Highly Uncertain Employment Outlook in Key Industries After the Russian Invasion of Ukraine

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Salarship

Oct 06, 2022, 09:25 ET


Since the start of the Russian invasion of Ukraine, the number of unique job listings in the U.S. has receded by 7.9%. This is a short analysis of the decline in key industries and states.

NEW YORK, Oct. 6, 2022 /PRNewswire-PRWeb/ -- Since the start of the Russian invasion of Ukraine, the number of unique job listings in the U.S. has receded sharply by 7.9%.

Salarship's job listings database, which is an aggregation of jobs published on company websites, job boards, and ATS (applicant tracking systems), also indicates that some industries, states, and positions are more impacted than others.

Here are the industries with the biggest decline in total unique job listings between February 2022 and September 2022:

  • Information and Technology: -12.1%
  • Food and Customer Service: -9,0%
  • Management, Consulting, and Human Resources: -8.8%
  • Entertainment, Arts, and Design: -8.8%
  • Legal Industry: -8.9%
  • Law Enforcement and Security: 8.5%

Here are the states with the biggest decline in total unique job listings between February 2022 and September 2022:

  • New York: -14.0%
  • Oregon: -12.5%
  • Wisconsin: -11.2%
  • Colorado: -10.3%
  • Washington: -10.2%
  • Arizona: -10.2%

Here are the positions with the biggest decline in total unique job listings between February 2022 and September 2022:

  • Software Engineer: -35.2%
  • Data Analyst: -30.8%
  • Web Developer: -30.5%
  • Project Manager: -27.0%
  • Delivery Driver: -25.9%
  • Security Officer: -25.4%

According to LinkUp, this decline follows the rise in job listings that occurred at the end of 2021 due to the slowdown of the Coronavirus pandemic.

The Bureau of Labor Statistics indicates that the labor market has not yet fully caught this declining trend (source). In August, unemployment rose by 0.2 percentage points to 3.7 percent, and the number of unemployed persons increased by 344,000 to 6.0 million. Note that it is not surprising that there is a lag between the number of available job postings and the unemployment rate.

Methodology: Salarship has 3 datasets of job listings:

  • 1. Job listings found on ATS, popular job boards, and company websites.
  • 2. Deduplicated job listings from dataset (1)
  • 3. Low-competition job listings from dataset (2) are available via the platform.

This analysis was performed using dataset (2) of 5 million U.S. job listings deduplicated by application URL.

About the author: Nathan Brunner is a swiss mathematician who graduated from EPFL in 2021. He is the founder of Salarship, a job search engine that focuses on low-competition jobs. Do not hesitate to contact him via LinkedIn for industry-specific analysis or questions about this press release.

Media Contact

Nathan Brunner, Salarship, 41 787411097, [email protected]

SOURCE Salarship