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Market Signals - Special Report (Top 20 Economies)

We’ve been keeping an eye on the number of job ads on LinkedIn in 18 European countries since Week 13 of 2020 – extended to 36, and ultimately 38 countries since Week 15 and 17 respectively. We analyze the collected figures and observe if and what kind of trends there are, to leverage them into better career management & more effective job search methods.

In mid-September we decided to extend our job market observations with a focus on LinkedIn to countries outside Europe to gain a more global insight. This is the third report on our findings and this time it's about the 20 biggest economies in the world. In this report we analyzed Weeks 39 to 53 of 2020.

Our special reports are released “live” to our subscribers and then published for the public with a delay of 4-6 weeks. If you would like to become a subscriber and regularly receive our special reports, email us at Bichl.Sandra@CareerAngels.eu. Subject: Special Reports.

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Market Signals - Special Report (Top 20 Economies)

  1. 1. Market Signals by Career Angels Top 20 Economies COVID-19 impact on the global job market (Weeks 36-53 of 2020)
  2. 2. Market Signals The art of interpreting signals (precursors of trends) is – and always has been – important in navigating financial markets and economies. To manage career and/or job search processes wisely, it’s crucial to look at the signals of the job market, which are inseparably embedded in the VUCA landscape of today's world. We’ve been keeping an eye on the number of job ads on LinkedIn in 18 European countries since Week 13 of 2020 – extended to 36, and ultimately 38 countries since Week 15 and 17 respectively – this allows us to measure a KPI that gives quite a good feel of the overall trend on the job market. We analyze the collected figures and observe if and what kind of trends there are, to leverage them into better career management & more effective job search methods. In Week 39, we extended our observations even further, to gain an insight into the global job market. This is the third report on our new findings, and this time we’re taking a look at the 20 biggest economies in the world. May this report serve you well! Your Career Angels Team Status: December 2020 © by Career Angels
  3. 3. The world's largest economies by GDP Sources: International Monetary Fund; United Nations Population Division (2020)
  4. 4. #20: Turkey Despite experiencing negative results a few times, Turkey's overall trend in the past few weeks has been very positive. The difference between Week 39 and Week 53 is 47.2%, which equals to 2413 more job ads published on LinkedIn.
  5. 5. #19: Saudi Arabia Saudi Arabia started off with a low number of published job ads on Linkedin that shot up in Week 42 (52.5%). Since then, the results have been unstable, but still remaining at a much higher level than in Week 39, and more than 7,000 job ads published on LinkedIn.
  6. 6. #18: Switzerland Switzerland's results shot up between Week 39 and Week 41, with the difference being 44.5%. Since then, the number of job ads published on LinkedIn has remained at a relatively similar lever, although alternating between increasing and decreasing almost weekly.
  7. 7. #17: Netherlands Despite a good number of peaks, the Netherlands' overall tendency has been negative. It saw its highest number in Week 42. Since Week 48, the results have remained below the initial level, and Week 52 brought the country's worst result - a decrease of -40.6% and 295,303 job ads published on LinkedIn.
  8. 8. #16: Mexico The majority of Mexico's weekly changes have been subtle. Week 47 was an exception when the number of job ads published on LinkedIn grew by 30%. The country also experienced a sharp decrease in Week 50 (-18.6%). Since then, the number has fallen below the initial level.
  9. 9. Weekly changes - Part 1 Mexico, Netherlands, Saudi Arabia, Switzerland, Turkey
  10. 10. #15: Indonesia Despite a promising first week and a 9.9% increase, Indonesia's number of published job ads on LinkedIn fell drastically in Week 41, by 30%. There was a handful of increases (Week 46 and Week 49), but overall, the number has remained at the same level.
  11. 11. #14: Spain Between Week 39 and Week 43, Spain experienced a steady growth in the number of job ads published on LinkedIn, only to fall back in the following weeks. Despite a slight increase in Week 47, the results remained negative, and as of Week 53, the number is at its lowest since Week 39.
  12. 12. #13: Australia Until Week 46, Australia's number of job ads on LinkedIn would increase almost bi-weekly, only to fall back to the same level. That changed in Week 49, when the country saw its highest result of 144,900 job ads (a 27% increase over three weeks). Afterwards, the number started decreasing drastically and fell below the initial level.
  13. 13. #12: Brazil Brazil's number of job ads published on LinkedIn remained almost unchanged for the majority of our observations. Two weeks are an exception: Week 44, with a 311.5% spike, and then a 142% increase in Week 47. Although we suspect that there might have been a glitch on LinkedIn.
  14. 14. #11: Russia For the majority of our observations, Russia's number of LinkedIn job ads has remained stable, with the exception of some significant changes between Weeks 43 and 48. The number grew by 48% in Week 44, remained at a similar level for a week, only to start falling drastically until Week 48, where it reached its lowest point of 20,733 job ads.
  15. 15. #10: South Korea South Korea's numbers of published LinkedIn job ads have been rather unstable - they were decreasing for the first two weeks, increasing for the next three, and then decreasing for another three. This alternating trend has continued, although the decreases have been more drastic starting in Week 51, and the number of LinkedIn job ads keeps falling.
  16. 16. Weekly changes - Part 2 Australia, Indonesia, Russia, South Korea, Spain
  17. 17. #9: Canada After a few weeks of growth, followed by a slight decrease, Canada experienced a significant rise in its number of job ads published on LinkedIn in Week 46 (19.4%). It remained high until Week 49 (323,119 job ads - the best result so far).
  18. 18. #8: Italy Italy's graph is almost symmetrical between Week 39 and Week 51, with the second half being somewhat less uniform. In Week 47, the country noted its highest result of 156,787 job ads, which was an 81.4% increase from its initial level. As of Week 53, however, it's almost back at the starting point with 92,724 job ads published on LinkedIn.
  19. 19. #7: France France is another country with unstable results, alternating between negative and positive tendencies. The highest result was noted in Week 44 (1,523,786 job ads published on LinkedIn). The lowest number was reported in Week 51, when it fell below the initial level by -27%.
  20. 20. #6: India India experienced increasingly positive trends, followed by decreases that always brought it to the previous level. The first peak happened in Week 40, another one between Weeks 41 and 44, and the most significant one between Weeks 45 and 49. Nevertheless, the result from Week 53 is only 4.5% higher than the initial number of job ads on LinkedIn.
  21. 21. Weekly changes - Part 3 Canada, France, Italy, India
  22. 22. #5: United Kingdom For the most part, the UK's results were somewhat stable, with an overall positive trend and just two hiccups in Weeks 42 and 48. In Week 49, a clear decreasing tendency began. The number of job ads published on LinkedIn plummeted in the last week of the year, with the difference from Week 52 being -79.9%!
  23. 23. #4: Germany Even though Germany's results seemed promising for the first few weeks, in Week 45 the number started falling rather significantly. Week 52 noted the country's most drastic decrease over the course of 14 weeks: -60.4% and 921.907 fewer job ads published on LinkedIn.
  24. 24. #3: Japan Japan is one of the winners of this report, with its number of job ads published on LinkedIn growing significantly over the course of 14 weeks of our observations. Its highest result was noted in Week 51 - a 51.3% increase from the initial level.
  25. 25. ...we have been tracking the level of published job ads on Linkedin since Week 13? ...we have collected & analyzed 2128 data points? ...we have published 7 special reports? ...you can find our daily & weekly updates here: www.LinkedIn.com/showcase/Market-Signals → Click Follow! Did you know that...
  26. 26. #2: China The number of job ads published on LinkedIn in China has been fluctuating significantly, with no week staying the same. Despite many decreases, such as those in Week 48 (-11.7%) and Week 50 (-11.8%), the most recent result is 13.2% higher than the initial number.
  27. 27. #1: United States The number of LinkedIn job ads in the US has clearly been shaky in the last months, experiencing significant up and down changes bi-weekly. After the biggest drop in Week 49 (-9.96%), followed by the biggest increase in Week 50 (17.43%), the number seems to have stabilized.
  28. 28. Weekly changes - Part 4 China, Germany, Japan, United Kingdom, United States
  29. 29. More job ads: Brazil Canada China India Italy Japan Saudi Arabia Switzerland Turkey United States More / fewer job ads since Week 39 Fewer job ads: Australia France Germany Indonesia Mexico Netherlands Russia South Korea Spain United Kingdom
  30. 30. United Kingdom (-387.68%) Germany (-129.61%) Netherlands (-68.01%) Top 3 Saudi Arabia (34.92%) Brazil (32.17%) Turkey (32.06%) Biggest overall increase: Biggest overall decrease:
  31. 31. If you are a senior candidate who might need support / guidance: You can access the following services completely confidentially and free of charge: - CV Report - Career Consultation Email Bichl.Sandra@CareerAngels.eu who will personally match you with the most relevant Career Consultant. To save time: add your CV and availability for a Skype call. If you want to support your (future) former employees: Request an offer for outplacement services by sending an email to Zadrozna.Anna@CareerAngels.eu. For further information visit: CareerAngels.eu/B2B/Outplacement
  32. 32. If you’re interested in following the CV-19 situation in the future, check out our Market Signals page for daily updates and weekly reports! reports summarizing the European CV-19 situation from the beginning of our observations a special report on the top 10 economies in Africa a special report on the Americas So far, we have also published: Coming next week: a report comparing the number of LinkedIn job ads & official unemployment rates from Eurostat! www.LinkedIn.com/showcase/Market-Signals
  33. 33. More tips & resources (hyperlinked) LinkedIn Company Page Follow for daily tips & up to date advice. Market Signals Regular updates on the European job market – daily posts and weekly reports on Saturdays. Hidden Job Market A group on LinkedIn with weekly job ad gems for experienced managers and executives. Udemy Course Every step of the job search explained - backed by research! Incl. realistic goal setting, candidate USP & positioning, CV for humans & ATS, hacking LinkedIn, (online) interviews. YouTube Channel Subscribe and watch recorded lectures & webinars.

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We’ve been keeping an eye on the number of job ads on LinkedIn in 18 European countries since Week 13 of 2020 – extended to 36, and ultimately 38 countries since Week 15 and 17 respectively. We analyze the collected figures and observe if and what kind of trends there are, to leverage them into better career management & more effective job search methods. In mid-September we decided to extend our job market observations with a focus on LinkedIn to countries outside Europe to gain a more global insight. This is the third report on our findings and this time it's about the 20 biggest economies in the world. In this report we analyzed Weeks 39 to 53 of 2020. Our special reports are released “live” to our subscribers and then published for the public with a delay of 4-6 weeks. If you would like to become a subscriber and regularly receive our special reports, email us at Bichl.Sandra@CareerAngels.eu. Subject: Special Reports.

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