Takeaways:
- Job postings continue to hum along at 10.8% above the pre-pandemic baseline, and are now down 8.3% from January 17, 2024.
- Insurance job postings have gained ground in the past year, up 7.4% from January 17th, 2024.
- Education & Instruction job postings exhibit strong year-over-year wage growth of 4.1% through December 2024.
Indeed job postings
The US Indeed Job Posting Index (JPI) finished out the year in the same fashion it spent much of 2024, coasting along between 10 to 13% above the pre-pandemic baseline. As of January 17, 2025, job postings were down 8.3% from the same date last year as employer demand for workers continued to weaken, but remained 10.8% above the pre-pandemic baseline.
Business-to-business postings
Job posting trends inside the broader B2B vertical are a bit of a mixed bag. Insurance job postings have emerged as a bright spot in the category, up 7.4% in the year to January 17, 2025, and now 38.7% above their pre-pandemic baseline. Banking & Finance postings are holding up well, essentially even over the past year and just 6.5% below their pre-pandemic baseline. Software Development postings have yet to rebound from their post-pandemic recovery plummet — while down just 9.5% in the year to January 17, 2025, they remained flat for much of the second half of 2024.
Business-to-business wage growth
Wage growth in the B2B vertical covers a wide range. Posted salaries for Education & Instruction roles grew 4.1% year-over-year in December, well above the labor market average of 3.3%. Production & Manufacturing and Construction wages both grew at 2.4%, and have slowed only marginally in the past six months, with 0.2 and 0.7 percentage point declines, respectively. Software Development wages still lag the rest of the category, at 0.7% in December, likely attributable to consistently weak demand for these roles.
For more labor market insights from the Indeed Hiring Lab, visit us at hiringlab.org.