Companies desperate for workers are tipping their hands in job listings: Morning Brief


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Thursday, July 22, 2021

Urgent listings are on the rise.

Hiring can be a challenging process. 

Over the last several months, we’ve written about the abundance of open jobs in America, the impact retirements have had on the workforce, and the higher wages companies are offering to meet labor shortfalls. 

And a new report from job posting website Indeed published Wednesday shows that employers are, in larger numbers, starting to signal to prospective employees that time is of the essence.

“The share of job postings that use words like ‘hiring urgently’ has jumped more than 50% since the start of the year,” said Jed Kolko, chief economist at Indeed. “While job postings have been rebounding steadily since last summer, in recent months job postings have increasingly mentioned urgent hiring.”

The number of companies saying they are hiring urgently has risen sharply over the last few months as labor demand continues to outpace supply. (Source: Indeed)

The number of companies saying they are hiring urgently has risen sharply over the last few months as labor demand continues to outpace supply. (Source: Indeed)

Of course, as this chart makes clear, we’re still seeing “hiring urgently” mentioned in a significant minority of job postings. Which is as you’d expect: hiring is, after all, a negotiation. And beginning that conversation from a point of weakness is a last resort option. 

But Indeed’s report also shows that the number of job postings on its site continues to rise. 

As of July 16, there were 36.5% more jobs listed on Indeed’s site than in February 1, 2020. The rate of increase in how many jobs are posted on the site has moderated in recent months, but the demand for labor — which has served as a through-line on recent labor data even as frictions within the market abound — continues to exceed supply. 

All of which suggests that as more job listings come onto the platform, the patience employers have for letting those positions linger unfilled for months is starting to wane.

Indeed’s report also notes that some 4.3% of job posting are advertising a hiring incentive of some sort, more than double the 1.8% seen a year ago. And like notes that firms are “hiring urgently,” these incentive mentions have picked up speed through the spring and summer of 2021, illustrating that the appetite for hiring remains high. 

Another “good problem” facing the U.S. economy right now. 

By Myles Udland, reporter and anchor for Yahoo Finance Live. Follow him at @MylesUdland

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What to watch today

Economy

  • 8:30 a.m. ET: Chicago Federal Reserve National Activity index, June (0.30 expected, 0.29 in May)

  • 8:30 a.m. ET: Initial jobless claims, week ended July 15 (350,000 expected, 360,000 during prior week)

  • 8:30 a.m. ET: Continuing claims, week ended July 10 (3.100 million during prior week)

  • 10 a.m. ET: Leading index, June (0.8% expected, 1.3% in May)

  • 10 a.m. ET: Existing home sales, June (5.90 million expected, 5.80 million in May)

  • 10 a.m. ET: Kansas City Federal Reserve Manufacturing Activity index, July (25 expected, 27 in June)

Earnings

Pre-market

  • 7 a.m. ET: AT&T (T) is expected to report adjusted earnings of 79 cents per share on revenue of $42.76 billion

  • Biogen (BIIB) is expected to report adjusted earnings of $4.48 per share on revenue of $2.62 billion

  • American Airlines (AAL) is expected to report adjusted losses of $1.72 per share on revenue of $7.48 billion

  • Domino’s Pizza (DPZ) is expected to report adjusted earnings of $2.87 per share on revenue of $975.16 million

  • The Blackstone Group (BX) is expected to report adjusted earnings of 79 cents per share on revenue of $1.88 billion

Post-market

  • Intel Corp (INTC) is expected to report adjusted earnings of $1.07 per share on revenue of $17.82 billion

  • Alaska Air Group (ALK) is expected to report adjusted losses of 42 cents per share on revenue of $1.52 billion

  • Southwest Airlines (LUV) is expected to report adjusted losses of 26 cents per share on revenue of $3.93 billion

  • Boston Beer Co (SAM) is expected to report adjusted earnings of $6.61 per share on revenue of $652.27 million

  • Twitter (TWTR) is expected to report adjusted earnings of 7 cents per share on revenue of $1.07 billion

  • Snap (SNAP) is expected to report adjusted losses of 1 cent per share on revenue of $846.94 million

  • Crocs (CROX) is expected to report adjusted earnings of $1.59 per share on revenue of $566.89 million

  • Capital One Financial (COF) is expected to report adjusted earnings of $4.62 per share on revenue of $7.11 billion

  • Dow Inc. (DOW) is expected to report adjusted earnings of $2.45 per share on revenue of $12.98 billion

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Read More: Companies desperate for workers are tipping their hands in job listings: Morning Brief

2021-07-22 09:11:44

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