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Is there some kind of tech crash happening right now?

indeed.com

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Re: Is there some kind of tech crash happening right now?

#11
This is a chart of searches for jobs, not listings of available jobs, right? And it's at the top around 2008-2009 which was just around the time of the latest financial crisis?

Wouldn't this be more a sign of just the opposite, then? People have jobs and aren't searching for new ones?

Re: Is there some kind of tech crash happening right now?

#15
That's an interesting graph, and it seems like a material downturn, in my opinion. I wouldn't call it a crash though.

There could be a variety of reasons: fiscal cliff concerns, startup series A crunch, etc. My guess is that the FB IPO debacle had a huge impact on funding in Silicon Valley, which probably killed a lot of jobs. Whether or not that's a big deal going forward I don't know.

Re: Is there some kind of tech crash happening right now?

#16
post #3

The same trend occurs for designers: http://www.indeed.com/jobtrends?q=web+design%2C+graphic+desi...

There's a secretary crash too! http://www.indeed.com/jobtrends?q=secretary&l=

But seriously, this is relative to other job postings, so you can't say it is necessarily a crash, it could just be that the diversity of job types is increasing, or other areas of the job market are growing faster than these particular ones.

Re: Is there some kind of tech crash happening right now?

#17

I have seen a lot of freelancers on Twitter tweeting that they have availability. So, another potentially interesting data point.

That could also just mean that more people are going freelance, which if true could also explain the down trend in job postings on indeed if more employers are working with freelancers instead of hiring.

Re: Is there some kind of tech crash happening right now?

#20
post #11

This is a chart of searches for jobs, not listings of available jobs, right? And it's at the top around 2008-2009 which was just around the time of the latest financial crisis? Wouldn't this be more a sign of just the opposite, then? People have jobs and aren't searching for new ones?

From the page: "This job trends graph shows the percentage of jobs we find that contain your search terms."

Sounds like they're crawling sites like Monster.com and counting keywords.

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