In fact, the world’s largest job site recently released its big annual study. The data on tech jobs is terrible. The outlook for data and analytics jobs is particularly grim.
Let’s start with the overall job market. This chart, which includes Indeed’s job posting index, shows a steady decline in available jobs since the pandemic surge of 2022.
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Look deeper, and you can see that the tech job market has performed much worse than some other sectors. Indeed’s tech job posting index peaked above 200 in 2022 and has since fallen to 67.
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However, data and analytics jobs are really excellent. The job posting index for the sector was 60, the lowest among all sectors tracked at the end of October. This means that there are 40% fewer job opportunities in data and analytics than before the pandemic.
Even worse: According to Indeed, the number of applications per job in this field is still increasing.
These types of roles include business analysts, data analysts, data scientists, and business-intelligence developers. Indeed’s data here shows a clear mismatch between employer demand and worker supply. Years of investment in data-science training have led to a glut of skilled candidates, just as the appetite for hiring has been satiated.
“Workers who have received training can continue to look for jobs that match their skills, regardless of the reduction in postings, because changing careers is often difficult, costly and time-consuming,” said Corey Stahle, a senior economist at Indeed.
The decline in data and analytics jobs has been more dramatic than in other occupations. Employers hired at a rapid pace during the post-pandemic boom. Since then, many companies have not had as much need to replace these workers.
Adding to the coolness: the rise of generative AI, which is making it easier for more people to analyze data with less formal training.
“AI is not yet able to replace workers, but it can help workers and businesses do more with less,” Stahle said.
For job seekers, this turns into a fierce market.
“This combination of fewer postings and more applications suggests that the market is competitive,” Stahle warned. “Finding the right job may take some time, and your salary growth is likely to be weaker than after a few years in these roles.”
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