Monitor · Labour markets
AI Jobs MonitorUS tech employment, developer demand and who gets hired
Employers are posting more software jobs while tech employment keeps falling. This page tracks that split, and who pays for it, after every US jobs report. Every figure links to its source.
This month’s note ·
Developer postings and tech payrolls pull further apart
Indeed's index of US software development postings, where 100 is the February 2020 level, rose to 79.4 in October, its highest since August 2023. Information sector jobs went the other way, down 1,000 to 2,734,000, the lowest since October 2014 once you set aside March to December 2020. That widens the gap on postings against payrolls to 22.7 points, from 19.2 points a month earlier. It is the number I watch most, because it sets what employers advertise against who they actually employ.
The wider labour market moved the other way. All US jobs rose by 165,000 to 159.3 million, the highest in data going back to January 2000, and the quits rate, the share of workers leaving a job by choice, climbed to 2.1% in September, its highest since June 2025 though still under the 2.3% seen before the pandemic. Layoffs and discharges eased to 1.0%, below the 2019 average of 1.2%, so the weakness still sits in hiring more than in firing. The next update is on 4 December 2026.
Chart 3
Postings up, payrolls down
United States, January 2025 = 100. Software development postings on Indeed against information sector employment.
The six charts
Each chart marks three dates: the first Federal Reserve rate rise (16 March 2022), the launch of ChatGPT (30 November 2022) and the first rate cut (18 September 2024).
Chart 1
The economy grew. Tech shrank.
United States, January 2020 = 100. Payroll employment, seasonally adjusted.
Since January 2020 all US jobs are up 4.8%. Over the same period information sector jobs are down 5.8% and IT services jobs are up 5.6%.
Show the data
| Month | All jobs | IT services | Information |
|---|---|---|---|
| Oct 2026 | 104.8 | 105.6 | 94.2 |
| Sep 2026 | 104.7 | 105.5 | 94.3 |
| Aug 2026 | 104.6 | 105.8 | 94.7 |
| Jul 2026 | 104.5 | 106.0 | 95.4 |
| Jun 2026 | 104.5 | 106.3 | 95.2 |
| May 2026 | 104.5 | 106.3 | 95.9 |
| Apr 2026 | 104.5 | 106.3 | 96.1 |
| Mar 2026 | 104.4 | 106.3 | 96.3 |
| Feb 2026 | 104.2 | 106.8 | 96.2 |
| Jan 2026 | 104.3 | 106.5 | 97.0 |
| Dec 2025 | 104.2 | 106.8 | 98.0 |
| Nov 2025 | 104.2 | 106.9 | 98.2 |
| Oct 2025 | 104.2 | 106.8 | 98.3 |
| Sep 2025 | 104.3 | 107.1 | 98.6 |
| Aug 2025 | 104.2 | 107.4 | 98.6 |
| Jul 2025 | 104.3 | 107.5 | 98.6 |
| Jun 2025 | 104.2 | 107.7 | 98.7 |
| May 2025 | 104.3 | 108.2 | 98.7 |
| Apr 2025 | 104.2 | 108.2 | 98.8 |
| Mar 2025 | 104.2 | 108.1 | 98.8 |
| Feb 2025 | 104.1 | 108.4 | 99.1 |
| Jan 2025 | 104.1 | 108.9 | 99.2 |
| Dec 2024 | 104.1 | 109.1 | 99.8 |
| Nov 2024 | 104.0 | 109.0 | 99.4 |
| Oct 2024 | 103.9 | 109.2 | 99.5 |
| Sep 2024 | 103.9 | 109.4 | 100.1 |
| Aug 2024 | 103.8 | 109.4 | 100.3 |
| Jul 2024 | 103.8 | 109.6 | 100.6 |
| Jun 2024 | 103.7 | 109.7 | 101.0 |
| May 2024 | 103.7 | 109.5 | 101.0 |
| Apr 2024 | 103.6 | 109.5 | 101.3 |
| Mar 2024 | 103.6 | 109.5 | 101.7 |
| Feb 2024 | 103.4 | 109.7 | 102.0 |
| Jan 2024 | 103.3 | 109.8 | 102.1 |
| Dec 2023 | 103.2 | 109.9 | 102.1 |
| Nov 2023 | 103.1 | 110.0 | 102.1 |
| Oct 2023 | 103.0 | 110.1 | 101.7 |
| Sep 2023 | 102.9 | 110.2 | 102.6 |
| Aug 2023 | 102.8 | 110.7 | 102.8 |
| Jul 2023 | 102.6 | 110.9 | 103.4 |
| Jun 2023 | 102.5 | 111.0 | 104.1 |
| May 2023 | 102.4 | 111.2 | 104.6 |
| Apr 2023 | 102.2 | 111.4 | 104.9 |
| Mar 2023 | 102.0 | 111.4 | 105.1 |
| Feb 2023 | 102.0 | 111.3 | 105.1 |
| Jan 2023 | 101.8 | 111.2 | 105.5 |
| Dec 2022 | 101.5 | 111.4 | 106.6 |
| Nov 2022 | 101.5 | 111.4 | 107.4 |
| Oct 2022 | 101.3 | 111.2 | 106.9 |
| Sep 2022 | 101.0 | 110.8 | 106.7 |
| Aug 2022 | 100.9 | 110.5 | 106.8 |
| Jul 2022 | 100.7 | 110.3 | 106.7 |
| Jun 2022 | 100.2 | 110.3 | 106.0 |
| May 2022 | 99.9 | 110.1 | 105.4 |
| Apr 2022 | 99.7 | 109.6 | 104.6 |
| Mar 2022 | 99.5 | 109.3 | 104.0 |
| Feb 2022 | 99.2 | 108.3 | 103.1 |
| Jan 2022 | 98.7 | 108.0 | 102.9 |
| Dec 2021 | 98.5 | 107.2 | 102.3 |
| Nov 2021 | 98.2 | 106.7 | 101.9 |
| Oct 2021 | 97.7 | 106.0 | 101.3 |
| Sep 2021 | 97.2 | 105.4 | 100.6 |
| Aug 2021 | 96.9 | 104.6 | 100.1 |
| Jul 2021 | 96.5 | 104.1 | 99.3 |
| Jun 2021 | 95.9 | 103.1 | 97.3 |
| May 2021 | 95.4 | 102.3 | 97.1 |
| Apr 2021 | 95.1 | 102.0 | 96.4 |
| Mar 2021 | 94.9 | 101.4 | 95.5 |
| Feb 2021 | 94.3 | 100.9 | 95.3 |
| Jan 2021 | 94.0 | 100.2 | 94.7 |
| Dec 2020 | 93.8 | 99.7 | 93.5 |
| Nov 2020 | 93.9 | 99.1 | 92.9 |
| Oct 2020 | 93.7 | 98.8 | 92.5 |
| Sep 2020 | 93.3 | 98.3 | 92.9 |
| Aug 2020 | 92.6 | 97.9 | 91.0 |
| Jul 2020 | 91.6 | 97.2 | 90.4 |
| Jun 2020 | 90.6 | 97.3 | 90.4 |
| May 2020 | 87.5 | 97.2 | 89.9 |
| Apr 2020 | 85.8 | 97.2 | 91.1 |
| Mar 2020 | 99.3 | 99.6 | 100.0 |
| Feb 2020 | 100.2 | 100.3 | 100.3 |
| Jan 2020 | 100.0 | 100.0 | 100.0 |
Source: Bureau of Labor Statistics via FRED (PAYEMS, USINFO, CES6054150001).
Chart 2
Demand for software developers
United States, Indeed job postings index, 1 February 2020 = 100. Monthly average of the daily index.
Software development postings averaged 79.4 in October 2026, up 22.3% on a year ago. That is 65.4% below the February 2022 peak and 27.4% above the March 2025 low. All postings on Indeed stand at 103.9.
Show the data
| Month | All postings | Software dev |
|---|---|---|
| Oct 2026 | 103.9 | 79.4 |
| Sep 2026 | 103.2 | 77.1 |
| Aug 2026 | 101.9 | 74.4 |
| Jul 2026 | 101.6 | 75.0 |
| Jun 2026 | 100.8 | 73.1 |
| May 2026 | 101.9 | 74.1 |
| Apr 2026 | 102.7 | 72.8 |
| Mar 2026 | 103.9 | 71.6 |
| Feb 2026 | 104.6 | 70.3 |
| Jan 2026 | 103.3 | 68.1 |
| Dec 2025 | 102.9 | 66.9 |
| Nov 2025 | 101.3 | 66.2 |
| Oct 2025 | 101.0 | 64.9 |
| Sep 2025 | 102.8 | 64.7 |
| Aug 2025 | 104.8 | 66.1 |
| Jul 2025 | 104.3 | 65.4 |
| Jun 2025 | 105.3 | 65.4 |
| May 2025 | 105.9 | 62.7 |
| Apr 2025 | 106.8 | 63.5 |
| Mar 2025 | 107.8 | 62.3 |
| Feb 2025 | 109.3 | 64.9 |
| Jan 2025 | 110.2 | 67.5 |
| Dec 2024 | 110.3 | 67.4 |
| Nov 2024 | 109.5 | 67.3 |
| Oct 2024 | 110.1 | 68.7 |
| Sep 2024 | 112.4 | 69.4 |
| Aug 2024 | 113.4 | 68.4 |
| Jul 2024 | 113.7 | 70.1 |
| Jun 2024 | 114.2 | 69.9 |
| May 2024 | 115.9 | 69.1 |
| Apr 2024 | 118.5 | 70.4 |
| Mar 2024 | 118.6 | 70.8 |
| Feb 2024 | 118.2 | 71.1 |
| Jan 2024 | 119.4 | 71.8 |
| Dec 2023 | 121.3 | 72.5 |
| Nov 2023 | 123.3 | 73.0 |
| Oct 2023 | 124.9 | 75.1 |
| Sep 2023 | 127.0 | 77.3 |
| Aug 2023 | 128.5 | 79.4 |
| Jul 2023 | 129.4 | 83.5 |
| Jun 2023 | 131.8 | 86.9 |
| May 2023 | 134.7 | 97.3 |
| Apr 2023 | 136.0 | 98.1 |
| Mar 2023 | 135.0 | 102.5 |
| Feb 2023 | 136.6 | 114.1 |
| Jan 2023 | 140.6 | 126.3 |
| Dec 2022 | 144.4 | 135.3 |
| Nov 2022 | 147.7 | 147.1 |
| Oct 2022 | 148.5 | 160.7 |
| Sep 2022 | 150.6 | 173.9 |
| Aug 2022 | 153.4 | 187.3 |
| Jul 2022 | 155.7 | 202.0 |
| Jun 2022 | 158.6 | 217.9 |
| May 2022 | 160.4 | 226.7 |
| Apr 2022 | 159.8 | 224.8 |
| Mar 2022 | 160.4 | 228.7 |
| Feb 2022 | 159.2 | 229.2 |
| Jan 2022 | 156.5 | 216.1 |
| Dec 2021 | 157.2 | 213.8 |
| Nov 2021 | 152.9 | 202.5 |
| Oct 2021 | 147.0 | 186.3 |
| Sep 2021 | 143.1 | 173.6 |
| Aug 2021 | 139.1 | 158.2 |
| Jul 2021 | 137.4 | 145.7 |
| Jun 2021 | 133.4 | 137.5 |
| May 2021 | 128.7 | 131.3 |
| Apr 2021 | 122.0 | 120.4 |
| Mar 2021 | 110.6 | 112.2 |
| Feb 2021 | 103.2 | 102.6 |
| Jan 2021 | 97.7 | 93.4 |
| Dec 2020 | 94.8 | 90.0 |
| Nov 2020 | 93.5 | 83.6 |
| Oct 2020 | 90.5 | 77.8 |
| Sep 2020 | 86.3 | 72.9 |
| Aug 2020 | 83.0 | 70.1 |
| Jul 2020 | 78.3 | 67.3 |
| Jun 2020 | 70.1 | 65.2 |
| May 2020 | 62.9 | 66.6 |
| Apr 2020 | 68.2 | 77.4 |
| Mar 2020 | 94.5 | 98.2 |
| Feb 2020 | 100.0 | 99.7 |
Source: Indeed Hiring Lab via FRED, monthly average of the daily index (IHLIDXUS, IHLIDXUSTPSOFTDEVE).
Chart 3
Postings up, payrolls down
United States, January 2025 = 100. Software development postings on Indeed against information sector employment.
Since January 2025 software development postings are up 17.7% while information sector jobs are down 5.0%, a gap of 22.7 points.
Show the data
| Month | Software postings | Information jobs |
|---|---|---|
| Oct 2026 | 117.7 | 95.0 |
| Sep 2026 | 114.3 | 95.1 |
| Aug 2026 | 110.3 | 95.4 |
| Jul 2026 | 111.2 | 96.2 |
| Jun 2026 | 108.4 | 96.0 |
| May 2026 | 109.9 | 96.7 |
| Apr 2026 | 107.9 | 96.9 |
| Mar 2026 | 106.1 | 97.1 |
| Feb 2026 | 104.2 | 97.0 |
| Jan 2026 | 101.0 | 97.8 |
| Dec 2025 | 99.2 | 98.8 |
| Nov 2025 | 98.2 | 99.0 |
| Oct 2025 | 96.2 | 99.2 |
| Sep 2025 | 96.0 | 99.4 |
| Aug 2025 | 98.0 | 99.4 |
| Jul 2025 | 97.0 | 99.4 |
| Jun 2025 | 96.9 | 99.5 |
| May 2025 | 92.9 | 99.5 |
| Apr 2025 | 94.2 | 99.6 |
| Mar 2025 | 92.4 | 99.7 |
| Feb 2025 | 96.1 | 100.0 |
| Jan 2025 | 100.0 | 100.0 |
Source: Indeed Hiring Lab via FRED (monthly average of the daily index); Bureau of Labor Statistics via FRED (IHLIDXUSTPSOFTDEVE, USINFO).
Chart 4
Hiring door, not firing door
United States, all industries, percent of employment. Job openings data run a month behind the jobs report.
In September 2026 the hires rate was 3.4% and the quits rate 2.1%, against 2019 averages of 3.9% and 2.3%. The layoffs and discharges rate was 1.0%, below its 2019 average of 1.2%.
Show the data
| Month | Hires % | Quits % | Layoffs % |
|---|---|---|---|
| Sep 2026 | 3.4 | 2.1 | 1.0 |
| Aug 2026 | 3.3 | 1.9 | 1.1 |
| Jul 2026 | 3.2 | 1.9 | 1.1 |
| Jun 2026 | 3.4 | 2.0 | 1.1 |
| May 2026 | 3.3 | 2.0 | 1.1 |
| Apr 2026 | 3.3 | 1.9 | 1.0 |
| Mar 2026 | 3.5 | 2.0 | 1.2 |
| Feb 2026 | 3.1 | 1.9 | 1.1 |
| Jan 2026 | 3.4 | 2.0 | 1.0 |
| Dec 2025 | 3.3 | 2.0 | 1.1 |
| Nov 2025 | 3.2 | 2.0 | 1.0 |
| Oct 2025 | 3.3 | 1.9 | 1.2 |
| Sep 2025 | 3.3 | 1.9 | 1.1 |
| Aug 2025 | 3.2 | 2.0 | 1.2 |
| Jul 2025 | 3.3 | 2.0 | 1.1 |
| Jun 2025 | 3.4 | 2.1 | 1.2 |
| May 2025 | 3.4 | 2.1 | 1.1 |
| Apr 2025 | 3.4 | 2.0 | 1.1 |
| Mar 2025 | 3.4 | 2.2 | 1.0 |
| Feb 2025 | 3.3 | 2.0 | 1.2 |
| Jan 2025 | 3.3 | 2.0 | 1.1 |
| Dec 2024 | 3.3 | 1.9 | 1.1 |
| Nov 2024 | 3.3 | 1.9 | 1.2 |
| Oct 2024 | 3.3 | 2.0 | 1.0 |
| Sep 2024 | 3.4 | 2.0 | 1.1 |
| Aug 2024 | 3.3 | 2.1 | 1.1 |
| Jul 2024 | 3.4 | 2.1 | 1.1 |
| Jun 2024 | 3.3 | 2.1 | 0.9 |
| May 2024 | 3.5 | 2.1 | 1.1 |
| Apr 2024 | 3.5 | 2.2 | 1.0 |
| Mar 2024 | 3.5 | 2.1 | 1.0 |
| Feb 2024 | 3.6 | 2.2 | 1.1 |
| Jan 2024 | 3.6 | 2.1 | 1.0 |
| Dec 2023 | 3.6 | 2.2 | 1.1 |
| Nov 2023 | 3.5 | 2.3 | 1.0 |
| Oct 2023 | 3.7 | 2.3 | 1.0 |
| Sep 2023 | 3.7 | 2.3 | 1.0 |
| Aug 2023 | 3.7 | 2.3 | 1.1 |
| Jul 2023 | 3.6 | 2.3 | 1.1 |
| Jun 2023 | 3.8 | 2.4 | 1.1 |
| May 2023 | 3.9 | 2.6 | 1.0 |
| Apr 2023 | 3.8 | 2.3 | 1.1 |
| Mar 2023 | 3.8 | 2.4 | 1.2 |
| Feb 2023 | 3.9 | 2.5 | 1.0 |
| Jan 2023 | 4.1 | 2.5 | 1.1 |
| Dec 2022 | 4.0 | 2.7 | 1.0 |
| Nov 2022 | 4.0 | 2.6 | 1.0 |
| Oct 2022 | 4.0 | 2.6 | 1.0 |
| Sep 2022 | 4.0 | 2.7 | 0.9 |
| Aug 2022 | 4.2 | 2.8 | 1.0 |
| Jul 2022 | 4.2 | 2.6 | 1.0 |
| Jun 2022 | 4.3 | 2.7 | 1.0 |
| May 2022 | 4.2 | 2.8 | 1.0 |
| Apr 2022 | 4.3 | 3.0 | 0.9 |
| Mar 2022 | 4.4 | 2.9 | 0.9 |
| Feb 2022 | 4.5 | 2.8 | 0.9 |
| Jan 2022 | 4.3 | 2.9 | 0.9 |
| Dec 2021 | 4.5 | 2.9 | 0.9 |
| Nov 2021 | 4.6 | 3.0 | 0.9 |
| Oct 2021 | 4.5 | 2.8 | 0.9 |
| Sep 2021 | 4.5 | 2.9 | 1.0 |
| Aug 2021 | 4.3 | 2.8 | 0.9 |
| Jul 2021 | 4.6 | 2.8 | 1.0 |
| Jun 2021 | 4.5 | 2.8 | 0.9 |
| May 2021 | 4.1 | 2.6 | 0.9 |
| Apr 2021 | 4.2 | 2.7 | 1.0 |
| Mar 2021 | 4.3 | 2.5 | 1.0 |
| Feb 2021 | 4.1 | 2.4 | 1.1 |
| Jan 2021 | 3.9 | 2.3 | 1.1 |
| Dec 2020 | 3.9 | 2.4 | 1.3 |
| Nov 2020 | 4.1 | 2.2 | 1.5 |
| Oct 2020 | 4.3 | 2.3 | 1.2 |
| Sep 2020 | 4.2 | 2.2 | 1.1 |
| Aug 2020 | 4.3 | 2.1 | 1.1 |
| Jul 2020 | 4.5 | 2.2 | 1.3 |
| Jun 2020 | 5.4 | 1.9 | 1.6 |
| May 2020 | 6.1 | 1.7 | 1.6 |
| Apr 2020 | 3.1 | 1.5 | 7.0 |
| Mar 2020 | 3.4 | 1.9 | 8.6 |
| Feb 2020 | 3.9 | 2.3 | 1.3 |
| Jan 2020 | 3.9 | 2.3 | 1.2 |
Source: Bureau of Labor Statistics, Job Openings and Labor Turnover Survey, via FRED (JTSHIR, JTSQUR, JTSLDR).
Chart 5
The ladder is losing its bottom rungs
United States, unemployment rate, seasonally adjusted. The lower panel shows the teenage rate as a multiple of the overall rate.
Unemployment among 16 to 19 year olds was 13.9% in October 2026, 3.4 times the 4.1% rate for all workers. In 2019 the teenage rate averaged 12.7%.
Teenage rate as a multiple of the overall rate
Show the data
| Month | Ages 16 to 19 % | All workers % | Ratio |
|---|---|---|---|
| Oct 2026 | 13.9 | 4.1 | 3.4 |
| Sep 2026 | 14.5 | 4.2 | 3.5 |
| Aug 2026 | 14.1 | 4.1 | 3.4 |
| Jul 2026 | 12.1 | 4.1 | 3.0 |
| Jun 2026 | 14.6 | 4.2 | 3.5 |
| May 2026 | 14.7 | 4.3 | 3.4 |
| Apr 2026 | 14.4 | 4.3 | 3.3 |
| Mar 2026 | 13.7 | 4.3 | 3.2 |
| Feb 2026 | 14.9 | 4.4 | 3.4 |
| Jan 2026 | 13.6 | 4.3 | 3.2 |
| Dec 2025 | 15.7 | 4.4 | 3.6 |
| Nov 2025 | 16.3 | 4.5 | 3.6 |
| Oct 2025 | |||
| Sep 2025 | 13.3 | 4.4 | 3.0 |
| Aug 2025 | 13.9 | 4.3 | 3.2 |
| Jul 2025 | 15.2 | 4.3 | 3.5 |
| Jun 2025 | 14.5 | 4.1 | 3.5 |
| May 2025 | 13.4 | 4.3 | 3.1 |
| Apr 2025 | 13.0 | 4.2 | 3.1 |
| Mar 2025 | 13.8 | 4.2 | 3.3 |
| Feb 2025 | 13.0 | 4.2 | 3.1 |
| Jan 2025 | 11.8 | 4.0 | 3.0 |
| Dec 2024 | 12.3 | 4.1 | 3.0 |
| Nov 2024 | 13.0 | 4.2 | 3.1 |
| Oct 2024 | 13.8 | 4.1 | 3.4 |
| Sep 2024 | 14.3 | 4.1 | 3.5 |
| Aug 2024 | 14.3 | 4.2 | 3.4 |
| Jul 2024 | 12.5 | 4.2 | 3.0 |
| Jun 2024 | 12.2 | 4.1 | 3.0 |
| May 2024 | 12.3 | 3.9 | 3.2 |
| Apr 2024 | 11.8 | 3.9 | 3.0 |
| Mar 2024 | 12.5 | 3.9 | 3.2 |
| Feb 2024 | 12.6 | 3.9 | 3.2 |
| Jan 2024 | 10.7 | 3.7 | 2.9 |
| Dec 2023 | 11.8 | 3.8 | 3.1 |
| Nov 2023 | 11.3 | 3.7 | 3.1 |
| Oct 2023 | 13.2 | 3.9 | 3.4 |
| Sep 2023 | 11.7 | 3.7 | 3.2 |
| Aug 2023 | 12.3 | 3.7 | 3.3 |
| Jul 2023 | 11.3 | 3.5 | 3.2 |
| Jun 2023 | 11.2 | 3.6 | 3.1 |
| May 2023 | 10.3 | 3.6 | 2.9 |
| Apr 2023 | 9.4 | 3.4 | 2.8 |
| Mar 2023 | 9.8 | 3.5 | 2.8 |
| Feb 2023 | 11.1 | 3.6 | 3.1 |
| Jan 2023 | 10.6 | 3.5 | 3.0 |
| Dec 2022 | 10.4 | 3.5 | 3.0 |
| Nov 2022 | 11.2 | 3.6 | 3.1 |
| Oct 2022 | 10.7 | 3.6 | 3.0 |
| Sep 2022 | 11.4 | 3.5 | 3.3 |
| Aug 2022 | 10.2 | 3.6 | 2.8 |
| Jul 2022 | 11.3 | 3.5 | 3.2 |
| Jun 2022 | 11.0 | 3.6 | 3.1 |
| May 2022 | 10.5 | 3.6 | 2.9 |
| Apr 2022 | 10.7 | 3.7 | 2.9 |
| Mar 2022 | 10.2 | 3.7 | 2.8 |
| Feb 2022 | 10.2 | 3.9 | 2.6 |
| Jan 2022 | 11.2 | 4.0 | 2.8 |
| Dec 2021 | 11.0 | 3.9 | 2.8 |
| Nov 2021 | 10.8 | 4.1 | 2.6 |
| Oct 2021 | 11.3 | 4.5 | 2.5 |
| Sep 2021 | 11.2 | 4.7 | 2.4 |
| Aug 2021 | 11.1 | 5.1 | 2.2 |
| Jul 2021 | 10.4 | 5.4 | 1.9 |
| Jun 2021 | 11.2 | 5.9 | 1.9 |
| May 2021 | 9.7 | 5.8 | 1.7 |
| Apr 2021 | 12.1 | 6.1 | 2.0 |
| Mar 2021 | 12.9 | 6.1 | 2.1 |
| Feb 2021 | 13.9 | 6.2 | 2.2 |
| Jan 2021 | 15.1 | 6.4 | 2.4 |
| Dec 2020 | 15.8 | 6.7 | 2.4 |
| Nov 2020 | 13.8 | 6.7 | 2.1 |
| Oct 2020 | 13.8 | 6.9 | 2.0 |
| Sep 2020 | 16.0 | 7.8 | 2.1 |
| Aug 2020 | 16.5 | 8.4 | 2.0 |
| Jul 2020 | 19.2 | 10.2 | 1.9 |
| Jun 2020 | 22.5 | 11.0 | 2.0 |
| May 2020 | 30.5 | 13.2 | 2.3 |
| Apr 2020 | 32.8 | 14.8 | 2.2 |
| Mar 2020 | 14.3 | 4.4 | 3.3 |
| Feb 2020 | 11.3 | 3.5 | 3.2 |
| Jan 2020 | 12.5 | 3.6 | 3.5 |
Source: Bureau of Labor Statistics, Current Population Survey, via FRED. No survey data for October 2025 (LNS14000012, UNRATE).
Chart 6
Same crash, different recoveries
Software development postings on Indeed, 1 February 2020 = 100. Each panel shows the United States in grey for comparison.
Australia is the only market at or above the level of 1 February 2020. US postings are up 22.3% on a year ago, the fastest rise of the six, and Germany is lowest at 48.3.
United States79.4 · +22.3% YoY
Australia105.1 · −3.5% YoY
Canada76.2 · −3.6% YoY
United Kingdom60.7 · +1.9% YoY
France51.7 · −7.8% YoY
Germany48.3 · −16.1% YoY
Show the data
| Month | US | Australia | Canada | UK | France | Germany |
|---|---|---|---|---|---|---|
| Oct 2026 | 79.4 | 105.1 | 76.2 | 60.7 | 51.7 | 48.3 |
| Sep 2026 | 77.1 | 107.0 | 77.4 | 62.1 | 53.3 | 48.9 |
| Aug 2026 | 74.4 | 104.6 | 77.1 | 59.9 | 51.2 | 50.1 |
| Jul 2026 | 75.0 | 108.8 | 78.0 | 60.2 | 51.2 | 51.1 |
| Jun 2026 | 73.1 | 116.2 | 80.0 | 59.8 | 50.8 | 51.8 |
| May 2026 | 74.1 | 118.8 | 78.3 | 62.7 | 52.9 | 53.9 |
| Apr 2026 | 72.8 | 121.1 | 77.0 | 62.9 | 55.0 | 54.6 |
| Mar 2026 | 71.6 | 121.2 | 79.5 | 64.2 | 56.1 | 57.1 |
| Feb 2026 | 70.3 | 122.1 | 78.9 | 64.9 | 57.1 | 58.3 |
| Jan 2026 | 68.1 | 122.5 | 83.7 | 63.8 | 54.7 | 58.2 |
| Dec 2025 | 66.9 | 114.9 | 84.7 | 63.5 | 55.4 | 56.8 |
| Nov 2025 | 66.2 | 113.4 | 81.4 | 60.5 | 55.5 | 57.7 |
| Oct 2025 | 64.9 | 109.0 | 79.0 | 59.5 | 56.1 | 57.6 |
| Sep 2025 | 64.7 | 107.1 | 77.8 | 59.2 | 57.5 | 58.1 |
| Aug 2025 | 66.1 | 112.4 | 79.7 | 60.3 | 57.4 | 59.4 |
| Jul 2025 | 65.4 | 113.6 | 78.1 | 59.8 | 58.6 | 60.0 |
| Jun 2025 | 65.4 | 111.9 | 77.7 | 59.3 | 60.8 | 62.7 |
| May 2025 | 62.7 | 109.2 | 75.0 | 54.7 | 63.7 | 63.6 |
| Apr 2025 | 63.5 | 107.1 | 75.8 | 54.6 | 65.3 | 64.8 |
| Mar 2025 | 62.3 | 106.5 | 74.0 | 54.3 | 67.6 | 66.0 |
| Feb 2025 | 64.9 | 110.7 | 73.3 | 55.6 | 69.1 | 66.7 |
| Jan 2025 | 67.5 | 111.2 | 73.5 | 57.8 | 71.4 | 70.1 |
| Dec 2024 | 67.4 | 106.2 | 73.9 | 57.8 | 71.6 | 70.2 |
| Nov 2024 | 67.3 | 104.7 | 72.4 | 57.3 | 72.6 | 70.2 |
| Oct 2024 | 68.7 | 103.0 | 72.2 | 56.9 | 74.8 | 71.7 |
| Sep 2024 | 69.4 | 104.8 | 72.1 | 58.5 | 80.2 | 73.5 |
| Aug 2024 | 68.4 | 103.1 | 70.3 | 56.7 | 83.4 | 78.4 |
| Jul 2024 | 70.1 | 102.4 | 69.6 | 60.0 | 86.0 | 81.2 |
| Jun 2024 | 69.9 | 104.9 | 69.5 | 61.0 | 88.5 | 84.7 |
| May 2024 | 69.1 | 104.3 | 71.1 | 65.2 | 92.1 | 88.0 |
| Apr 2024 | 70.4 | 105.0 | 69.6 | 66.8 | 94.3 | 91.0 |
| Mar 2024 | 70.8 | 102.9 | 68.7 | 68.9 | 96.5 | 93.9 |
| Feb 2024 | 71.1 | 104.3 | 70.4 | 67.7 | 99.6 | 97.8 |
| Jan 2024 | 71.8 | 109.4 | 72.5 | 71.0 | 103.9 | 101.7 |
| Dec 2023 | 72.5 | 104.2 | 72.4 | 72.9 | 106.7 | 102.9 |
| Nov 2023 | 73.0 | 105.0 | 72.1 | 74.1 | 109.1 | 106.6 |
| Oct 2023 | 75.1 | 112.4 | 76.2 | 77.5 | 111.5 | 110.0 |
| Sep 2023 | 77.3 | 113.8 | 79.8 | 79.6 | 112.0 | 111.8 |
| Aug 2023 | 79.4 | 121.7 | 80.4 | 79.3 | 114.0 | 117.8 |
| Jul 2023 | 83.5 | 132.7 | 80.1 | 82.3 | 113.7 | 122.1 |
| Jun 2023 | 86.9 | 141.4 | 81.6 | 86.8 | 114.7 | 125.2 |
| May 2023 | 97.3 | 152.7 | 89.7 | 96.3 | 121.7 | 128.2 |
| Apr 2023 | 98.1 | 160.1 | 97.3 | 103.7 | 127.9 | 135.0 |
| Mar 2023 | 102.5 | 168.8 | 103.5 | 107.2 | 127.7 | 139.7 |
| Feb 2023 | 114.1 | 173.9 | 112.7 | 114.5 | 128.6 | 141.2 |
| Jan 2023 | 126.3 | 188.1 | 122.2 | 121.9 | 131.9 | 138.8 |
| Dec 2022 | 135.3 | 198.5 | 136.8 | 127.6 | 133.2 | 145.8 |
| Nov 2022 | 147.1 | 216.9 | 151.1 | 137.3 | 133.1 | 150.3 |
| Oct 2022 | 160.7 | 230.1 | 165.9 | 146.0 | 131.3 | 150.7 |
| Sep 2022 | 173.9 | 236.7 | 183.2 | 155.1 | 130.4 | 154.8 |
| Aug 2022 | 187.3 | 244.8 | 196.3 | 161.8 | 131.9 | 159.2 |
| Jul 2022 | 202.0 | 259.2 | 207.9 | 166.4 | 136.6 | 163.6 |
| Jun 2022 | 217.9 | 261.5 | 221.9 | 170.7 | 135.3 | 167.7 |
| May 2022 | 226.7 | 252.7 | 227.7 | 176.8 | 132.7 | 168.0 |
| Apr 2022 | 224.8 | 260.6 | 224.1 | 178.2 | 129.9 | 164.8 |
| Mar 2022 | 228.7 | 268.8 | 225.0 | 176.3 | 126.3 | 159.1 |
| Feb 2022 | 229.2 | 258.4 | 221.2 | 172.1 | 123.6 | 154.3 |
| Jan 2022 | 216.1 | 243.2 | 210.4 | 164.1 | 121.7 | 149.1 |
| Dec 2021 | 213.8 | 236.6 | 210.0 | 160.8 | 120.3 | 148.3 |
| Nov 2021 | 202.5 | 230.2 | 206.7 | 155.4 | 121.2 | 145.6 |
| Oct 2021 | 186.3 | 225.6 | 197.8 | 149.3 | 119.1 | 141.4 |
| Sep 2021 | 173.6 | 216.9 | 190.5 | 142.2 | 111.3 | 136.6 |
| Aug 2021 | 158.2 | 203.0 | 183.3 | 135.4 | 108.9 | 133.0 |
| Jul 2021 | 145.7 | 189.3 | 176.6 | 129.5 | 105.6 | 125.8 |
| Jun 2021 | 137.5 | 176.5 | 169.0 | 121.4 | 98.7 | 119.9 |
| May 2021 | 131.3 | 167.0 | 159.8 | 115.3 | 92.5 | 115.2 |
| Apr 2021 | 120.4 | 154.8 | 149.8 | 107.0 | 87.5 | 109.8 |
| Mar 2021 | 112.2 | 148.2 | 140.7 | 97.3 | 87.7 | 105.2 |
| Feb 2021 | 102.6 | 132.7 | 129.1 | 88.9 | 85.1 | 98.9 |
| Jan 2021 | 93.4 | 118.4 | 116.0 | 81.9 | 83.9 | 95.8 |
| Dec 2020 | 90.0 | 112.6 | 110.1 | 77.8 | 83.0 | 92.3 |
| Nov 2020 | 83.6 | 102.6 | 100.5 | 69.1 | 80.1 | 88.7 |
| Oct 2020 | 77.8 | 91.8 | 93.1 | 62.8 | 77.9 | 85.6 |
| Sep 2020 | 72.9 | 78.8 | 86.6 | 57.5 | 77.5 | 83.7 |
| Aug 2020 | 70.1 | 74.2 | 80.0 | 54.4 | 73.8 | 84.6 |
| Jul 2020 | 67.3 | 66.3 | 73.6 | 51.4 | 68.4 | 83.9 |
| Jun 2020 | 65.2 | 61.0 | 68.5 | 49.5 | 67.3 | 84.3 |
| May 2020 | 66.6 | 58.7 | 66.3 | 51.5 | 70.3 | 82.6 |
| Apr 2020 | 77.4 | 65.4 | 73.6 | 63.5 | 77.9 | 86.4 |
| Mar 2020 | 98.2 | 98.1 | 99.5 | 95.0 | 92.0 | 99.0 |
| Feb 2020 | 99.7 | 100.5 | 101.5 | 100.8 | 98.5 | 100.1 |
Source: Indeed Hiring Lab via FRED, monthly average of the daily index (IHLIDXUSTPSOFTDEVE, IHLIDXAUTPSOFTDEVE, IHLIDXCATPSOFTDEVE, IHLIDXGBTPSOFTDEVE, IHLIDXFRTPSOFTDEVE, IHLIDXDETPSOFTDEVE).
Beyond the US jobs report
These sources have no data feed, so they are checked by hand each quarter. Last checked 21 October 2026; next check January 2027.
of active US tech job postings ask for AI skills, 349,821 of 625,633.
CompTIA Tech Jobs Report, September 2026announced tech layoffs in 2026 to 10 September, about half the 2023 total.
Layoffs.fyi via ValueAdd VC, 27 September 2026year on year change in hiring for AI and machine learning roles against IT and software services.
Naukri JobSpeak, September 2026Youth unemployment outside the US
- India, urban 15 to 29 year olds19.0%September 2026, India PLFS monthly bulletin, as reported by the Tribune and ANI
- China, urban 16 to 24 year olds excluding students18.9%August 2026, China NBS, as reported by Caixin
How the numbers are built
Every series comes from FRED, the St. Louis Fed's data service, which carries the Bureau of Labor Statistics and Indeed Hiring Lab data alike. The full history is pulled again on every update, because the BLS revises the two previous months in each jobs report and resets its benchmark every February. In February 2026 it cut its 2025 estimates by 898,000.
Indeed publishes its postings index daily, and the charts show the average for each month. A month counts only once the daily data reach its final days, so a partial month never appears. Employment, unemployment and job turnover series are seasonally adjusted, as published.
Index charts set a base to 100: January 2020 for employment, 1 February 2020 for Indeed postings (Indeed's own base, so the February 2020 monthly average sits close to 100 rather than on it) and January 2025 for the postings against payrolls chart. Job turnover data (JOLTS) arrive about five weeks after the month they cover, so they run a month behind the jobs report.
BLS data are in the public domain and the CSV downloads cover them. Indeed's terms on FRED do not allow its data to be passed on, so the Indeed charts link to Hiring Lab's own downloads instead.
What changed since last month's data
Compared with the September 2026 figures in the jobs article of 21 October 2026.
| Series | Month | Before | Now | Change |
|---|---|---|---|---|
| All US jobs | August 2026 | 159,015,000 | 159,068,000 | +53,000 |
| All US jobs | September 2026 | 159,044,000 | 159,128,000 | +84,000 |
| Information sector jobs | August 2026 | 2,749,000 | 2,746,000 | −3,000 |
| Information sector jobs | September 2026 | 2,739,000 | 2,735,000 | −4,000 |
| IT services jobs, computer systems design | August 2026 | 2,359,800 | 2,357,600 | −2,200 |
| IT services jobs, computer systems design | September 2026 | 2,355,400 | 2,350,900 | −4,500 |
The series
| Series | FRED ID | Source | Latest |
|---|---|---|---|
| All US jobs | PAYEMS | BLS, CES | October 2026 |
| Information sector jobs | USINFO | BLS, CES | October 2026 |
| IT services jobs, computer systems design | CES6054150001 | BLS, CES | October 2026 |
| All job postings on Indeed, US | IHLIDXUS | Indeed Hiring Lab | October 2026 |
| Software development postings on Indeed, US | IHLIDXUSTPSOFTDEVE | Indeed Hiring Lab | October 2026 |
| Hires rate | JTSHIR | BLS, JOLTS | September 2026 |
| Layoffs and discharges rate | JTSLDR | BLS, JOLTS | September 2026 |
| Quits rate | JTSQUR | BLS, JOLTS | September 2026 |
| Unemployment rate, 16 to 19 year olds | LNS14000012 | BLS, CPS | October 2026 |
| Unemployment rate, all workers | UNRATE | BLS, CPS | October 2026 |
| Software development postings on Indeed, United Kingdom | IHLIDXGBTPSOFTDEVE | Indeed Hiring Lab | October 2026 |
| Software development postings on Indeed, Canada | IHLIDXCATPSOFTDEVE | Indeed Hiring Lab | October 2026 |
| Software development postings on Indeed, Germany | IHLIDXDETPSOFTDEVE | Indeed Hiring Lab | October 2026 |
| Software development postings on Indeed, France | IHLIDXFRTPSOFTDEVE | Indeed Hiring Lab | October 2026 |
| Software development postings on Indeed, Australia | IHLIDXAUTPSOFTDEVE | Indeed Hiring Lab | October 2026 |
Downloads: Payroll employment, thousands (CSV) · Hires, layoffs and quits rates, percent (CSV) · Unemployment rates, percent (CSV)
Every monthly note
Short answers
Questions this page answers
- Are US tech jobs recovering?
- Not in payrolls. Information sector employment was 2,734,000 in October 2026, 12.2% below its November 2022 peak and 4.2% lower than a year earlier. Demand is picking up, with Indeed's index of US software development postings up 22.3% on a year ago, so employers are posting more jobs than a year ago while employing fewer people in the sector.
- Is AI causing tech layoffs?
- The layoffs figures do not show it. The BLS layoffs and discharges rate across the economy was 1.0% in September 2026, below its 2019 average of 1.2%. Hiring is where the change shows, with a hires rate of 3.4% against 3.9% in 2019. These rates cover all industries, and they cannot separate AI from interest rates or any other cause.
- Are software developer job postings going up?
- Yes, from a low base. Indeed's index of US software development postings averaged 79.4 in October 2026 (1 February 2020 = 100), up 22.3% on a year ago. It is 65.4% below its February 2022 peak.
- How often is the AI Jobs Monitor updated?
- After every US jobs report, which the Bureau of Labor Statistics usually publishes on the first Friday of the month. This edition uses payroll data to October 2026, released on 6 November 2026, and job turnover data to September 2026. The next update follows the report due on 4 December 2026.