With record number of job openings, hiring and retention strategies need a reboot | VentureBeat
The Bureau of Labor Statistics released its “Employment Situation” report last week, and it shows the number of job openings recently hit an all-time high of 6.6 million. Relatedly, the unemployment rate fell to 3.9 percent, the lowest level since 2000. At the same time, more workers are quitting their jobs, signaling a strong sense of optimism in employment prospects.
My team at CompTIA analyzed the report to see what the impact has been on the tech sector. We found that eEmployment in the IT services and custom software category expanded by roughly 6,700 positions in April — and 26,800 positions if you count the full first quarter of 2018.
Data from the BLS report and from job market analytics company Burning Glass Technologies give us a good sense of where the highest concentration of jobs are being made. Led by health care, the top five industry sectors account for about two-thirds of all job openings. For tech positions, the top five industry sectors account for eight in 10 job openings. Where tech job openings exceed overall job openings it’s an indication that the industry sector is increasing its investment in tech talent relative to other positions. Read more…