Hiring Slows for Third Month but Tech Jobs and Soft Skills Still in Demand

Hiring fell 3.6% in August across almost all sectors compared to July, marking the third straight month of declines according to LinkedIn data.
The IT industry looks promising for Q4 hiring with 39% of companies planning to recruit in this area.
Soft skills like communication, collaboration, accountability and problem-solving remain critical for employers.
Update your resume, expand your network and subtly leverage the holidays to find new opportunities.
Get noticed at your current job by key executives to advance internally and prepare for performance reviews.

forbes.com

Relevant topic timeline:

8/18/2023

The New AI Jobs, Smaller Firms Shaping Remote Work And How United Is Luring Tech Workers

### Summary AI-related jobs, such as managing and training AI efforts, are experiencing significant growth, according to a report by LinkedIn. However, concerns remain about the jobs that AI will replace. ### Facts - The Future of Work report by LinkedIn shows that the share of global English-language job postings on the platform mentioning GPT or ChatGPT has increased 21 times since November 2022. - Layoffs continue to occur in various industries, including Phillips 66, SecureWorks, and Shutterfly, reflecting a cautious job market influenced by the current slowdown. - Smaller companies are leading the march towards hybrid work and remote work options, with 76% of companies with under 500 employees offering work location flexibility or going fully remote. - A survey of around 1,000 women revealed that more than 90% of them have received romantic or inappropriate messages on LinkedIn, highlighting the importance of caution when connecting with others on professional networks. - United Airlines plans to hire 15,000 people this year, targeting tech workers affected by layoffs. After negotiating a historic contract with pilots, the airline has seen a surge in job applications.

8/23/2023

Wages for New Hires are Falling, But the Impact is Negligible – MishTalk

New hires are experiencing declining wages in various sectors such as technology and transportation, which could impact job hopping and take time to reflect in federal data, posing challenges for the Federal Reserve in managing inflation.

8/29/2023

US labor market cooling as job openings, quits decline

U.S. job openings reach lowest level in nearly 2.5 years in July, signaling a slowdown in the labor market and potential impact on interest rates.

9/22/2023

Job Openings Drop 27% from Peak, Potentially Spelling Trouble for Stocks

The decline in job openings could have negative implications for the US stock market, as job openings and the S&P 500 have shown a strong correlation since 2001, with job openings currently down 27% from their peak in March 2022.

10/16/2023

LinkedIn Lays Off Hundreds More Employees Amid Tech Industry Slowdown

LinkedIn, owned by Microsoft, will be cutting approximately 668 jobs, or 3% of its workforce, in its second round of layoffs this year, affecting its engineering, product, talent, and finance teams.

10/16/2023

LinkedIn Lays Off 700 Employees to Optimize AI Capabilities Amid Slowing Growth

LinkedIn, owned by Microsoft, is laying off about 3% of its workforce, amounting to hundreds of job cuts, as part of the company's efforts to optimize around artificial intelligence.

Topics

Posted 9/20/2023, 2:26:42 PM

Hiring Slows for Third Month but Tech Jobs and Soft Skills Still in Demand

Hiring fell 3.6% in August across almost all sectors compared to July, marking the third straight month of declines according to LinkedIn data.
The IT industry looks promising for Q4 hiring with 39% of companies planning to recruit in this area.
Soft skills like communication, collaboration, accountability and problem-solving remain critical for employers.
Update your resume, expand your network and subtly leverage the holidays to find new opportunities.
Get noticed at your current job by key executives to advance internally and prepare for performance reviews.

forbes.com

Relevant topic timeline:

8/18/2023

The New AI Jobs, Smaller Firms Shaping Remote Work And How United Is Luring Tech Workers

8/23/2023

Wages for New Hires are Falling, But the Impact is Negligible – MishTalk

8/29/2023

US labor market cooling as job openings, quits decline

U.S. job openings reach lowest level in nearly 2.5 years in July, signaling a slowdown in the labor market and potential impact on interest rates.

9/22/2023

Job Openings Drop 27% from Peak, Potentially Spelling Trouble for Stocks

10/16/2023

LinkedIn Lays Off Hundreds More Employees Amid Tech Industry Slowdown

LinkedIn, owned by Microsoft, will be cutting approximately 668 jobs, or 3% of its workforce, in its second round of layoffs this year, affecting its engineering, product, talent, and finance teams.

10/16/2023

LinkedIn Lays Off 700 Employees to Optimize AI Capabilities Amid Slowing Growth

LinkedIn, owned by Microsoft, is laying off about 3% of its workforce, amounting to hundreds of job cuts, as part of the company's efforts to optimize around artificial intelligence.