Feeling a bit jittery after those big tech layoffs?
Let’s take a look at the current state of the job market. We'll give you some insights on whether it's time to polish your resume or hunker down at your current gig.
What is The Current Job Market Like?
The Numbers Game: Less Rosy, Still Pretty Good
In short, yes, the job market's gotten a little bit tighter. The June report from the Bureau of Labor Statistics (BLS) says job openings are down by 1.8 million over the year. But before you start to panic, there are still 8.1 million open positions out there.
Why the Slight Downturn? Blame it on the Pandemic (Again)
The main reason for this decrease is an increase in labor force participation following the end of COVID-19. Many workers were sidelined during the peak months of the pandemic, but now they’re looking for work again, so there are more people applying for jobs. In addition, some companies are reducing their workforce after going on a hiring spree during the pandemic.
Tech Jobs: Still Hot, Just Not Scorching
Here's the good news: if you're in tech, you're still in demand. The unemployment rate for IT folks is low. So while the market might is not exactly handing out jobs left and right, there are still plenty of opportunities for the talented tech professional.
Leveling Up: How to Stand Out in a Tighter Market
Want to make sure you're the belle of the job market ball? Here are some tips:
- Cert Up: Get a certification in AI, cloud computing, cybersecurity, or data analytics. Hiring managers are looking for expertise in these areas, and if you have some sort of pedigree, you’ll be extra attractive to potential employers.
- Partner with a Pro: Team up with an IT staffing agency. They're like your personal career matchmaker, minus the awkward blind dates.
- Self-Reflection Time: Take a good, hard look at your resume. Updating your resume can be a chore, but it’s always worth it.
The Bottom Line: Keep Calm and Code On
While the job market might be a little tighter, it's far from bleak. With the right skills and a bit of hustle, you’ll find a new gig that’s right for you. If you want to maximize your chances of landing your dream job, reach out to the recruitment team at Technology Partners. We’d love to hear about your goals and see what we can do to help. Just send your resume to careers@technologypartners.net, and we can take it from there.
