Business Update on Q4 2024 U.S. B2B Labor Market Focusing on Software Development Positions: These Positions Continue to Struggle
In the ever-evolving job market, the Business-to-Business (B2B) vertical continues to hold significant importance. Here's a snapshot of the latest trends and wage growth for various roles within this sector.
The US Indeed Job Posting Index (JPI) has been on an upward trajectory throughout most of 2024, remaining 10 to 13% above the pre-pandemic baseline. However, as of January 17, 2025, the JPI has taken a dip, falling 8.3% compared to the same date the previous year.
Construction roles in the B2B vertical saw a wage growth of 2.4% in December, albeit with a slight decline of 0.7 percentage points in the past six months. On the other hand, Software Development wages in the same vertical lagged behind, remaining at 0.7% due to consistently weak demand for these roles.
In the Education & Instruction sector, B2B wages grew by 4.1% year-over-year in December, outpacing the labor market average of 3.3%. Meanwhile, Business-to-business Insurance job postings experienced a surge, up 7.4% in the year leading to January 17, 2025, and 38.7% above their pre-pandemic baseline.
The broader B2B vertical's job posting trends are a bit of a mixed bag. While Business-to-business Banking & Finance job postings remained essentially even over the past year and are just 6.5% below their pre-pandemic baseline, Business-to-business Software Development job postings saw a decline. They are down 9.5% in the year to January 17, 2025, and have remained flat for much of the second half of 2024.
Unfortunately, specific information about companies that increased software development job postings for work in the USA between January 2025 and July 2025 is not available. However, Accenture, a company with a significant number of software engineering positions listed, has not explicitly confirmed an increase in that period.
It's worth noting that the available search results do not provide specific information about companies that increased job postings for various B2B verticals between January 2025 and July 2025. Furthermore, business-to-business job postings for other verticals were not specifically mentioned in the provided text.
Employer demand for workers continued to weaken, but job postings were still 10.8% above the pre-pandemic baseline on January 17, 2025. In the Production & Manufacturing sector within the B2B vertical, wages grew by 2.4% in December, with a marginal decline of 0.2 percentage points in the past six months.
As we navigate through 2025, it will be interesting to see how these trends continue to evolve and what impact they may have on the overall job market.
