Indeed, the world’s #1 job site, recently analysed hiring activity in Real Estate and Construction sectors. The two sectors which are mass employers and prime indicators of the country’s growth and development were brought to a halt by lockdowns. However, the recent GDP data released by the National Statistical Office (NSO) for the third quarter of 2020-21 indicated recovery in the sectors, thus reflecting a boost in hiring opportunities.
Indeed’s data revealed that clicks for Real Estate jobs jumped 22% while postings for these jobs also increased by 3% in March 2020-March 2021. Indeed, which is a real time indicator of labour market activity also analyzed hiring activity in the Construction sector for the same period. The data indicated that while clicks for construction related jobs declined by 18% the postings grew marginally by 0.3%.
While the data shows a significant impact on the hiring activity in both the sectors during initial months of lockdown, it showed gradual signs of improvement on the back of eased out lockdown restrictions which resumed the labour activities in the sectors.
The overall data indicated that, hiring for Real Estate jobs has seen a stronger recovery June 2020 and remained steady throughout the second half of 2020, as roles offered in the sector are more compatible with digital transformation and interfaces – the job postings for the Real Estate jobs were higher than the clicks in the second half of 2020. On the other hand the postings for the Construction jobs were half the clicks owing to the on-site, physical nature of the jobs.
Indeed data also indicates that job seekers’ interests in construction jobs hit a two-year low (-30%) in April 2020, after which the sector seemed to have picked up momentum as the government eased out restrictions in the sector, thus reflecting a jump of 17% between April 2020 and March 2021. While the overall postings for job roles in construction remained low, the jobseekers interest (clicks) was high throughout the pandemic.