Tech unemployment rates have not skyrocketed despite mega layoffs earlier this year. Tech jobs, such as IT, engineering, and development roles, are still in demand, both within the technology industry and across other industries. Non-technology companies now have access to top tech talent that was previously locked in the tech industry. However, the overall job market has been impacted, with job openings falling to a two-year low and tech job posting volume decreasing. The Federal Reserve’s interest rate hikes may have contributed to the declining job data. Despite a shifting landscape, the tech jobs outlook remains somewhat positive.
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Mr. Editor