The share of remote job postings across the US, UK, NZ, CA, and AUS have increased since the start of the COVID-19 pandemic. The following chart was reweighted based on occupation distribution in 2019.
Job postings are a lagging indicator of the number of jobs that are being done remotely along with office real estate decline and office occupancy rates.
Links to this note
In the latest Startup Compensation report from Carta based on 3,000 venture-backed companies, 60% of new hires at startups are out-of-state. Thes ratio of in-state to out-of-state held steady since 2022 despite larger comapnies making vocal return-to-office policies. Remote workers are primarily concentrated in California, Massachusettes, New York, Washington, and Texas.
According to Kastle, office occupancy stagnated after a concerted push of return-to-office plans by many businesses. Major metro areas like New York City show ~40% occupancy compared to 95% pre-pandemic.