Factors Driving Job Losses in Software | Torsten Slok's The Daily Spark | Apollo

Apollo: In recent years, employment in the software sector has declined by about 200,000 jobs. The factors driving this decline could include AI, Fed hikes or immigration restrictions, see the first chart.

Either way, the 200,000 decline in software employment should be compared with the 63 million people who find a new job each year, the 38 million who voluntarily quit their jobs and the 21 million who are laid off, see the second chart.

The bottom line is that, regardless of what is driving the decline in software employment, it remains insignificant compared to the broader churn in the labor market.