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JobsPikr | Job Market Overview by Region during 2023

The disparities in job openings across countries underscore the unique dynamics of each labour market, offering valuable insights for companies navigating regional talent landscapes. The US presents abundant opportunities for Registered Nurses, reflecting the ongoing demand for healthcare professionals, while India prioritizes Software Developers, emphasizing the significance of the technology sector in its economy. Understanding these variations is crucial for companies to align their recruitment strategies with market needs, attract the right talent, and gain a competitive edge in the global labour market.

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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.

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JobsPikr | Emerging roles in a post-pandemic world in 2023

Exploring the top-Performing industries in Spain, France, and Italy: Part 2, we take a closer look at job creation. Despite the challenges faced by Europe - and the global market as a whole - in 2022, these popular destinations for high-quality food & beverages and #tourism continues to show considerable growth, with France slightly edging out Spain and Italy with more work opportunities in these segments. #Europeanjobmarket #JobsPikr

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JobsPikr | In-Demand Soft Skills in 2023

In 2022, Customer Service stood out as the leading soft skill, with over 23 million job postings worldwide. However, as we delve into the first quarter of 2023, Management emerges as the new frontrunner, with a staggering 12.1 million job postings seeking this skill. As the labour market continues to evolve, understanding the shifting trends in soft skills and their geographical variations, organizations can optimize their recruitment efforts and attract the right talent in the right locations. HR teams can leverage this data to align their recruiting strategies with the prevailing skill sets and gain a deeper understanding of the current labour market landscape.

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The #COVID19 pandemic has taken a toll on the global economy, with the Construction, Transportation, and Hospitality industries among the hardest hit. Comparing data from the third and fourth quarters of 2021-2022 to the same period in 2022-2023, the results are quite astonishing. The Transportation sector now boasts the largest number of available jobs, totaling 2.05 million. Comparing this to the previous year data, non-remote jobs have increased exponentially by 881% while remote roles, taking the Construction industry as an example, have increased eightfold. Do you think this data shows promise and is a sign of economic recovery?

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JobsPikr | Job Market Insights by Region

Amidst economic uncertainty, job creation remains strong in the UK, Europe, and Africa. According to recent data from #JobsPikr, Europe leads the way with over 17 million new jobs experiencing a high growth rate for the Staffing & Recruiting industry, similar to UK. Europe and Africa also show growth in the IT and HR sector along with high demand for Software Developers and Marketing Managers.

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As the world continues to adapt to a new era of work, many industries are embracing the benefits of remote work and seeking out top talent for remote positions. The IT sector leads the way in hiring for remote roles, with the majority of job openings being in London. Although there have been approximately 164,000 tech layoffs across 1,054 tech companies in 2022 (according to https://layoffs.fyi/), the IT industry has had over 2.6 million job openings globally in the first quarter of 2023 which is a definitive sign of green shoots.

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JobsPikr | Top 5 fastest growing industries

The first quarter of 2023 has seen growth in several industries, globally. 5 of the fastest growing Industries being- IT, Healthcare, Retail, Financial Services and Telecommunication. Among these, the IT Sector had the most number of job postings (65.2M) compared to any other sector. While New York is the most popular city for new roles in most industries, India outperforms other countries with the highest openings for the Telecommunications sector.

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While researching specific roles on a Talent Intelligence platform like JobsPikr, a few best practices to check for are - Seniority level & compensation: look at your requirement and perform the market study to iron out any gaps Skillset research: Find & identify necessary skills per role to refine candidate resumes Education requirement: Know the market standards to help create the parameters in selecting the ideal candidate

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Although several tech giants in the IT sector are experiencing some turbulence, the requirements for tech roles continue to climb. According to recent data from #JobsPikr, some of the most-sought-after #hardskills in the domain are shown in the graph below with #SQL taking the lead by a 6.5 percent requirement increase compared to the next hot skill in line, #Analytics. #ITjobs #ITjobsmarket #Trendingskills

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The European job market has faced a number of challenges in recent years, including Brexit, the Russian-Ukrainian conflict, and #inflation. Despite these challenges, the UK has emerged as a leader across several industries, including transportation & logistics, consumer goods, and hospitality. Though the UK is experiencing disruptions due to #Brexit and its accompanying new trade barriers, its full impact is yet to be seen. #Europeanjobmarket #JobsPikr

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Data from #JobsPikr reveals the state of the job market in the last two quarters of 2022, during a time when #techlayoffs were at their highest in the consumer goods & services, retail, and healthcare industries. Despite widespread redundancies, some industries were able to defy the trend and continue to hire, surpassing their previous quarter's hiring numbers. #JobMarketTrends #TechLayoffs #IndustryHiring

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Where do job seekers turn to find their next opportunity? According to the latest statistics by #JobsPikr, #Indeed leads the way with 16.04% of job postings, followed by Careerjet at 13.81%. #LinkedIn ranks third with 9.77% of job postings, while Careerbuilder and Jobs come in close behind at 8.76% and 8.66%, respectively. Our tool #JobsPikr, provides real-time insights on labor market data to shape business strategies. To know more visit our website #Jobsdata #JobMarketTrends

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Are you curious about the job market trends in the US healthcare industry? Join us for our new series, where we dive into the latest data on average payroll and job creation in different sectors over the past two years. In 2022, the healthcare industry created over 10.9 million roles with a median salary of 46.9K USD. While the median pay has increased considerably, inflation could be a factor. Unfortunately, the number of new opportunities has taken a hit. Let's explore the ups and downs of various industries in the upcoming posts of this series. #Jobsdata #JobMarketTrends #JobsPikr

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Is the #tech industry facing a downfall or a rebirth? While #layoffs have been hitting hard, the industry is still thriving, creating over 1.66 million new jobs globally in 2023. Though it’s had some setbacks, new opportunities for tech workers are on the rise with India, US, and the UK leading the way with the highest number of jobs created so far this year

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The robots are coming! But don't worry - so are new jobs. As automation and #AI continue to disrupt the labor market in several domains, the world is experiencing a fresh wave of technological advances transforming work as we know it. Even with this new revolutionary technology, the steady requirement for roles in these sectors hasn’t been curtailed. For 2023, over a million roles have already been created and continue to steadily rise in the cybersecurity, AI, and data analytics industries.

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The #retail industry in the US market is valued at $6.9 trillion dollars in 2022 and has had a 3.5% growth in retail trade from 2017 to this year. Most employees in the sector receive perks and benefits with their health insurance covered and a 401(k) account. Data from JobsPikr also shows that Walgreens is the top hiring organization in the sector posting over 84.2K roles in 2022.

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The world acclimates back to in-office roles, #remote working has continued to curb in recent months. Software Developer is one such role that doesn’t necessarily require an office setup and few roles remain that are remote. Washington is the leading city in the US for remote roles pertaining to the position with Madison and New York going head-to-head for the second place.

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Data Science ranks in the top five in-demand tech skills in 2022 as per labor market insights and has seen a 480 percent job growth since 2016. In a data-centric age where most businesses run online, analysis of data is an imperative function to predict trends, understand customer sentiments, foresee financial risks, and in some cases, even mitigate cybersecurity threats. Read how companies are setting trends by hiring for roles in data science

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As the number of laid-off employees continues to climb, rumors about an impending recession are at an all-time high. While the tech industry experiences a setback, there are still plenty of opportunities for professionals working in the IT domain. Data from JobsPikr shows over 8.59M roles posted in 2022 for jobs in the tech industry, ranging from entry-level to senior-level requirements. One of the highest roles in demand is for #softwaredevelopers as shown in the below graph.

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As we wrap up 2022, let’s look at the impact made by companies in the #labormarket. Although the current layoff situation seems dire, there have been plenty of new roles created in 2022. Some of the leading companies with the highest vacancies globally were Amazon, C.R. England, Inspode Philippines Incorporated, Aerotek, and Deloitte claimed the top 5 positions.

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As #healthcare establishments continue their path to diversification, emerging positions come with basic requirements of #CPR and life support. Many establishments in this sector are often overcrowded and underfunded which affects the quality of care patients receive. By creating prerequisites for positions and ensuring staff hired are up to certain standards, the issue corrects itself. The below graph details the certifications new hires are required to have to be considered for the role.

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#Customerservice is a skill that spreads across all industries in some form or fashion. For 2022, it ranks #1 among the top soft skills needed globally, with over 23M roles posted requiring customer service. Being in such high demand, HR teams can utilize this data to align #recruiting strategies with trending skill sets and better understand the present labor market.

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Wrapping up 2022, there are a few cities leading the talent demand in #tech. New York comes as no surprise as the #1 city with the highest job vacancies followed by Atlanta and Chicago. Surprisingly, Silicon Valley in San Francisco doesn’t make the cut, ranking 19th on the list with a demand of 30.8K job openings this year.

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For 2023, e-Commerce, Artificial Intelligence, and Healthcare claim three positions in the top 5 industries according to #Forbes. According to predictions, these sectors are seeing plenty of businesses, creating new opportunities and roles. Compared to data in 2022 sourced from JobsPikr, it’s easy to see these industries’ potential in investment, recruitment, and future growth. For 2023, the top 5 industries according to #Forbes are e-Commerce, Cloud Computing, Artificial Intelligence, Healthcare and Hospitality.

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Diversity at the workplace is an integral part for any organization’s success. Bringing in a global workforce from different backgrounds, locations, ages, gender, experience level, and education adds new perspectives that drive strategic thinking and achieve business goals. JobsPikr provides valuable insights into a few of these facets - in the industry of choice - to enable recruiters to make the right workforce decisions for their organization.

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93% of employers want to see soft skills on your resume. If you’re applying for a job, soft skills are key in setting apart ideal candidates from adequate ones - especially when recruiters are deciding among applicants with similar work and education experience. #softskills #jobopenings #laborinsights

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New technologies are constantly being developed, we’re more connected than ever, and a global pandemic has forced us to adapt to new ways of working. So, what new skills should you be picking up this year? As per JobsPikr Insights, here are the top 5 hard skills in the United States for 2022. #hardskills #laborinsights #USmarket

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The companies who are leaders in their respective industries, are also the top companies hiring. They all have strong growth prospects and are looking for the best and brightest talent to help them continue to grow. See the list of top companies who are hiring during the last quarter.

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In today's job market, it's important to know how long it takes to hire for certain positions. The IT industry is always changing, and new job titles are constantly being created. In order to stay ahead of the curve, it's important to know the average time-to-hire for the top job titles in the IT industry. Here is a list of the average time-to-hire for the top job titles in the IT industry in the USA for the last quarter.

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Atlanta is the city in the US that has the most job opportunities in the last quarter for the IT Industry. This is due to the booming economy and the increasing demand for IT professionals. This is great news for those in the IT industry looking for new opportunities!

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One of the benefits of using a #talentintelligence tool is instantaneous access to #hiring data. For organizations looking to expand their workforce, knowledge about in-demand roles and the education level required can help align #recruiting strategies with market standards. Let’s look at the #Healthcare sector - one of the booming industries in the US job market, where over 3.54M jobs were posted in 2022. While most jobs were posted for entry-level positions, there was a significant appetite for candidates with bachelor's and master's degrees.

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The job market has seen a wave of change in the last year, with the percentage of job openings by industry seeing a significant change. The biggest change has been in the hospitality industry, where the percentage of job openings has increased by 35% followed by the technology industry (IT) & Retail industry.

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Some of the top industries in the #USmarket are continuing to hire for several positions. Among the Marketing & Advertising, IT, and Finance industries, over 2.8M roles have been posted online. The data sourced from JobsPikr shows the most sought-after roles, a positive sign amidst news of hiring freezes.

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