While the number of workers filing for unemployment benefits remains elevated every week, a number of national companies are on large-scale hiring kicks for additional employees, according to a recent roundup of job postings from LinkedIn.
The openings highlight a growing disconnect in the economy today, according to one expert.
“Something interesting many job seekers right now don’t realize is that employer job posting activity has recovered much more quickly than job search activity,” Julia Pollak, labor economist at ZipRecruiter, told Yahoo Money. “So far in January, for example, employer behavior in our marketplace has been exuberant and points towards high levels of optimism, whereas job seeker activity has been somewhat anemic, pointing to enduring barriers to returning to work.”
For instance, about 4 million people have left the labor force for various pandemic-related reasons, such as needing to care for children during school closures, Pollak said, noting that many jobless Americans are simply not searching for work right now.
“So while the labor market is no longer as tight as it was pre-covid, it is much tighter than one would expect during a recession and many employers are struggling to fill vacancies,” she said.
Where workers will have the most luck scoring a new position depends heavily on the occupation and industry.
“Remote roles are very competitive right now, with more than 100 qualified candidates applying per posting in many cases,” Pollak said. “But many in-person roles are far less competitive, with employers facing pressure to raise pay, increase schedule flexibility, and expand covid safety measures to attract qualified candidates.”
For example, the coronavirus pandemic has been a boon for certain industries like retail, pharmacy, and logistics, all of which have been relied upon heavily during the pandemic and have not signaled a slowdown.
Still, the job market overall remains short of its pre-pandemic levels.
Although the country’s unemployment rate has dropped from 14.7% in April, it remains stalled at 6.7%, translating to roughly 10 million out-of-work Americans. Other economic health “indicators are sliding backwards slowly,” too, Pollak said, referencing recent sagging data from the household and small business surveys from the Census Bureau and the economic tracker developed by Harvard and Brown.
“By most measures, the economic recovery was very rapid at first and it slowed down and then kind of moved into reverse in around November [to] December,” she said.
As the U.S. passes the one-year anniversary of its first COVID-19 case, the change in executive leadership comes at an auspicious time, Pollak said.
“In many ways, politically, this is a really ideal time for any administration to be coming to power,” she said. “The economy is still very, very, very far away from its potential, so there is room for enormous gains.”
Here are the companies that are hiring now organized by sector, according to LinkedIn and Yahoo Money’s own research.
Jackson Hewitt Tax Service - 22,000 seasonal workers
Citi - 15,000+ positions
Fidelity Investments - 4,000 people for various roles plus 1,500+ students for internships and post-graduate opportunities
Grocery and foodservice
McDonald's - 50,000+ people
Albertsons - 50,000+ people
Taco Bell - 30,000 people
Dunkin' Donuts - 25,000 people
Domino's - 20,000 workers
Chipotle Mexican Grill - 10,000 people
Papa John's - 10,000 workers
Kroger - 9,000+ positions
Whole Foods Markets - 5,000 roles
Healthcare and pharmacy
CVS Health - 34,000+ roles
Walgreens - 25,000 employees
HCA Healthcare - 23,000+ people
AdventHealth - 5,000+ people
Rite Aid - 5,000 people
The Department of Veterans Affairs - 45,000+ positions.
Instawork - 20,000 workers over the next two months
Amazon - 100,000+ people
Ace Hardware - 30,000 people
Dollar General - 50,000 employees
Lowe’s - 20,000+ positions
The Home Depot - 20,000 jobs
Dollar Tree - 25,000 workers
7-Eleven - 20,000 employees
AutoZone - 17,000 people over the next three months
PetSmart - 16,000+ positions
Petco - 9,000+ positions
Bass Pro Shops - 7,000 positions
JCPenney - 6,000+ roles
Big Lots - 5,000 people
TTEC - 16,000 roles
ByteDance, TikTok's parent company - 10,000 people
Chewy - 10,000 people
Microsoft - 4,800+ roles
Dish Network - 4,600+ people
IBM - 3,000+ open positions
Raytheon Technologies - 3,000+ open roles
Salesforce - 2,000+ positions