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Market Signals – Global Job Market Trends – May 2023 summarized!

Career Angels
Career Angels
Career AngelsCareer Angels

How did the job market change in May 2023? Selected aspects: Europe (38 countries): -7.92% What do the other market signals tell us? Here a preview of what’s we’ve analyzed so far: - gathered 13632 data points - received over 500 insights from Executives & HR Directors - published 96 monthly reports, 638 daily updates & 13 special reports - tracked 80 countries around the world for 36 months! Check out our post summarizing the changes across 80 countries worldwide for May 2023! It also includes tips for employers and employees – covering e.g. CV for ATS: https://blog.careerangels.eu/market-signals-global-job-market-trends-may-2023-summarized/ #Markets #Jobs #Europe #CareerAngels

Market Signals – Global Job Market Trends – May 2023 summarized!

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Global
job
market
May 2023
Candidate or
employer's market?
gathered 13 632 data points
received over 500 insights from Executives & HR Directors
published 96 monthly reports, 638 daily updates & 13 special
reports
tracked 80 countries around the world for 36 months!
Given the nature of our business (career consulting), Career Angels
wants and needs to understand how macroeconomic changes
actually influence the job market. We, therefore, record, process
and analyze e.g. unemployment levels or the number of published
job ads on LinkedIn. So far, we have:
Market Signals
Status: June 2023
© by Career Angels
Slideshare
www.slideshare.net/CareerAngels/
Market Signals
www.linkedin.com/showcase/market-signals/
From the employer's perspective: bigger demand for
candidates = salaries and/or benefit packages go up.
The "post and pray" approach might not work. On the
other hand, more candidates, more choice, more
negotiation flexibility.
From the candidate's perspective: bigger demand
= "less effort" put into job search (less time, more space
to negotiate salary).
Why do we do that? Who can find our data useful?
Supply & demand
- candidates
Global reach
Europe in detail
Global perspective
Germany, UK, US
DACH
Belgium, Poland & Italy
Structure
+ lots of tips!

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Market Signals – Global Job Market Trends – May 2023 summarized!

  • 2. gathered 13 632 data points received over 500 insights from Executives & HR Directors published 96 monthly reports, 638 daily updates & 13 special reports tracked 80 countries around the world for 36 months! Given the nature of our business (career consulting), Career Angels wants and needs to understand how macroeconomic changes actually influence the job market. We, therefore, record, process and analyze e.g. unemployment levels or the number of published job ads on LinkedIn. So far, we have: Market Signals Status: June 2023 © by Career Angels
  • 5. From the employer's perspective: bigger demand for candidates = salaries and/or benefit packages go up. The "post and pray" approach might not work. On the other hand, more candidates, more choice, more negotiation flexibility. From the candidate's perspective: bigger demand = "less effort" put into job search (less time, more space to negotiate salary). Why do we do that? Who can find our data useful? Supply & demand - candidates
  • 6. Global reach Europe in detail Global perspective Germany, UK, US DACH Belgium, Poland & Italy Structure + lots of tips!
  • 7. August Global reach The changes in the number of job ads on LinkedIn that we track across Europe, Africa and the Americas for May 2023.
  • 8. August Global reach The changes in the number of job ads on LinkedIn that we track across Europe, Africa and the Americas for May 2023. Africa Overview Initial: 63,232 job ads Week 18 (May 3) Final: 64,425 job ads Week 22 (May 28) Result: +1.89%
  • 9. Global reach The changes in the number of job ads on LinkedIn that we track across Europe, Africa and the Americas for May 2023. Americas Overview Initial: 6,998,212 job ads Week 18 (May 3) Final: 6,347,607 job ads Week 22 (May 28) Result: -9.30%
  • 10. Global reach The changes in the number of job ads on LinkedIn that we track across Europe, Africa and the Americas for May 2023. Europe Overview Initial: 3,383,918 job ads Week 18 (Ma y 3) Final: 3,115,868 job ads Week 22 (May 28) Result: -7.92%
  • 11. May brought a decrease of -7.92% in the number of job ads. Europe Monthly Overview Initial: 3,383,918 job ads Week 18 (May 3) Final: 3,115,868 job ads Week 22 (May 28) Result: -15.42%
  • 12. Europe - 38 countries April Winners
  • 13. Europe - 38 countries April Losers
  • 14. Europe - 38 countries April Losers
  • 15. Actively looking for a job? Join the Hidden Job Market on LinkedIn to find the best job ad gems for executives! A group for experienced managers in Europe: www.LinkedIn.com/Groups/7454252
  • 17. Global perspective TOP 20: Australia Brazil Canada China France Germany India Indonesia Italy Japan Mexico Netherlands Russia Saudi Arabia South Korea Spain Switzerland Turkey UK US Americas (22): Argentina Bolivia Brazil Canada Chile Colombia Costa Rica Cuba Dominican Republic Ecuador El Salvador Guatemala Haiti Honduras Mexico Nicaragua Panama Paraguay Peru United States Uruguay Venezuela Africa (10): Algeria Angola Egypt Ethiopia Ghana Kenya Morocco Nigeria South Africa Tanzania Europe (38): Albania Andorra Austria Belgium Bosnia and Herzegovina Bulgaria Croatia Cyprus Czechia Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Italy Latvia Lithuania Luxembourg Malta Moldova Montenegro Netherlands North Macedonia Norway Poland Portugal Romania Serbia Slovakia Slovenia Spain Sweden Switzerland Ukraine Annual differences
  • 18. May Germany, UK, US The differences in the number of job ads on LinkedIn that we track across Germany, UK & US for May 2023. US Summary: Initial: 5,855,700 Final: 5,216,787 Result: -10.91% UK Summary: Initial: 657,447 Final: 588,216 Result: -10.53% Germany Summary: Initial: 975,734 Final: 885,793 Result: -9.22%
  • 19. August Germany, UK, US The differences in the number of job ads on LinkedIn that we track across Germany, UK & US for April 2023 & May 2023. April May US Summary: Initial: 5,844,479 Final: 5,216,787 Result: -10.74% UK Summary: Initial: 690,379 Final: 677,041 Result: -13.12% Germany Summary: Initial: 1,033,835 Final: 985,094 Result: -10.08%
  • 20. post & pray active sourcing using Social Media, incl. LinkedIn hiring a recruitment agency (active) employer branding, incl. definition of candidate persona Always take into consideration the supply of (unemployment rates) and demand for candidates (available job ads), to decide which option will work the best to attract talent: So what does that mean? Employer perspective
  • 21. set a precise career / job search goal position yourself well as a candidate have two CVs: one for humans, one for ATS prepare your LinkedIn profile: for humans, for the algorithm generate interest through all four channels on the job market Taking into consideration the supply of and demand for candidates (in other words: how many candidates compete for the same role): So what does that mean? Candidate perspective
  • 22. 1) Download our CV ATS Guide: https://blog.careerangels.eu/ats-guide-2023/ ...or watch this video: www.linkedin.com/feed/update/urn:li:activity:6970412269838950400 2) Request a CV ATS Report: Send an email to Bichl.Sandra@CareerAngels.eu Attach your CV Subject: "ATS Compliance Report". Tip: Your CV should score at least 80% to increase your chances of landing an interview! CV for humans vs. ATS
  • 23. If you are an experienced manager or executive, request a confidential Career Consultation - free of charge & no strings attached - via this link: www.CareerAngels.eu/b2c/Request-a-Free-Career-Consultation or send an email to: Bichl.Sandra@CareerAngels.eu Subject: Career Consultation Want to talk?
  • 24. DACH The number of job ads on LinkedIn that we track across DACH for May 2023. Germany Summary: Initial: 975,734 Final: 885,793 Result: -9.22% Austria Summary: Initial: 46,796 Final: 47,442 Result: +1.38% Switzerland Summary: Initial: 77,821 Final: 79,596 Result: +2.28% April
  • 25. DACH The number of job ads on LinkedIn that we track across DACH for April 2023 and May 2023. Germany Summary: Initial: 985,094 Final: 885,793 Result: -10.08% Austria Summary: Initial: 45,560 Final: 47,442 Result: +4.13% Switzerland Summary: Initial: 73,947 Final: 79,596 Result: +7.64% April May
  • 26. Selected countries Number of job ads on LinkedIn tracked across Belgium, Italy & Poland for May 2023. May Belgium Summary: Initial: 80,429 Final: 76,732 Result: -4.82% Italy Summary: Initial: 120,926 Final: 136,360 Result: +12.76% Poland Summary: Initial: 96,288 Final: 87,501 Result: -9.13%
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  • 31. Thank you for reading!