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Hiring in IT sector rebounds in May; overall job market still weak amid Covid: Report

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second wave of coronavirus. There was a 2% decline in the overall number of new job posts in May on the SCIKEY Market Network, a job site, including in sectors like banking with a dip of 12%, retail 16% and FMCG 12%, while there was a growth of 5% in the insurance sector.

The data also indicated that hiring for mid-level executives with 8-12 years of experience and leadership roles (more than 16 years of experience) grew by 5% and 2%, respectively.

But hiring for entry-level professionals (0-3 years experience) declined by 4%. "It's been a rough patch for most sectors since the lockdowns took place.

Although, tech companies have gained good momentum on hiring. Due to the shift to remote work and the surge in demand for certain online

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United States
United States
Cases: 46 252 513
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Recovered: 0
India
India
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Brazil
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Deaths: 237 619
Recovered: 0
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