Seattle after sunset. Photo: Karen Ducey/Getty Images

Contrary to what you might expect, it's actually America's tech and finance hubs — where the most jobs can be done remotely — that are seeing the biggest declines in job postings amid the coronavirus pandemic.

What they're saying: "Job postings in these in-person service sectors — retail, food preparation, sales, and beauty & wellness — have fallen more in metros where people are more likely to work from home, like San Francisco, Washington, Boston, and Seattle," Jed Kolko, Indeed's chief economist, writes.

The top 10 drops, according to an Indeed analysis of job postings this June compared with last June:

  1. Honolulu, HI: -45.7%
  2. Seattle-Tacoma-Bellevue, WA: -41.7%
  3. San Francisco-Oakland-Hayward, CA: -41.6%
  4. New York-Newark-Jersey City, NY-NJ-PA: -40.8%
  5. Chicago-Naperville-Elgin, IL-IN-WI: -40.7%
  6. Miami-Fort Lauderdale-West Palm Beach, FL: -40.6%
  7. Boston-Cambridge-Newton, MA-NH: -40.4%
  8. Oxnard-Thousand Oaks-Ventura, CA: -40.3%
  9. Denver-Aurora-Lakewood, CO: -40.0%
  10. San Jose-Sunnyvale-Santa Clara, CA: -39.9%

Between the lines: Honolulu as the leader makes sense due to the fall of the tourism industry, but the appearance of all the major tech metros in the top 10 is surprising.

  • Those declines can be explained by the fact that postings for service industry jobs have fallen in the cities where a larger share of the population is working remotely, and therefore able to stay home.

Go deeper: How the pandemic will reshape the job market

Go deeper

How the pandemic will reshape the job market

Illustration: Eniola Odetunde/Axios

A shock to the job market as massive and as sustained as the coronavirus will leave lasting change — and damage — in its wake.

The big picture: We jumped from the best labor market in 60 years, before the coronavirus, to the worst, in April. As the country comes back, millions of jobs lost during the pandemic will never come back, and there will be massive reallocations of jobs from some parts of the economy to others.

30 mins ago - Health

Axios-Ipsos poll: Fear of voting

Data: Axios/Ipsos poll; Note: ±3.0% margin of error for the total sample; Chart: Andrew Witherspoon/Axios

Democrats are twice as likely as Republicans to worry about in-person voting — with nearly two in three seeing it as a large or moderate risk to their health — according to this week's installment of the Axios-Ipsos Coronavirus Index.

Why it matters: This could pose a significant disadvantage for Joe Biden and other Democratic candidates in November if the pattern holds — especially in states where high infection rates persist, or where there are significant hurdles to mail-in, absentee or early voting.

Trump: Coronavirus is "under control"

President Trump said in an interview with “Axios on HBO” that he thinks the coronavirus is as well-controlled in the U.S. as it can be, despite dramatic surges in new infections over the course of the summer and more than 150,000 American deaths.

  • “They are dying, that's true. And you have — it is what it is. But that doesn't mean we aren't doing everything we can. It's under control as much as you can control it. This is a horrible plague,” he told Axios' Jonathan Swan.