“Is the 2024 Tech Job Market Stronger than 2023? Explore Data from TrueUp.io and Layoffs.fyi #TechJobs #JobMarket #DataAnalysis
Are there more tech job opportunities in 2024 compared to 2023? Let’s dive into the latest data from TrueUp.io and Layoffs.fyi to find out.
Key Findings:
- 29.5% increase in tech job openings from last year
- 20% decrease in average daily tech layoffs
TrueUp.io Data:
- 211K open tech jobs today
- 163K open jobs at the low point in March 2023
- 429K people laid off in 2023, 118K in 2024
Layoffs.fyi Data:
- 263K people laid off in 2023, 81K in 2024
If you’ve been feeling the job market struggles, hang in there! This data indicates positive trends, showing improvement in the tech job market for 2024. Keep an eye out for more opportunities!”
In my anecdotal experience I been getting more interviews this year, while last year not only I didn’t get much interviews but the jobs I was applying for got frozen after the final round.
The market is definitely better, but looks like the “growth” has peaked.
This is probably the new normal for at least the next few years
Job openings aren’t a great metric, I want a number of people actually getting hired with all these fake job postings, picky managers, info gathering etc.
Anecdotally, I have recruiters reaching out to me for the first time in like a yr or 2 (could be for many reasons tho). Regardless, the doomers/masochists on here don’t care about your stats tho.
I have a sneaking suspicion that the doom and gloomers have very narrow job criteria they will accept like fully remote positions, working in California, Pacific Northwest, Texas, or Massachusetts, etc. I also get the feeling that the folks who say they’ve applied to hundred or thousands of jobs are applying to roles they are not qualified for.
Just my two cents.
People need to understand there have more tech positions eliminated in non tech companies . My 2 lay off from last year were from non tech company , they cut their entire tech team
Here’s my only problem with the job openings metric. We have no idea how many of those jobs are real jobs and how many of them are fake jobs in an effort to make a company look like it’s doing well.
This is the same deal like when they measure unemployment based on how many people contact the unemployment office to check in. Most people stop checking in when their benefits run out, even though they are still unemployed and seeking work. So all of a sudden if a lot of people run out of benefits and stop checking in, the illusion then pops up that everybody’s working.
I’m not trying to cast doubt or be a Debbie Downer, but just simply saying that I can’t always trust when someone says that everything is better than it was last year. If that were the case we would see lots of people getting interviews and landing jobs as opposed to still seem more layoffs happening.
I do believe it’s going to get better, but likely we’ll be seeing actual growth later this year into next year.
What regions/cities?
I live in a historically hot market with a lot of tech companies and job postings are incredibly dry.
Lots of fake jobs. To get data on competitors from candidates, to show good health of the company, to build a database of resumes.
You know it’s good when Revature is taking applicants ?
I think 2023 was definitely worse based on the number of recruiters reaching out to me. It’s definitely been a lot more this year, albeit most being startups
Define “tech job”
I’m getting a bunch of calls
I’ve personally seen the market turn around in the last couple months. I do think it’s on the mend. But I’ve also seen data showing there are 3x the number of SWE for every open job. It’s still a knife fight with other candidates to get a job. And it’s going to take a while for the market to absorb all the talent that’s currently on the market (god forbid we get another round of large layoffs again this winter).
Bullshit.
I’ve found that I’ve gotten more recruiter reach outs. Not a ton, but probably 2-3 a week
It seems most people having trouble are looking backward and expecting to see the same things tomorrow. The “great resignation” and WFH era have increased job seeker’s expectations *dramatically*. Add to that the incredible oversupply of “SWEs” and “Engineers” and you have a lot of people in here crying about change, mostly because there is actual competition. If you actually looked at the resumes of those “top performers” who say the market is “bad”, you’d probably see clear as day why they aren’t working.
How is hiring for juniors and new grads?
job openings mean jack shit, hiring and firing is what matters, one is up and the other way is 2004 levels of low
edit:
But you should try your luck at politics tho : ) I bet you convinced a grad or two on here