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Comment by jeffbee | Hacker News Reader

I don't believe in anecdotes. I believe in data. According to the BLS, "Computing infrastructure providers, data processing, web hosting, and related services" sector added 6000 jobs last month and > 30k jobs in the past year. Unemployment among educated professionals stands at 2.2% which is ridiculous.

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Cool data. Now for the real-life implication and meaning of those nice numbers, for the SW industry :

- low unemployment + high employer demand for new positions + high wage growth = hot job market

  - where the market was in 2016-2021

- low unemployment + low employer demand for new positions + low wage growth = lukewarm job market

  - where the market was in 2022

- low unemployment + medium employer demand for new positions + low wage growth = warm job market

  - where the market is currently

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