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What's new?
Overall Growth in Job Postings
- The job market experienced a significant decline this week with a 28.8% decrease in postings across all industries.
- The marketing field has been hit the hardest with a steep 34.2% week-over-week (WoW) decrease in job postings.
- It's not all bad news, the HR and recruiting sector has shown some resilience with the smallest decrease in job postings at 12.9% WoW.
Competitive Market?
Trends in How Quickly Have Jobs Been Filled
- Jobs in the sales and design + UX sectors are taking longer to fill, with increases of 6.9% and 7.7% respectively over the last month.
- The content and product sectors have seen the most significant decreases in time to fill jobs, with a decrease of 5.8% and 4.1% respectively.
Location, Location, Location
Salary Adjusted by Cost of Living in Major US Cities
- If you're looking to make the most bang for your buck, consider moving to New York, NY or San Francisco, CA. They rank 1 and 2 respectively for salaries adjusted by cost of living.
- Maybe avoid Chicago, IL and Los Angeles, CA if you're trying to maximize your income - they're coming in at 3rd and 4th place.
- But hey, at least you'd enjoy some deep-dish pizza or maybe bump into a celebrity at the grocery store. Always look on the bright side, right?
Dev + Engineer
Data + Analytics
Product
Oh to be a ...
- The design + UX industry has shown notable resilience, with the smallest decrease in job postings at 30.5% WoW and a 7.7% increase in time to fill positions.
- This suggests that while job postings may be down, the demand for design + UX roles remains strong.
- So for those in the design + UX industry, keep honing your skills and updating your portfolios, your time to shine is coming.
Remote Trends
Proportion of Jobs Posted Hybrid and WFH
- The sales industry leads the pack with 39.1% of jobs offering remote work, while product comes in a close second at 39.0%.
- Hybrid work seems to be most prevalent in the data + analytics sector, with 18.3% of jobs offering this flexible work arrangement.
- So if you're in sales or data + analytics and dreaming of working from your cozy home office, you're in luck!
Time for a Startup?
Growth in Startup and Mature Company Job Postings
- Mature companies are leading the way in job postings growth at 13.6%, while start-ups trail behind at 8.9%.
- However, don't let this discourage you, start-up enthusiasts. These trends can shift quickly, and your dream start-up job could be just around the corner.