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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

Erica Pandey, author of @Work
Sep 22, 2020 - Economy & Business

Why high-wage jobs aren't coming back

Reproduced from Indeed; Chart: Axios Visuals

The pandemic has caught up with high-wage jobs.

The big picture: Early on, the pandemic walloped hiring across the wage spectrum and in every sector. Now, states have opened up, and the lower-wage retail and restaurant jobs have slowly come back — but higher-paying jobs are lagging behind.

Updated 1 min ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Top HHS spokesperson pitched coronavirus ad campaign as "helping the president" — Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases — Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  4. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.
Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Leon Black says he "made a terrible mistake" doing business with Jeffrey Epstein

Photo illustration: Sarah Grillo/Axios. Photo: Rick Friedman/Corbis/Getty Images

Apollo Global Management CEO Leon Black on Thursday said during an earnings call that he made a "terrible mistake" by employing Jeffrey Epstein to work on personal financial and philanthropic services.

Why it matters: Apollo is one of the world's largest private equity firms, and already has lost at least one major client over Black's involvement with Epstein.