Has global hiring bottomed out?
The global plunge in hiring driven by the pandemic may be bottoming out as countries including France and Italy show signs of improvement, according to new data from LinkedIn. But hiring rates remain down sharply from before the outbreak and subsequent shutdowns, and millions of people are still losing their jobs at an unprecedented rate. Among the latest findings:
- China's hiring rate is now flat from a year ago, after a three-month rebound.
- Europe is in the very early stages of a recovery.
- The U.S. hiring rate is flat over the past two weeks but is still down around 34% compared with the same period last year.
Procurement Specialist at Limatherm Components sp. z o.o.
It's not over yet. Not by a long shot. Global economy is still struggling to regain its footing in short term, while not showing much rebound potential in the long term.