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Job Search during the COVID-19 Crisis

Lena Hensvik, Thomas Le Barbanchon () and Roland Rathelot

No 14748, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper measures the job-search responses to the COVID-19 pandemic using realtime data on vacancy postings and job ad views on Sweden's largest online job board. First, new vacancy postings drop by 40%, similar to the US. Second, job seekers respond by searching less intensively, to the extent that effective labour market tightness increases during the first three months after the COVID outbreak. Third, they redirect their search towards less severely hit occupations, beyond what changes in vacancies would predict. Overall, these job search responses have the potential to amplify the labour demand shock.

Keywords: Coronavirus; job vacancies; labour demand shock; online job board; search direction; Search Intensity (search for similar items in EconPapers)
JEL-codes: E24 J21 J22 J23 J62 J63 J64 (search for similar items in EconPapers)
Date: 2020-05
New Economics Papers: this item is included in nep-lma, nep-mac and nep-ore
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Working Paper: Job Search during the COVID-19 Crisis (2020) Downloads
Working Paper: Job Search during the COVID-19 Crisis (2020) Downloads
Working Paper: Job Search during the COVID-19 Crisis (2020) Downloads
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