fastest growing industries | 2022-2023

The Healthcare industry booms while IT and Retail industries see a decline in the number of jobs posted in the first quarter of 2023. For this period, the retail sector saw a reduction of 0.8M jobs compared to the last quarter of 2022. Given that the retail industry has grown multi-fold and undergone significant technological advancements in recent years, in-store personnel requirements have drastically reduced due to AI and automation. This could be a prominent reason for the decline in job postings as fewer roles are necessary to manage a store's e-commerce presence.