New Indeed Analysis: Crypto Job Searches Dropped by Over 50% Yet Job Postings Up Over 25%
Indeed, a Texas-based recruitment platform recently published its research for Bitcoin and cryptocurrency jobs in 2019 which showed that there has been a significant decline in the interest of people searching for crypto jobs while the job posting in the industry has surged. The data indicated that the crypto job searches have declined by 53% in 2019, but the number of job postings has increased by 26%.
Indeed in its analysis looked into the data for the percentage change in both job searches as well as job postings per million from 2015-2019. The research found that there has been a significant increase in the interest of job seekers as well as employers if we look at the data from September 2015-2019. The analysis suggested that there was a huge 1,457% surge per million in crypto jobs in the four year period, while the searches for these jobs bumped by 467% during the same time frame.
The study found out that the craze for Bitcoin, cryptocurrency and blockchain jobs started to fade out after the 2017 massive bull run which was followed by a bear market which continued throughout 2018. Prior to the bear market, the job seekers' demand always outgrew the jobs available in the market in the year-over-year period from 2015 to 2016 and from 2016 to 2017.
Software Engineers in Great Demand
Blockchain development is a complex, time consuming costly affair, and thus many firms have started to rely on blockchain as a service to put their data on the blockchain. Thus there is a huge demand for software engineers in the blockchain and crypto space. Software engineers are required in every aspect of any blockchain or crypto centered firms, be it smart contract coding, dapp development or any crypto-related interface.
Top 5 tech jobs include:
- Software engineer
- Senior software engineer
- Software architect
- Full-stack developer
- Front end developer
The research also suggested that the top hiring firms include several IT and consulting companies like IBM, Crypto companies like Coinbase, Ripple, Kraken, several commercial and central banks, and a few non-financial companies such as Collins Aerospace.