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Ask HN: How are you finding the job market in July 2024?

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Re: Ask HN: How are you finding the job market in July 2024?

#51

Post by neilv »

I can't read much into anecdata. (Something as simple as a meaningless tweak to LinkedIn profile can stimulate recruiter outreaches. Also, number of outreaches isn't necessarily an indicator of available jobs.)

I'd be interested in hard insights (maybe it would have to come from levels.fyi or LinkedIn) like monthly charts of: number of new hires, salary&TC distributions, title or skillset distributions, by company/industry/size per month.

And similar monthly breakdowns for ended employment.

Internal promotion numbers would be great, too (and good incentive for employers to give attention to promotions and retention, rather than the fad of transactionally renting team members for only 18 months), but maybe harder to get.

Re: Ask HN: How are you finding the job market in July 2024?

#52

Post by game_the0ry »

thesuitonym wrote: post #27

Very bad in the US right now, but I spoke with a tech recruiter recently who told me that, in his experience, June and July are always slow months, across almost all industries. He thought it was due to summer vacations, and that in August, as hiring managers get back to work, things start to pick up, and that it only gets better as EOY approaches and department heads become eager to spend their budget. Here’s hoping…

> ... June and July are always slow months, across almost all industries. He thought it was due to summer vacations, and that in August, as hiring managers get back to work, things start to pick up, and that it only gets better as EOY approaches and department heads become eager to spend their budget.

This def makes sense in my experience. Fall was usually the most active period, with earl in the year (Jan + Feb) and mid summer (June + July) being the slowest.

Re: Ask HN: How are you finding the job market in July 2024?

#53

Post by xicano211 »

location: bay area, ca. experience: 8yrs, type: backend developer. The number of recruiters reaching out to me has dropped a good amount over the summer, but as noted by others, thats typical. Still get phone screens/interviews but im not very good at interviewing so still looking around, but i am fortunate to still get recruiters talking to me. Fortunately im still employed so pressure is less.

My personal observation is that there is a saturation of devs and companies are focused on saving cash so work will be tough to get for a bit. Eventually the market will sort itself and work will be more available.

Sucks for those that are unemployed - i was unemployed for 2 years so i know what it feels like. Best of luck.. things will eventually turn for the better, you just gotta ride it out

Re: Ask HN: How are you finding the job market in July 2024?

#55

Post by CSSer »

thesuitonym wrote: post #27

Very bad in the US right now, but I spoke with a tech recruiter recently who told me that, in his experience, June and July are always slow months, across almost all industries. He thought it was due to summer vacations, and that in August, as hiring managers get back to work, things start to pick up, and that it only gets better as EOY approaches and department heads become eager to spend their budget. Here’s hoping…

Yeah, I think I’ve started every job I’ve ever had in this industry in the early spring or early fall. The equivalent reasoning for the spring would be that they just got new budget and are doing much needed hiring.

Re: Ask HN: How are you finding the job market in July 2024?

#57

Post by robertlagrant »

bryanlarsen wrote: post #36
robertlagrant wrote: post #31

Earlier quoted context omitted.

From the looks of things the inflation has happened under the current president, and the next one will have to fix it.

The current annual inflation rate is 2.97%.

Here[0]. Look at post-2020. The rate might have now reduced a little, but it's still stacked on top of the previous higher inflation since 2020.

[0] https://fred.stlouisfed.org/graph/?g=WAVo

Re: Ask HN: How are you finding the job market in July 2024?

#58

Post by Tade0 »

thesuitonym wrote: post #27

Very bad in the US right now, but I spoke with a tech recruiter recently who told me that, in his experience, June and July are always slow months, across almost all industries. He thought it was due to summer vacations, and that in August, as hiring managers get back to work, things start to pick up, and that it only gets better as EOY approaches and department heads become eager to spend their budget. Here’s hoping…

That is more or less my experience having switched roles at least ten times in my career.

Specifically the last month of the quarter, except for June, is the best moment to start looking.

Financing decisions are made quarterly so projects normally start at the beginning of the quarter. The last month in the previous quarter is when recruitment KPIs begin to face deadlines.

Re: Ask HN: How are you finding the job market in July 2024?

#59

Post by silverquiet »

jethro_tell wrote: post #46
silverquiet wrote: post #21

If I get laid off, I'm going to see about a career change. These threads invoke too much anxiety for me.

I’m going through this right now, I used to be a carpenter and a farmer. About 15 years ago, I went into tech to pay for kids in the city. To some extent most of the jobs I find in tech seem to me to be societal busy work. And the people that make those jobs seem to take themselves a bit too seriously. I’m considering moving back to trades work instead of finding another infra job. I’ve had time to get my stuff sorte…

I live with physical disability, so my options are a bit limited. In theory a hip replacement might actually resolve that, but I don't know about working a trade with a joint replacement. I'm a competent carpenter, having learned from my father (my brother is one of the best I know, but got out of trades because the pay benefits were poor). I'd probably look at electrical or HVAC myself, but the thought of working summers in South Texas is also pretty daunting. Basically, there's no free lunch ;)

Re: Ask HN: How are you finding the job market in July 2024?

#60

Post by hn_throwaway_99 »

luzojeda wrote: post #18

Way better than 2023. 5 YOE web developer. From Argentina, though, we are benefitting from offshoring of course. But last year I had months with 0 reach outs. Nowadays every week at least 2 to 3 even with the looking for job Linkedin feature deactivated. Last month around day 10 I made [this]( https://i.imgur.com/uWoGaM3.png ) taking note of reach outs. My personal anecdata, ofc...

Upvoted your post because I think what you're seeing is the flip side of so many devs in the US (especially junior devs) seeing a bad job market, and also significant downward pressure on salaries.

Of course outsourcing existed before the pandemic, but the pandemic really made everyone get used to working remotely, so now there is hardly any difference working between devs in the same city vs thousands of miles away, as long as there is considerable time zone overlap. I've seen an explosion of outsourcing to LatAm and Eastern Europe (vs the Asian outsourcing of the early-to-mid 00s), and have worked with some fantastic devs in those locations. It makes it hard to justify hiring a fresh college grad in the US if you can get a great senior dev from Argentina for less money.

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