travel are 4.2 times are more likely to look for jobs in a different industry, compared to pre-Covid-19.
Source: Financial Express
