US Q3 2024 Business-to-Business Labor Market Update: Still Waiting for a Rebound in Software

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The consistent decline in job postings that began in early 2022 showed signs of leveling off in Q3 2024. As of October 18, job postings were 10.8% above pre-pandemic levels.  Job postings for software developers fell below pre-pandemic levels in Spring 2023, and remained almost 33% below pre-pandemic levels as of October 18. Software Development wage growth has picked up, climbing one percentage point in the last six months. Pay transparency — measured as the share of job postings within a given sector that contain some information on proposed pay — increased over the past year in all

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