Economic Recovery is Swift By Lynette Bertrand, Communications Manager, CACM
Pandemic brings unprecedented decline in jobs, but the economy is recovering faster than in previous recessions, data shows.
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hile it’s still a challenging time for the nation as a whole, the overall economy is seeing improvements, and the community management industry in particular is still a very healthy industry as far as job opportunity and security. As an essential industry, we have been able to buck the impact of the financial crisis, and that’s something to take refuge in as we look ahead at 2021.
In fact, through November 23, there were 53 paid job postings on CACM’s job board, the highest in recent years. There were 63 job openings across the state at the end of November on CACM’s Career Center.
Alexey Gutin, CEO of Web Scribble, provider of career center technology for hundreds of professionals and trade associations including CACM, recently provided a state of the job market webinar, showcasing statistics from some of the largest job boards including Indeed.
At the time of this writing, the unemployment rate nationwide was down to 6.9 percent, according to the Bureau of Labor Statistics. While still up compared to early this year before the pandemic, the recovery has been as rapid as the decline, according to Gutin.
“Most associations’ career centers saw a modest decline in revenue compared to major job boards,” Gutin said. “The associations we work with are professional associations with highly skilled or unique labor that are hard to find on generalist job boards like Indeed. A lot of those people were lucky enough to still be within industries that are hiring and looking for talented people.” CACM SEES GROWTH IN JOB POSTINGS Taking a look at CACM’s own Career Center, new job activity on the job board slowed from March through May, but picked back up in June and has remained pretty active through November. Because community manager jobs are considered essential by the state of California, job losses were minimal if any. Most of the job loss happened at the industry partner level as some vendors saw business slow down due to restrictions and as some association boards limited their expenditures during the COVID crisis.
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Vision Winter 2020 | cacm.org
NATIONWIDE JOBLESS NUMBERS IMPROVING Nationwide, and looking across other industries, the story looks a bit different.
AFFECTED INDUSTRIES
Alexey Gutin
