According to the latest Naukri JobSpeak index, demand for artificial intelligence (AI) and machine learning (ML) professionals rose 25% in May. The report says that employment by unicorns saw a robust 19% growth in May.
According to the report, employment of senior talents with over 15 years of experience (experts with over 15 years of experience) increased by 6%, while in the four- to seven years of work experience bracket, demand for professionals fell by -3%.
“The overall index was stable, but a deeper dive into the data revealed some pocket rises, such as AI/ml (25%). Industries such as insurance (6%), real estate (5%), BPO/ITES (4%), and hospitals (+4%) emerged as relatively bright spots,” the report states.
The employment trends in the white-collar job market remained stable in May. Nowkri's Jobspeak Index ended at 2,807 points, just past the base of last year's 2,799 points.
Although overall fresh employment remained flat in May, some non-IT industries have experienced significant growth, including insurance, real estate and hospitality. “Double-digit growth was growing in both metro and emerging cities, with Hyderabad (16%) and Kolkata (13%) leading in the Metros, while Kochi (23%) and Ahmedabad (13%) standing out among emerging cities,” the report said.
