RESEARCH TRIANGLE PARK — Current job openings in the Triangle are low again this week, according to the most recent edition of the WRAL TechWire Jobs Report.
Eight weeks ago, the total number of postings fell below 280k for the first time since WRAL began tracking this data two years ago. Postings have fallen at a mostly steady decline since.
This week, WRAL tracked 260,539 openings (not accounting for post duplications), down 27% compared to last year.
The Triangle is also likely affected by the overall decline in the tech job market. According to an analysis of the national jobs numbers by CompTIA, the nonprofit association for the information technology (IT) industry and workforce, tech occupations throughout the economy took a step back in April, declining by 99,000 positions.
I spoke with local recruitment expert Tricia Lucas, founder of the recruiting and consulting firm Lucas Select, about the lower job numbers. Lucas told me she thinks tech is “spooked” by recent bank failures and the potential looming recession and reacting by cutting jobs or limiting new hires.
“It’s a reaction,” Lucas said. “Employers are saying, ‘Oh, our numbers aren’t good, we need to show we’re taking action.’ It’s classic.”
Is AI to blame?
Lucas also told me that she thinks recent developments in artificial intelligence (AI) could be driving the decline in job postings. Just last week, for example, IBM’s CEO Arvind Krishna said AI would lead to the loss of nearly 8,000 jobs.
“Companies are exploring and adjusting for AI and how that impacts the workforce going forward,” Lucas told me.
She also told me that she recently spoke to a startup founder who was using the popular AI chat tool ChatGPT to write programming in Python.
“What could these AI developments mean for tech and software development? It’s a component that’s being talked about everywhere in tech, across all the different verticals,” Lucas said.
Is your job helping to hire or help new hires? There are likely layoffs in your sector.
According to national job numbers, a cooling job market has affected employment services. Recruiters, careers coaches, human resources professionals, and other roles in the employment services industry experienced 24,000 layoffs last month.
“I don’t think career development is an investment priority for companies at this time,” Lucas told me. “Companies are prioritizing their bottom line and are more concerned about pleasing their shareholders or private equity investors.”
Job numbers for this week
Here’s a look at the numbers for this week:
The numbers do not account for duplications in postings.
OTHER RESOURCES TO FIND TRIANGLE JOB POSTINGS
Below, we’ve gathered the latest upcoming job fairs, student-centric resources, and a list of Twitter accounts that track local job openings. If you’re a student looking for an internship or entry-level position at a local company or organization, your university has resources to help you get started. Quick links below:
- Duke University: Career Hub
- Durham Technical Community College: College Central Network
- NC Central University: Career and Professional Development Center
- NC State University: Centennial Campus Job Board, Career Development Center and Jobs at NCSU
- UNC Chapel Hill: University Career Services and Careers at Carolina
- Wake Technical Community College: College Central Network and Career and Employment Resources
LOOK FOR TRIANGLE JOB POSTINGS ON THESE TWITTER ACCOUNTS
Here are some locally run Twitter accounts that regularly share job openings in the Triangle: