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Global job postings dip by 15% in Q2 2023

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Resilient tech sectors highlight big data and AI demand

During the second quarter (Q2) of 2023, the global landscape witnessed a downturn in employment opportunities as job postings dwindled by more than 15% compared to the previous year. Despite this trend, certain industries such as Retail, Technology, and Communications demonstrated noteworthy resilience. The drivers behind recruitment patterns were centred around prominent themes like Big Data, Cloud Computing, and Artificial Intelligence (AI), as reported by GlobalData, a leading data and analytics firm.

GlobalData’s recent publication, titled “Trends & Insights in Global Hiring Activity Q2 2023,” disclosed a consistent downtrend in global hiring activity, with posted job opportunities declining by 15% year-on-year and 6% quarter-on-quarter within the mentioned quarter.

Regions including the Middle East, Africa, South America, and Central America experienced an upswing in job postings. Notable countries showcasing substantial growth in new job openings were Japan, the Czech Republic, and Brazil.

Sherla Sriprada, an Analyst specializing in Business Fundamentals at GlobalData, commented on these trends. Sectors like Power, Healthcare, and Foodservice marked higher year-on-year growth in terms of job postings. Industries such as Pharmaceuticals, Retail, Construction, and Automotive also displayed increased hiring activity. Noteworthy recruiters during this period included Abbott Laboratories, Black & Veatch Corp, and Robert Bosch GmbH.

In terms of specialized themes, sectors such as e-Commerce, Social Media, Edtech, and 3D Printing saw elevated job postings. The introduction of advanced AI tools like ChatGPT and Bard resulted in a significant uptick in opportunities related to Artificial Intelligence.

Sriprada elaborated on this trend, highlighting an impressive 106% year-on-year surge in roles related to Enterprise Social Networking and Collaboration Platforms as indicative of the adoption of these innovative technologies.

Other sought-after skills included proficiency in Office Productivity Applications, Application Lifecycle Management, Application Platforms and Containers, Business Intelligence, Data Discovery Tools, and Database Management.

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