Economy
IN September 2022, the number of jobs available for application (‘active jobs’) continued to fall, according to GlobalData, as the pace of job closures and removals from career pages (the ‘jobs closure rate’) was higher than the rate of new job postings. The leading data analytics company notes that the decline in active jobs is most likely due to rising inflation and cost-cutting efficiencies.
An analysis of GlobalData’s Job Analytics Database revealed that the active jobs index for all sectors declined by 7% month-on-month in September 2022, while maintaining a healthy 54% increase over pre-COVID numbers. New job postings dipped by 3% while job closures increased by 4%.
Sherla Sriprada, Business Fundamentals Analyst at GlobalData, comments: “In Q3 2022, GlobalData’s active jobs index in various sectors such as technology, retail, pharma, and power continued to fall, indicating that companies across most of the sectors are being extra cautious when it comes to hiring. However, in the healthcare sector, active jobs index rose by 7.5% during September 2022. Key recruiters in the healthcare sector include Evolent Health Inc, Tenet Healthcare Corp, AdventHealth, and UPMC Health System.”
Sectors that witnessed a month-on-month dip in the active jobs index include technology, automotive, retail, and pharma by 9.2%, 5.9%, 5.8%, and 3.6%, respectively. As well as analyzing by sector, GlobalData’s Job Analytics Database also reveals that the global active jobs index declined by 6.7% month-on-month in September 2022. New job postings dropped by 2% while job closures increased by 5%.
Sectors that witnessed a month-on-month dip in the active jobs index include technology, automotive, retail, and pharma by 9.2%, 5.9%, 5.8%, and 3.6%, respectively. As well as analyzing by sector, GlobalData’s Job Analytics Database also reveals that the global active jobs index declined by 6.7% month-on-month in September 2022. New job postings dropped by 2% while job closures increased by 5%.
KN
Tags: GlobalData Sherla Sriprada
