Boeing ($BA) says it's getting back to business, and ramping back up production of 737s with the expectation that its once-flawed jets will be runway-ready before the end of 2020.
But, job postings aren't reflecting that - yet, at least.
In Renton, where Boeing's production of 737s has taken place, job postings plunged in early March and haven't grown since.
It may be a common theme as economies around the world rally - many companies have furloughed or outright laid-off staffers, and they may still have business segments that are badly hurting thanks to the global pandemic, and thanks to that, less of a need to hire new staffers. Especially for companies with union workers, who would likely be inclined to bring back staff they had to let go during the pandemic, the prospect of rising job postings could be unlikely for the foreseeable future.
For example, Volvo's job postings did little in terms of rebounding, when the automaker announced it would ramp production up there in April.
And, overall, Boeing's job postings aren't showing much in the way of a takeoff, judging by the company's data. So even if Boeing is doing work elsewhere to ramp up a 737 production rebound, it hasn't been hiring much to support that.
So far in 2020, Boeing shares are down more than 54% - and until the aviation sector takes off, there's little optimism that its shares, or its hiring, will bounce back any time soon.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
