What Skills are Most in Demand?
As hiring stagnates, we're all eager to understand the behavior of labor markets more deeply. Since every job is a collection of skills, analysis of skills reveals important insights into how jobs are evolving.
By analyzing job postings and the associated skills, we explore how hiring demand has changed from the previous year for every major skill group:
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- While healthcare skills are in greater demand, the coronavirus has clearly had a negative impact on the greater job market, as demand has fallen for every other skill group.
- Perhaps ironically, even positions that can be done remotely (and that have previously been in high demand), such as engineering, coding, finance, are still seeing a significant decrease from a year ago.
- Foundational skills such as teaching, construction, and real estate, are experiencing smaller decreases than the broader market, suggesting that the economy is adapting well to a scarce environment.
If you have any ideas of other metrics to track or would like to hear more, please feel free to reach out to us.