The gruesome new data on tech jobs
13 hours ago
- #tech jobs
- #data analytics
- #job market
- Indeed reports a sharp decline in tech job postings, especially in data and analytics.
- There are 40% fewer data and analytics job postings compared to before the pandemic boom.
- The tech job market has declined significantly, with the Tech Job Postings Index dropping from over 200 in 2022 to 67.
- Data and analytics jobs have the lowest Job Posting Index at 60, indicating the worst performance among sectors.
- Rising applications per job in data and analytics make the market highly competitive.
- Generative AI is contributing to the job market chill by enabling more people to analyze data with less training.
- The combination of fewer job postings and more applications suggests a fiercely competitive market for job seekers.
- Wage growth in these roles is likely to be weaker than in previous years.