Labor market: Education requirements 'disappearing' from job postings

03/05/2024 06:08
Labor market: Education requirements 'disappearing' from job postings

According to a report from Indeed, educational requirements are gradually disappearing from job postings. In the month of January, less than one in five roles shared on Indeed's site required a four-year degree.  Cory Stahle, Indeed Hiring Lab Economist, joins Yahoo Finance to discuss what the shift from education to skills requirements signals for job seekers and the broader job market. Stahle explains the phenomenon isn't limited to a particular sector, but follows an unexpected trend: "It's been really across all sectors but it has been most notable in the areas where education requirements have typically been the highest. There's more opportunity to reduce requirements where those requirements have been higher. But it was really notable that we had over 80% of the sectors we look at reduce their requirements in the last few years. So it has been pretty broad-based in terms of employers pulling these types of requirements back to attract more workers into these jobs." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

According to a report from Indeed, educational requirements are gradually disappearing from job postings. In the month of January, less than one in five roles shared on Indeed's site required a four-year degree.

Cory Stahle, Indeed Hiring Lab Economist, joins Yahoo Finance to discuss what the shift from education to skills requirements signals for job seekers and the broader job market.

Stahle explains the phenomenon isn't limited to a particular sector, but follows an unexpected trend: "It's been really across all sectors but it has been most notable in the areas where education requirements have typically been the highest. There's more opportunity to reduce requirements where those requirements have been higher. But it was really notable that we had over 80% of the sectors we look at reduce their requirements in the last few years. So it has been pretty broad-based in terms of employers pulling these types of requirements back to attract more workers into these jobs."

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Nicholas Jacobino

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