The top seven job search engines have been hitting new monthly usage rates since March, according to data from web-metrics provider Aptopia.
According to the latest data from Aptopia, after periods of ebb and flow, the numbers have been steadily rising over the past year. The average daily active users in June has so far increased by 57% year on year.
“The funny thing is that no month this year has recorded a record for monthly active users. This means that while apps are adding new users, users who already have apps are playing a bigger role here, which means increased engagement, ”Adam Blocker, Apotopia’s content and communications director, said in a blog post.
Most job search download spikes occur on Fridays because employees seem to be waiting for the weekend to start looking for their jobs. “That, or another analyst on the team, told me it was cut on Friday,” Blacker said.
The top three apps by both year-to-date, download and daily active users are, in fact, LinkedIn and ZipRecruiter. ZipRecruiter is growing the fastest this year with a 37% increase in its daily active users. Only Monster and Snagajob saw a decrease in the number of daily active users this year (7.3% and 16.5% lower, respectively).
LinkedIn is the only search app out of the seven tracked by Apptopia to generate revenue through in-app purchases, and it reached an all-time high for users in the United States. This is an increase of 157% over last year.
Even as job search increases, some employers are returning job offers to recent graduates who have not formally accepted or who have not yet started work.
“On Wall Street, employers have closed interview schedules,” he said. Victor Janulitis, CEO of management consulting firm Janko Associates, wrote in a report published last week.
Multiple economists and financial services firms have predicted that the United States could face a recession next year. Janko Associates has considered what could happen to jobs in the IT sector.
“When CFOs and CEOs respond to a recession they traditionally look at two areas,” Janulitis says. “The first ‘new’ is recruited. They reduce the number [full time employees]. The second is focusing on high-value positions and eliminating the cost of support. The average compensation for IT professionals is around $ 100,000 – those positions will be noted. “
The first full-time positions to go into recession are usually contractors and consultants, then low-skilled positions; Which is followed by excluding programs that do not have an immediate impact on day-to-day performance and the key performance indicators of an enterprise, Janulaitis says. Other cost reductions include training omissions, offsite travel, fringe benefits such as bonuses and salary increases.
With the ongoing shortage of IT professionals, any high earners who have been laid off should have little trouble finding new jobs. “Even during the epidemic, these individuals still had high demand,” Janulitis said.
Janko predicts that demand for IT professionals will remain high for the next two quarters, but it could slow down in the first two quarters of 2023 if the recession continues.
Currently, there are still more than 100,000 unfinished positions for IT professionals due to lack of qualified candidates; These figures have remained the same for months, Janulitis noted.
So far this year, the IT sector has added 91,000 new jobs and the number is expected to more than double to 191,000 by the end of the year, according to Janco Associates.
Last month, technology companies added staff for 18 peopleM According to the latest employment data analysis of a non-profit organization for the IT industry and the workforce, the drawn months and technical job postings for technical professions have reached a new level.
Technology companies added 22,800 net new employees in May and increased employment in the industry by 106,700 positions in the first five months of 2022; This is 69% ahead of the same period in 2021, according to an analysis of a job report by the US Bureau of Labor Statistics (BLS) Industry Association Competitiveness.
That tight labor market, coupled with the ongoing impact of the Great Recession and the growing risk of a recession, is probably fueling the rise of job-seekers – especially those who work in marginal companies who may be in trouble.
“So, they could probably look for a more stable company to act as insurance against the troubled financial period,” said Jack Gold, chief analyst at Jay Gold Associates, LLC.
Another explanation for the job search spike may be that some companies are urging employees to return to the office, and instead of fighting the order, employees are simply looking for more suitable accommodation, Gold said.
According to Apptopia, the number of reviews posted with the keyword “remote” in the top job apps increased by 900% in 2022 compared to 2019.
“2020 was when we first saw the big jump, but 2022 is going to see even bigger jumps,” Blacker said. “Many of these reviews ask app publishers to be able to sort open works by distance levels; partially remote, local but remote, completely remote, etc.”
Several high-profile companies, including Tesla and Apple, have announced office-to-office policies. And while the job market is tense, several large companies, including Salesforce, Twitter and Meta, have slowed down in hiring new workers amid rising inflation and market uncertainty; Other companies have completely cut work.
Another explanation for the spike in job search could be rising inflation, and especially the high price of gas, Gold said. It may inspire some to look for more lucrative jobs to stay ahead of the inflationary pressures on their paychecks.
“And they need to do it now, when the job market is still very good, because it may not be in a few months. Similarly, there may be some who have already been trimmed, who are taking in the steam and need to find a place to land, ”Gold said.
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