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What is the projected growth rate for the computer science job market in 2024?
What are the best ways to stand out in the competitive U.S. computer science job market in 2024?
To stand out in the competitive U.S. computer science job market in 2024, it’s crucial to focus on sharpening key technical skills like artificial intelligence, cybersecurity, and data analysis. Gaining certifications in these areas not only shows your expertise but also signals your dedication to keeping up with industry advancements.
Building a strong professional network is equally important. Attend conferences, participate in industry groups, and actively connect with peers on platforms like LinkedIn. When crafting your resume and job applications, make sure to emphasize transferable skills such as problem-solving, teamwork, and adaptability - qualities that employers consistently look for. By staying informed about industry trends and aligning your abilities with the latest technologies, you can position yourself as a top candidate.
How is AI shaping tech job roles and salary trends in 2024?
AI is reshaping the tech landscape in the U.S. by taking over repetitive tasks like data entry and basic customer support. This shift is reducing the need for certain administrative roles while fueling growth in fields such as AI development, machine learning, and data science.
In 2024, salaries for AI-focused roles, including machine learning engineers and data scientists, have climbed by 4% to 8% on average. This increase underscores the growing demand for specialized skills in AI technologies, making it clear that staying competitive in today’s job market requires building expertise in these areas.
I gathered this data from the two most comprehensive sources out there: TrueUp.io and Layoffs.fyi.
Here's a quick summary of the findings below:
There are 29.5% more tech job openings today than the low hit last March, and this positive trend has been largely steady
The YoY number of average daily tech layoffs has declined by roughly 20%
Notes on the stats below: the difference in total numbers is due to TrueUp's much larger dataset (it tracks more startups & non-US markets). Both still show a nice improvement --- the decline in average daily layoffs is around 24% on TrueUp and 14% on Layoffs.fyi. Also, I rounded the figures to the nearest 1K.
TrueUp.io
There are 211K open tech jobs today; there were 163K at the March 3, 2023 low. That said, the peak was 478K in April '22
In 2023, there were 429K people laid off by 2,001 tech companies (an average of 1,175 people/day)
So far in 2024, there have been 118K people laid off by 540 tech companies (an average of 891 people/day)
Layoffs.fyi
In 2023, there were 263K people laid off by 1,191 tech companies (an average of 721 people/day)
So far in 2024, there have been 81K people laid off by 287 tech companies (an average of 619 people/day)
If it doesn't feel like it's improving, hang in there. No market moves in a straight line...but at least the bumpy ride appears to be on the right track!
Edit: accidentally typed 2014 in body - updated to 2024.