Jan 23, 2019

Federal employee job searches spike up to 82% above normal levels

Photo: Jim Watson/AFP/Getty Images

Federal employees have been searching for new jobs online at increasing rates — as high as 82% above normal search levels, according to new Indeed.com data obtained by Axios.

Between the lines: Federal workers are searching for new jobs at above average levels even when their agency isn't technically affected by the shutdown. "It looks like federal workers — even at funded agencies — are starting to think it might be time for me to look elsewhere," Martha Gimbel, Indeed’s director of economic research, tells Axios.

By the numbers: From Dec. 1 to Jan. 20, searches for new jobs by federal employees were up...

  • 82% at Department of Health and Human Services
  • 55% at Department of Defense
  • 52% at Internal Revenue Service
  • 38% at Department of Homeland Security
  • 31% at Transportation Security Agency
  • 23% at Census Bureau
  • 11% at Social Security Administration

What’s next: The big questions are whether these search results will continue to rise after the shutdown ends and whether employees are actually frustrated enough to take on jobs outside of the paralyzed federal government.

Go deeper: All the ways Americans are feeling the effects of the shutdown

Go deeper

Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.