October 2024 US Labor Market Update: Going below the Surface of This Summer’s Stabilization in Job Postings

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Key points:

The Indeed Job Postings Index ended its multi-year slide this summer and has been stable at 11% to 13% above pre-pandemic levels since May. While some sectors — including physicians & surgeons and therapy — remain in high demand (postings are 80%+ above their pre-pandemic baseline), postings for tech occupations including software development remain 30% below 2020 levels.  After declining for several years, postings in sectors that tend to offer the most remote work opportunities, including tech and finance, have remained flat in recent months, signaling a potential renewal in employer demand. 

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