Jobs are a hot topic right now. While most of the media is focused on the lack of workers in the market, downloads of job marketplace Indeed tell a different story.
Like most apps that require being out of the house, Indeed lost most of its downloads when covid lockdowns hit. Downloads it didn't gain back for a long long (long) time.
But that time's over.
Job seekers have been downloading Indeed's mobile app in droves in 2022, past the break-even point, and on to more than doubling its daily downloads.
Pre-pandemic, Indeed had an average of 650,000 new weekly downloads, according to our estimates. Those downloads got cut in early 2020 and haven't really recovered fully until the end of 2021 when the average climbed to about 500,000.
So far in 2022, every week has seen more downloads than that, growing from a little over 500,000 in January to more than a million at the end of March. And that growth has been fairly constant, so we know it's not just a one-time spike.
That's good news for employers, employees, and customers. And Indeed. So, a win-win-win (win).
December saw a curious split: downloads dropped 2% while revenue sat at $1.3B. ChatGPT and TikTok dominated both charts as the mobile industry enters a new maturity phase.
Wall Street bet $2 billion on Polymarket, and downloads surged 1,172% in December. The prediction market banned in 2022 is now where Wall Street looks for signals.