Life sciences labor demand dip: U.S. job postings down 11%

• A slowdown in the venture capital, private equity, and public markets related to life sciences has constrained the hiring of more labor, in turn stifling active job postings compared to the same time period last year. (November 2022 to May 2023)
• The Chicago, Washington D.C. and Houston Metropolitan Statistical Areas (MSAs) were the only areas that registered an increase in life science oriented job postings for these top 10 markets, while San Francisco, San Diego, and Philadelphia saw the largest decreases in job postings.
• The Tri-State and Los Angeles MSAs have seen the largest increase in job postings since the onset of the COVID-19 Pandemic, both overtaking San Francisco in the rankings due to an influx in National Institutes of Health funding related to testing and R&D operations during the pandemic.

Note: Occupations included bioengineers & biomedical engineers, biological scientists, biological technicians, clinical laboratory technologists & technicians, medical scientists, mathematicians, material engineers.