Which country has gone the best through the COVID-19 period?
And the winner is… China! China has experienced an increase in job postings between the pre- and post-COVID-19 era in our analysis. The main explanation here is that for China the COVID-19 period started earlier. In the middle of January during the big lockdown, there were almost no job postings available in China. Now it has increased again by about 10% compared to the pre-COVID-19 era.
The second place is shared by India and Switzerland. Both countries have been approximately flat between Q1 and Q2. All the other countries in our table have actually significant decreases in job postings. The positions 4 and 5 on our list took Brazil and Singapore with a decrease of about 25% in the number of job postings. However, please consider, that our analysis stops in June: that is the reason why Brazil is so far high in the table. The country was heavily affected first in July. That is also reflected in our numbers: at the end of June, the labor market in Brazil already started to decline.
The countries that are in the middle of the list with about 30-40% decline in the job postings are mostly large economies countries.
Middle in range of 30-40% decline
Flop 5 of the list
The Republic of Korea suffered the most in terms of the negative labor market impact of COVID-19 showing 80% of the decrease in the number of job postings.
- Great Britain / Ireland (-40%)
- Canada (-55%)
- Sweden (-67%)
- The Republic of Korea (-80%)
What about the difference in industry performance?
- Interestingly, in Germany, there has been a high increase in demand for Sales. Also, IT has sustained the crisis quite well
- In the USA the least affected job family is IT
The least recovering are logistics and manufacturing
- In the UK the least affected job family is Sales
All other job families are suffering significantly of up to 50% of negative change
- In Canada, the least affected is manufacturing
More about how COVID-19 affected different industries in the text below.