Job listings, which had nearly doubled the number of available workers, dropped in the first quarter. According to job search site Indeed, which provides more detailed data, positions in marketing and HR lists that are most relevant to company growth plans fell 43% and 45%, respectively, over the past year. I’m here.
At the same time, a recovery in immigration has eased labor shortages, especially in sectors such as leisure, hospitality and healthcare, which continue to grow rapidly. Also, the decline in sectors such as transportation and warehousing, which surged during the pandemic, may have pushed more people into other sectors such as hotels and restaurants, where job openings abound that don’t require a college degree. There is a nature.
The outflow of money from blue chip Internet companies such as Google and Meta has particularly benefited other industries that are in desperate need of talent with digital skills. United Airlines, which plans to hire 15,000 people this year, said this week it has already hired 120 of his layoffs by major tech companies.
That’s why the upheaval in Silicon Valley, started by rapidly rising borrowing costs that have dried up venture capital, has done little to derail those relatively lucky to lose their jobs while the economy is still strong.
Katie Lee, a 26-year-old software engineer from Palo Alto, California, has been offered a job at a health tech company in late 2022. The company withdrew the offer, saying several contracts were on hold and she wasn’t sure she would be able to keep the position.In a panic, she started applying elsewhere and added a few In a month she submitted 200 applications.
That effort resulted in three new offers. Li chose one she thought had a compelling mission to serve people on Medicaid. She joined the company in her March and earned her 71% of her previous salary, but like many of her friends who recently lost their jobs, she was rehired and I am happy to have health insurance.
“Most people are paid slightly less, but still very high compared to the average person,” Li said. “I think he recognized that other things were more important than his career.”
