Market Signals – Global Job Market Trends – May 2024 summarized!

How did the job market change in May 2024? Selected aspects: Europe (38 countries): +1.23% = 17 European countries saw an increase.

What do the other market signals tell us? Here’s a preview of what we have analyzed so far:
- gathered 18 270 data points
- received over 500 insights from Executives & HR Directors
- published 107 monthly reports, 870 daily updates & 13 special reports
- tracked 80 countries around the world for 48 months!

Check out our post summarizing the changes across 80 countries worldwide for May 2024! It also includes tips for employers and employees – covering e.g. CV for ATS: https://blog.careerangels.eu/market-signals-global-job-market-trends-may-2024-summarized/

#Markets #Jobs #Europe #CareerAngels

1. Candidate or
employer's market?
Global
job
market
May 2024

2. Global
job
market
May 2024

3. Given the nature of our business (career consulting), Career Angels
wants and needs to understand how macroeconomic changes
actually influence the job market. We, therefore, record, process
and analyze e.g. unemployment levels or the number of published
job ads on LinkedIn. So far we have:
gathered 18 270 data points
received over 500 insights from Executives & HR Directors
published 107 monthly reports, 870 daily updates & 13 special
reports
tracked 80 countries around the world for 48 months!
Market Signals
Status: June 2024
© by Career Angels

4. Slideshare
www.slideshare.net/CareerAngels/

5. Market Signals
www.linkedin.com/showcase/market-signals/

6. Why do we do that? Who can find our data useful?
From the employer's perspective: bigger demand for
candidates = salaries and/or benefit packages go up.
The "post and pray" approach might not work. On the
other hand, more candidates, more choice, more
negotiation flexibility.
From the candidate's perspective: bigger demand
= "less effort" put into job search (less time, more space
to negotiate salary).
Supply & demand
- candidates

7. Global reach
Europe in detail
Global perspective
Germany, UK, US
DACH
Belgium, Poland, Italy
Structure
+ lots of tips!

8. August
Global reach
The changes in the number of job ads on LinkedIn that we track
across Europe, Africa and the Americas for May 2024.

9. August
Global reach
The changes in the number of job ads on LinkedIn that we track
across Europe, Africa and the Americas for May 2024.
Africa Overview
Initial:
70,495 job ads
Week 18
(April 29)
Final:
78,927 job ads
Week 22
(May 27)
Result:
+11.96%

10. Global reach
The changes in the number of job ads on LinkedIn that we track
across Europe, Africa and the Americas for May 2024.
Americas Overview
Initial:
6,524,564 job ads
Week 18
(April 29)
Final:
7,018,546 job ads
Week 22
(May 27)
Result:
+7.57%

11. Global reach
The changes in the number of job ads on LinkedIn that we track
across Europe, Africa and the Americas for May 2024.
Europe Overview
Initial:
3,613,835 job ads
Week 18
(April 29)
Final:
3,658,464 job ads
Week 22
(May 27)
Result:
+1.23%

12. May brought an increase of +1.23% in the number of job ads.
Europe
Monthly Overview
Initial:
3,613,835 job ads
Week 18
(April 29)
Final:
3,658,464 job ads
Week 22
(May 27)
Result:
+1.23%

13. Europe - 38 countries
May Winners

14. Europe - 38 countries
May Losers

15. Europe - 38 countries
May Losers

16. Actively looking for a job?
Join the Hidden Job Market on LinkedIn
to find the best job ad gems for executives!
A group for experienced managers in Europe:
www.LinkedIn.com/Groups/7454252

17. remote edition
for executives
hidden
job
market

18. Global perspective
TOP 20:
Australia
Brazil
Canada
China
France
Germany
India
Indonesia
Italy
Japan
Mexico
Netherlands
Russia
Saudi Arabia
South Korea
Spain
Switzerland
Turkey
UK
US
Americas (22):
Argentina
Bolivia
Brazil
Canada
Chile
Colombia
Costa Rica
Cuba
Dominican Republic
Ecuador
El Salvador
Guatemala
Haiti
Honduras
Mexico
Nicaragua
Panama
Paraguay
Peru
United States
Uruguay
Venezuela
Africa (10):
Algeria
Angola
Egypt
Ethiopia
Ghana
Kenya
Morocco
Nigeria
South Africa
Tanzania
Europe (38):
Albania
Andorra
Austria
Belgium
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czechia
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Moldova
Montenegro
Netherlands
North Macedonia
Norway
Poland
Portugal
Romania
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Ukraine
Annual differences

19. May
Germany, UK, US
The differences in the number of job ads on LinkedIn that we track
across Germany, UK & US for May 2024.
US Summary:
Initial: 5,327,656
Final: 5,797,165
Result: +8.81%
UK Summary:
Initial: 645,333
Final: 646,873
Result: +0.24%
Germany Summary:
Initial: 894,513
Final: 924,264
Result: +3.33%

20. August
Germany, UK, US
The differences in the number of job ads on LinkedIn that we track
across Germany, UK & US for April 2024 & May 2024.
April May
US Summary:
Initial: 5,411,115
Final: 5,797,165
Result: +7.13%
UK Summary:
Initial: 613,415
Final: 646,873
Result: +5.45%
Germany Summary:
Initial: 881,444
Final: 924,264
Result: +4.86%

21. Always take into consideration the supply of (unemployment rates)
and demand for candidates (available job ads), to decide which
option will work the best to attract talent:
post & pray
active sourcing using Social Media, incl. LinkedIn
hiring a recruitment agency
(active) employer branding, incl. definition of candidate persona
So what does that mean?
Employer perspective

22. Taking into consideration the supply of and demand for candidates
(in other words: how many candidates compete for the same role):
set a precise career / job search goal
position yourself well as a candidate
have two CVs: one for humans, one for ATS
prepare your LinkedIn profile: for humans, for the algorithm
generate interest through all four channels on the job market
So what does that mean?
Candidate perspective

23. 1) Download our CV ATS Guide:
https://blog.careerangels.eu/ats-guide/
...or watch this video:
www.linkedin.com/feed/update/urn:li:activity:6970412269838950400
2) Request a CV ATS Report:
Send an email to [email protected]
Attach your CV
Subject: "ATS Compliance Report"
Tip: Your CV should score at least 80%
to increase your chances of landing an interview!
CV for humans vs. ATS

24. If you are an experienced manager or executive,
request a confidential Career Consultation - free of
charge & no strings attached - via this link:
www.CareerAngels.eu/b2c/Request-a-Free-Career-Consultation
or send an email to:
[email protected]
Subject: Career Consultation
Want to talk?

25. DACH
The number of job ads on LinkedIn that we track across
DACH for May 2024.
Germany Summary:
Initial: 894,513
Final: 924,264
Result: +3.33%
Austria Summary:
Initial: 47,133
Final: 47,223
Result: +0.19%
Switzerland Summary:
Initial: 84,111
Final: 87,342
Result: +3.84%
May

26. DACH
The number of job ads on LinkedIn that we track across
DACH for April 2024 & May 2024.
Germany Summary:
Initial: 881,444
Final: 924,264
Result: +4.86%
Austria Summary:
Initial: 48,133
Final: 47,223
Result: -1.89%
Switzerland Summary:
Initial: 80,310
Final: 87,342
Result: +8.76%
April May

27. Selected countries
The number of job ads on LinkedIn tracked across
Belgium, Italy & Poland for May 2024.
May
Belgium Summary:
Initial: 94,967
Final: 104,553
Result: +10.09%
Italy Summary:
Initial: 140,171
Final: 150,495
Result: +7.37%
Poland Summary:
Initial: 96,623
Final: 95,328
Result: -1.34%

29. Udemy course
www.Udemy.com/Course/Every-Step-of-the-Job-
Search-Explained-Backed-by-Research/

30. YouTube Channel
www.Youtube.com/c/CareerAngels

31. If you think our know-how and tips are of value,
you can thank us by following our content or buying us
a virtual coffee!
How to thank us
www.CareerAngels.eu/how-to-thank-us/

32. Thank you for reading!