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Learn more Talk to salesThe #1 ATS in market share, our cloud-based recruiting software is built for both commercial and large, global employers.
Learn more Talk to salesAttract the best talent for your business with powerful, on-brand career websites that excite candidates and drive engagement.
Learn more Talk to salesBuild talent pipelines, engage candidates with multi-channel marketing campaigns, and use machine learning to automatically surface the right talent for the job.
Learn more Talk to salesEmpower candidates with automated self-service, qualification screening, and interview scheduling through an AI-enabled digital assistant.
Learn more Talk to salesSimplify employee onboarding with automated processes that maximize engagement and accelerate productivity.
Learn more Talk to salesCompliment your sourcing and engagement efforts with award-winning lead scoring and advanced campaign personalization.
Learn more Talk to salesImprove employee experience, retention, and reduce internal talent mobility friction with the iCIMS Opportunity Marketplace.
Learn more Talk to salesVerify skills with game-changing levels of automation and simplicity to improve the quality of hire at scale.
Learn more Talk to salesModernize, streamline, and accelerate your communication with candidates and employees.
Learn more Talk to salesTransform the talent experience by showcasing your authentic employer brand through employee-generated video testimonials.
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February 24, 2022 
4 min read
There’s hope on the hiring horizon. The gap between job openings and job applications decreased in January, according to the iCIMS February Insights report.
Job openings are up 54% since January 2021. Applications are up 13% in the same time frame and increased 27 points from last month. This is progress, but there is still a significant way to go before the talent supply will meet hiring demand. Across industries, there is a disconnect between supply and demand. The number of job seekers completing applications for each open role is down from last year.
“Overall, we expect the labor market will remain on a robust trajectory this year,” Lydia Boussour, lead U.S. economist at Oxford Economics, told The Wall Street Journal.
Employers may want to look within to help solve talent challenges. Activity on internal job portals is heating up, with millennial workers making up half of applicants to open positions at their current employer. While employees are looking for new opportunities, they aren’t necessarily looking for a new employer. This is also a great indicator that companies should enhance their internal mobility and retention programs. Your most engaged talent pool is likely your workforce.
The February Insights report taps into iCIMS proprietary platform data to provide the latest labor market activity. Read more here.
January is the first deviation from the story we’ve been seeing and telling over the past several months – our data shows that the gap between job openings and job applications has started to shrink.
Here are some notable changes in the labor market:
Talent challenges are being felt across all industries. The healthcare industry has the fewest number of candidates applying, while tech positions continue to receive the most applicants per opening.
Here’s a breakdown of labor market activity by industry:
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When it comes to sticking with an existing employer, Millennial workers comprise the largest share of internal job seekers. According to the report, there were 15% more applicants to internal career portals in January 2022 compared to January 2021. Of those job seekers, half were in the 25-44 age group. Of note, job seekers spend 30% or longer on internal job portals compared to external career sites. Those searching for external jobs skew younger, with Gen Z applicants, those ages 18-24-years-old, makeup one-third of applicants overall.
Want to know more? Read the full February Insights report to help attract, engage, hire, and advance the talent you need now.
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