Here’s why it may be harder to find a job online
CNN
The US economic picture of the last few years has been defined by an ultra-strong labor market.
The US economic picture of the last few years has been defined by an ultra-strong labor market. But new online job posting data suggests a possible slowdown: Total job postings on online job site Indeed have fallen more than 15% compared to the start of 2023, according to data as of January 5 shared with CNN by Nick Bunker, Indeed’s economic research director for North America. Bunker said that new job postings, or those that have been on Indeed for 7 days or less, are down 13.5% year-over-year. LinkedIn, which pools hiring data from its over 206 million US users, has similarly seen a drop-off in hiring between late 2022 and late 2023. A surplus of open roles for the past few years has made it easy for Americans to jump from job to job, gaining higher pay and perks like remote work in the process. As a new year begins, though, a new era for job hunting may be beginning – and workers’ leverage to demand remote work may be slipping away. Traditional white-collar office jobs have decreased their online recruiting efforts the most, according to Indeed. “Software development job postings are down 44.6% from a year ago, while postings for banking and finance jobs are down 31.3%,” Bunker said.
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