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Diving overview:
- AI jobs have weathered a widespread contraction in demand for technical talent. According to recent Indeed analysis. For the report, the company looked at job postings for technical roles on job boards from 2020 to the present.
- Employer demand for AI/ML engineers skyrockets 334% Since the beginning of 2020, Second fastest growing tech job on siteAccording to the company’s analysis. Machine learning engineers, another key position in AI development, remain in high demand and positions are increasing. nearly 60% increase since 2020.
- According to Indeed, AI-related roles bucked industry-wide trends. Overall tech job postings on the site increased significantly through 2022, but then declined by 36% from 2020 levels.
Dive Insight:
Technology job market Significant growth in 2021 and 2022the unemployment rate for IT-related jobs is on a downward trend. record low. The boom-and-bust cycle continues, and by 2023, technology companies will lay off thousands of workers.
Tech jobs never fully recovered, according to Indeed’s analysis.
“There are two main explanations for the sharp decline in demand for high-tech workers.” Brendon Barnard, economist at Indeed Hiring Lab, said: In the report. “One is that the industry is experiencing fallout from a previous employment boom, exacerbated by unsupportive economic conditions. … Another candidate is that the recent AI revolution has significantly reduced interest in hiring new tech workers.”
The push for broader adoption of AI in enterprises has accelerated targeted hiring for specialized roles. In contrast, roles like software developers have shrunk by nearly 49% since the pandemic, according to Indeed.
In addition to a more dynamic job market, candidates for AI-focused positions will also earn higher average salaries. IT professionals who are familiar with AI 18% salary booing expectedCompared to similar products, According to dice data since the beginning of this year.
“The strong demand for AI-related technology titles is also reflected in their salaries,” Bernard said. “Posted annual salaries for jobs like machine learning engineer (median $260,000 in 2024) often rank among the highest among common technology jobs.”
