welcome back everybody generative AI generating opportunity in the labor market with job postings climbing 6,000 6000% this year Kate Rooney has more Kate he tell that's right so workers want to get in on that buzz around chat GPT and generative AI there's been a surge in interest in AI related jobs it's according to indeed searches that include AI were up 20 full the CEO tells me there's not nearly enough jobs though available to keep up with that demand so there's uh a about a 500% increase in the number of jobs that mention generative AI there's
about a 6,000 per increase in the demand for job Seekers for these jobs but there still is I think a mismatch the other way in that the total amount of demand for AI Talent far outstrips the number of AI professionals it is still a small subset of overall job searches it's less than 1% at this point indeed also pointing out a surprising resilience this year in that labor market despite recession predictions and then the fed's tightening even in Tech where we've seen waves of layoffs and steep valuation declines workers have largely been able to find
open positions certain areas though not holding up as well software development job postings down 51% information design down 44% mathematics down 40% these are also sectors that boomed during the pandemic some of that is mean reversion here and these happen to also be the areas indeed says are the most at risk for AI disruption they do say the drop is more about valuation and corporate belt tightening not necessarily the imminent threat of AI and then guys the bay area where I'm sitting right now it's way underperforming job postings are down 30% compared to a national
average of 16% indeed says it's likely due to about half of the jobs listed here having a remote option back to you that's really interesting uh I do want to go back to this though um where we are seeing the bigger job postings or or I guess drop in job postings that aren't AI related how easy it is it for those prospective employees to be able to sort of switch gears and apply the skills they already have to some of these more AI generative AI focused openings or is there going to be reskilling involved yeah
you would think software development mathematics those are things that go hand inand with generative Ai and it is sort of a broad term right if you can interact with generative AI if you can find a way to use it and really become proficient at chat GPT you're likely going to find those opportunities those skilled workers things like those talents that you have are L transferable and then you're also seeing in Tech a lot of layoffs but those people are for the most part able to find other jobs elsewhere and so you're not seeing it really
show up in the numbers people may be going through layoffs but they're able to find another option out there interesting mismatch I know he mentioned AI the other thing is a mismatch in remote work indeed pointed out this surge in people searching for remote work there are not nearly enough remote jobs out there so you're also seeing the impact of return to the to the office out there employers are not as eager to listen those jobs that might be remote key Point Kate Rooney thanks for joining us
