Market update, May 3rd

$10k hires are back but we're still in the buyer's market

Weekly metrics

Candidates:
44,448 (+772)

Jobs:
15,050 (+116)

The number of jobs online raises two weeks in a row, a sign the market is recovering.

Candidates are up by 10% in April

The number of candidates online grew from 40k in March to over 44k in April.

Most of this growth is from candidates in active search. In contrast, candidates in passive search hold steady at <15k.

Most of the increase came from candidates in active search.

We’re still firmly in a buyer’s market

There was a very clear ‘market flip’ from the candidate’s market when the war broke out, and it largely remains this way.

In April, a job posting received 9.83 applications on average, up from 7.50 in March. An average candidate profile received 3.81 inbound messages, up from 3.20 in March.

Companies posted 20,000 jobs in April

The number is roughly the same as in March (19,614) and significantly lower than in February (27,198).

Categories that recovered the most are Python and Data Engineers, as well as Sales&Marketing and recruiting on a non-technical side.

$10k hires are back

Four out of the top10 most expensive hires in April were at $10,000 or more.

$10k hires are back – for how long?

Caveat: two of these $10k hires had occurred before the war started but were reported only in April. Still, it’s a remarkable contrast to early March, when the market seemed to have peaked at $8k.

Is the market recovering? Let me know what you think of this.