RESEARCH TRIANGLE PARK — The Triangle’s startup job market dipped again this week, according to the latest edition of the WRAL TechWire Jobs Report.
The report pulls numbers weekly from 15 different local or regional job board sites for “startup” jobs, and this week, postings fell to 9,568 postings (not accounting for duplications in postings)—the lowest point since WRAL TechWire began tracking this data, and the first time postings have fallen below 10,000.
Local recruitment expert Tricia Lucas, founder of the recruiting and consulting firm Lucas Select, called this past July a “painful” month for recruiting.
“July and August are ALWAYS slow,” Lucas told me over email. “Employers have come to realize that July and August are slow due to summer hours and vacations. It is a time for maintenance, not growth, for most, but of course not all.”
She said that employers could be hesitant to post jobs because their leadership teams are on vacation—and often, those leaders want to participate in the interview process. So the postings could get pushed until everyone’s back from summer vacation.
A particularly steep slump for Summer 2023
The low numbers we’re seeing this year could be more than the typical summer slump, though—overall, startup job postings are down 60.4% compared to this time last year.
Lucas shared one example of what the job market looks like for startups right now—one of her clients, a medtech startup, has had openings since June and is only now starting to see responses.
“Every year at this time, I’m always painfully trying to keep things moving,” Lucas said. “But this July was painful.”
Here’s a look at the trend:
Here are the numbers from all 15 different local or regional job board sites that we review weekly for WRAL TechWire’s exclusive Jobs Report for “startup” jobs:
Check back next week for an update on the WRAL TechWire jobs report.