5 Trends Shaping the Talent Driven Economy [New Research]

New report from the Indeed Hiring Lab on emerging job search trends

Six years ago, there were 6.2 unemployed job seekers for every one job opening. Today, it’s 1.7 unemployed job seekers for every job. That’s a big improvement and it means that rather than looking for any job, most candidates are now employed and can look for the right job.

To get a better understanding of what types of jobs people are looking for in this strengthening economy, the Indeed Hiring Lab examined job searches on Indeed to learn which queries have increased the most in the past year. The resulting report, The Talent Driven Economy: Emerging Interests of Today’s Job Seeker, provides in-depth analysis of the types of jobs that are capturing people’s attention across the country, in each region of the US and in key metro areas. From this analysis, five main trends emerged:

1. Candidates want flexible work options

Candidates today have more options and as a result, they’re searching for more flexible work options. Searches for part-time, work from home and remote jobs grew significantly. The search term “remote” grew 85% in the last two years.

Hiring and retaining talent may increasingly rely on the quality of someone’s work rather than when and where they do that work.

2. Interest in healthcare jobs is growing but still falls short of employer demand

In the past year, employers added an average 26,000 jobs per month in the healthcare field, and there has been particularly high demand for administrators, managers and technicians. The good news for these employers is that searches for jobs in healthcare administration grew by 23% in 2014 — the second fastest growing job search from the study.

The not-so-great news is that there is still a shortage of healthcare workers. Postings for healthcare jobs are nearly double the amount of interest from job seekers, which means that employers in this industry will be competing for talent as they try to attract new candidates to the field.

3. Oil and gas jobs had an up and down year

Fluctuations in the energy market led oil and gas jobs to be popular at the beginning of 2014 but less popular by the end of the year. Despite these ups and downs, energy-dominated states like Texas and Louisiana still saw growing interest in oil and gas jobs. In Houston, job searches for “drilling engineer” and “facilities manager” grew significantly: 54% and 41% respectively.

4. Job searches in key cities point to national trends

We noticed common themes among the job searches that grew the most in some of the nation’s largest cities. In many of these metro areas, highly specialized technical roles and HR functions are growing significantly.

New research highlights emerging job search trends in New York, Chicago, San Francisco, Dallas and more.

In today’s competitive labor market, it makes sense that people who can help organizations source and retain top talent are in high demand and that many people are pursuing these jobs. Across the country, searches for jobs such as “chief of staff,” “employee relations” and “corporate social responsibility” are growing quickly.

People with analytical skills are also on the lookout for new opportunities: “data scientist,” “actuarial” and “research analyst” are some rising search terms in many cities.

5. Interest in tech jobs extends beyond the tech industry

Our study showed that out of the top ten emerging jobs, six are tech jobs. Job searches like “digital marketing,” “web developer” and “information technology” are growing in popularity and span a number of industries.

Most companies today, regardless of which sector they serve, rely on people with software or IT skills. These candidates are in high demand and hard to find. Because they are needed across industries, companies of every kind are competing to attract tech-savvy talent.

In an environment characterized by this fierce competition, companies need to think strategically about how they reach candidates. Read the full report to get all the data, and register for our webinar to learn more about how this research can help you hire in the talent-driven economy.

Get your copy of the new report from the Indeed Hiring Lab