An Inside Look: Veritone (VERI) Provides Q2 2024 Analysis on U.S. Bureau of Labor Statistics Jobs Data and AI Job Growth
The PRISM AdTech and Media Index company Veritone (VERI) who is a leader in in building human-centered enterprise AI solutions released an analysis on the Q2 2024 aggregated US Bureau of Labor Statistics (BLS) Jobs Reports, providing insights into the latest employment trends and market dynamics shaping the U.S. labor market. The data utilized in the analysis is in combination with Aspen Technology Labs who manages web data and recruitment technology and Veritone’s Q2 AI job growth.
The concept that AI is playing a critical role in advancing technology and innovation is backed by a comparison to the Q2 BLS aggregate, and AI job growth analyzed by Veritone. The company utilized Aspen Tech Labs’ Job Market Pulse, a real-time database with more than 5 million U.S. jobs from more than 112,000 employers. It was discovered through Veritone’s analysis that in Q2 there were 29,871 vacancies in artificial intelligence jobs, a 5.6% increase from Q1 2024 and a 31.5% increase from the same period in 2023. The median salary for AI jobs for Q2 2024 was $157,196, or $75.57 hourly, a 7.2% increase from $146,609, or $70.48, during the same period last year.
Furthermore, according to Aspen Tech Labs’ data, the top 10 markets for AI job vacancies in Q2 were, in rank order: California, New York, Texas, Virginia, Washington, Massachusetts, Illinois, New Jersey, Maryland, and Pennsylvania. In Q2, the top 50 highest-paying AI job openings ranged from $272,000 to $450,000 annually.
“AI continues to be a driving force in the job market, demonstrating remarkable growth and resilience even amidst broader economic fluctuations,” said Alex Fourlis, general manager of Veritone Hire. “Our latest analysis underscores the significant demand and competitive compensation for AI roles, reflecting the critical role AI plays in advancing technology and innovation. Veritone remains committed to harnessing the power of AI to drive progress and create valuable opportunities across industries.”
