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In this video, Isabelle Woodrow, a senior product manager at Aspen Tech Labs, discusses the key findings of their Q2 2024 Job Market Pulse report. The report analyzes job posting data from over 150,000 company career sites across the US, providing valuable insights into the current state of the job market.
Key findings from the report include:
- Overall stability: The US job market is showing signs of stabilization after a decline in late 2023. Vacancies are down slightly year-over-year but have been relatively flat since the start of 2024.
- Tech industry: Tech jobs continue to decline but at a slower pace than in previous quarters. However, there is a significant increase in job postings related to AI.
- Salaries: Median salaries in the US are up 4% year-over-year, slightly above the inflation rate. Additionally, over 40% of job postings now include salary information due to increased salary transparency legislation.
- Regional variations: Job market performance varies across different regions of the US. The East South Central region saw a 3% increase in vacancies in Q2, while California and the West Coast experienced declines.
- Global perspective: The job market is also showing signs of stabilization in other countries like the UK, Germany, and France.
Overall, the report suggests that the US job market is moving towards stability after a challenging period. While certain industries and sectors are still facing challenges, there are also opportunities for growth, particularly in the field of AI.
For more detailed insights and data, you can download the full Q2 Job Market Pulse report from the Aspen Tech Labs website.
