The tech unemployment rate reached 2.1% in May. That was a slight drop from April, but with 623,627 tech job openings, that's still a year-over-year increase of 52%. As good as that is, The Linux Foundation and the trusted learning platform edX's 10th Annual Open Source Jobs Report have found that for open source savvy job seekers, the market is even better than that.
But, how much better? According to MarketandMarket analysis, "The global open source services market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.2% [...] to reach USD 50.0 billion by 2026 from USD 21.7 billion in 2021."
What does that mean for open-source job seekers? The report found that 73% of professionals reported it would be easy to find a new job. On the flip side, 93% of employers struggle to find skilled talent.
So far, most open source professionals, 63%, reported they hadn't changed jobs in the past year. Of course, that also means one-in-three did leave their jobs. That left employers desperately trying to hold onto skilled staff. This may not be Great Resignation, but it's still making life miserable for human resources.