16.01.2024

DRAMATIC DROP IN JOB POSTINGS IN DECEMBER

In the last month of 2023, job postings fell 19 percent from the previous month, according to HR company and career site JobTiger's monthly analysis. The company states that this is a drop of nearly 7,000 offers on a monthly basis, with the total number of listings being around 30,000.

From there, they point out that traditionally in December there is a sharp drop in job advertisements due to the holidays during the Christmas and New Year holidays. As a result, many employers have stopped posting jobs online.

On an annual basis, growth is reported - job announcements are 9 percent more compared to the same period in 2022, and in almost every one of the sectors there are more offers compared to last year, the career site specifies.

As a share of advertisements in 2023, almost the same picture is observed, Job Tiger adds. A major change in the share distribution is reported in the IT sector, which occupied second place in terms of share of proposals in December 2022 with 15 percent, and in the same month in 2023 it was already in sixth place with a 9 percent share.

The distribution of advertisements in the remaining sectors in December 2023 is almost the same as in the other months of the year. In first place is the "Trade and Sales" sector with 25 percent, followed by the "Manufacturing" (15 percent) and "Hospitality and Restaurant" sectors (13 percent). Followed by the sectors "Administrative and service activities" (12 percent), "Logistics and transport" (11 percent), "IT" (9 percent), "Health care and pharmacy" (6 percent), "Construction" (5 percent) , "Accounting, Auditing, Finance" (5 percent), "Marketing and Advertising" (3 percent) and "Art" (2 percent).

In December 2023, the number of offers for work from home and/or remote work decreased by 19 percent compared to the previous month, as well as by 23 percent less than in December 2022. As a share of the total number of advertisements, this type of offer occupies 10 percent of the supply in the last month of the past year, according to Job Tiger. The distribution in the "IT" sector is 52 percent. "Administrative and service activities" ranks second with 18 percent. The "Outsourcing Industry" sectors followed with 15 percent and "Trade and Sales" with 8 percent.

As with all other indicators, in December 2023 there was a decline in offers in all the leading regional cities - Sofia (minus 21 percent), Plovdiv (minus 20 percent), Varna (minus 18 percent), Burgas (minus 21 percent), Ruse (minus 16 percent) and Stara Zagora (minus 16 percent). As for share distribution, the ads in Sofia are 45 percent, and in the other cities they are: Plovdiv (10 percent), Varna (8 percent), Burgas (4 percent), Ruse (3 percent) and Stara Zagora (3 percent).

In all probability, at the end of January, there will be an increase in offers on all the indicators considered by "Job Tiger".