Tech Hiring Slows Down, Especially Outside Tech Hubs
The pandemic economy is hurting tech job postings, according to data released by job hunting site Indeed. Since mid-May, tech job postings have trended below overall job postings and for weeks have remained approximately 36 percent below last year’s trend.
In a blogpost Indeed Hiring lab economist AnnElizabeth Konkel attributed the decline to tech industry’s high cost of hiring and firing. “While a restaurant may take on workers based on demand experienced over the past two weeks, sectors like tech have much longer planning horizons," she said.
Through July...Read more