Outlook for the Tech Labor Market

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The US jobs report for April came in softer than expected, with nonfarm payrolls advancing 175 thousand last month, the smallest gain in six months. The unemployment rate also ticked up to 3.9% and wage gains slowed. Reach Capital Partner Jomayra Herrera joins Ed Ludlow to break down what the report means for tech jobs, and to explain why we tend to be bad at predicting what types of jobs will be created following large technology shifts like that of generative AI. She speaks on “Bloomberg Technology.”
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13 COMMENTS

  1. hahaha, Jomayra really doesn't check the news about tech or she doesn't understand tech. There are layoff in tech almost every week and the number of open tech jobs are small, Plus looking for a tech job right now it's crazy hard. There are a lot of competition for the same job opening. So it's hard to find a tech job. This lady is smoking something.

  8. College grads all crying and getting news coverage, meanwhile the unemployment rate for high school grads is double theirs and we have nonstop illegals coming in and keeping their wages from even rising by the rate of inflation.

  9. Hired too many people in the last of couple of years in technology. It is no surprise they are cutting. In fact, it is surprising they took so long. Still so much excess and I see so many employed have nothing to do for days at a stretch.

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