Aura Industry Trends - February 2024
We believe that having access to the latest hiring data can unlock valuable insights into recruitment trends.
Every month, we analyze the latest publicly available job posting data to look for overall shifts by geography & sector, as well as uncovering trends in particular skills or job attributes like AI or remote jobs. These trends can help to strategically guide your next move, regardless of whether you are an employer or candidate.
Here are three of the most interesting findings from February's job posting figures:
Global job postings increase:
Between January and February 2024, new job postings continued to increase globally, in North America by 19%, EMEA by 23%, APAC by 9% and LATAM by 2%. This continued growth in the labor market comes as a surprise given interest rate increases and slower economic growth in many countries.
Staffing & Recruiting, Hospital & Healthcare and IT & Services continue to be the leading industries in terms of job postings, despite a decline compared to last month for Hospital & Healthcare. The top 10 industries by new job postings remains largely the same as January, as shared in our previous hiring trends report.
AI-related roles continue to grow in demand:
After a temporary dip in December 2023 of 2%, demand for AI-related jobs continued to increase with new AI job postings in February being 16.7% higher compared to January 2024. This comes despite following a period of significant Tech lay-offs, supporting our notion that companies are swapping out their staff for those with more desirable skillsets in software engineering.
All of the top 5 industries saw an increase in new AI job postings, with the highest growth in Financial Services (76%) and IT & Services (43%) compared to January. In terms of change vs January, Telecommunications saw the largest increase at 110% while Higher Education saw the largest decrease at 28%.
Slight dip in supply of Remote working jobs:
New remote jobs declined by 2% compared to January, with the proportion of remote jobs out of total job postings also declining slightly (6.6%). This is off the back of a period of continued steady decline as employers are gradually shifting back to the traditional on-site work model.
At Aura, we make workforce & job posting data readily available, to enable a deeper understanding of workforce & recruitment trends and drive meaningful change.
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Dishanth Umamaheshwara / Caro-Joy Barendse
Associate Product Manager / Project Manager, Aura
Note: All information mentioned in this report comes from publicly available data; if you believe the information on your company is incorrect, please reach out to us at aura@bain.com
