DHI Group $DHX MACD Buy Signal On Increase In Job Seekers In 2023

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DHI Group $DHX stock gave a MACD buy signal on December 29, 2022. $DHX stock is testing an upper downtrend channel resistance zone. The stock has a technical downtrend rating.

DHI Group stock chart on January 2 2023 with MACD buy signal
DHI Group stock chart on January 2 2023 with MACD buy signal

Tech Job Postings Are Up 25% in 2022; Demand for Talent Remains High

According to the recently released Tech Job Report from career marketplace Dice, a DHI Group brand, job postings for tech-focused roles across the economy are up 25% from January to October 2022, compared to the same period in 2021.

The continued strength of the market is being hidden by high-profile tech layoffs (more than 90,000 as of December 9, 2022, according to Crunchbase). According to Dice, more than 375,000 tech jobs were available to apply for as of October 2022, with many of them located in non-tech industries like healthcare, aerospace, finance, and consulting. As businesses continue to prioritize digital transformation initiatives, tech professionals are in high demand. For instance, job postings for software development engineers and back-end engineers have more than doubled since 2021.

“We’ve seen sustained strong demand for tech talent across key industries and sectors, as evidenced by our data showing an increase in job postings throughout 2022,” said Art Zeile, CEO of Dice. “With the continuing string of mass layoff announcements from high-profile tech companies, it can look like the sky is falling for tech hiring. In reality, with each Silicon Valley tech job elimination, there are still multiple unfilled roles waiting for that tech professional. The challenge and opportunity for established organizations will be in attracting and engaging with newly available talent to build out their tech teams.”

The majority of job postings for technology professionals are typically from tech companies, but Dice discovered that 52 percent of the top 50 employers of tech talent in 2022 (Jan-Oct) were from non-tech industries: healthcare, banking and finance, aerospace and defense, and consulting.

“Telemedicine continues its rapid expansion, people want to book their airfare and hotel rooms on their phones, we do our banking through an app — nearly every part of our lives is online today,” added Zeile. “Companies need to provide a seamless online and mobile experience for customers and protect the private information they hold, and that means companies need technology professionals with varied skill sets.”

Key takeaways from the CNBC Workforce Survey

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