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Veritone Releases Analysis of Q3 2024 U.S. Bureau of Labor Statistics Jobs Data and AI Job Growth | VERI Stock News

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Veritone Releases Analysis of Q3 2024 U.S. Bureau of Labor Statistics Jobs Data and AI Job Growth | VERI Stock News





Veritone released its analysis of Q3 2024 U.S. Bureau of Labor Statistics jobs data and AI job growth trends. Total nonfarm payroll employment increased by 510,000 in Q3, down 4% from Q2, with unemployment steady at 4.1%. AI job vacancies reached 31,610, showing a 6.6% increase from Q2 and a 37.5% year-over-year growth. The median AI job salary was $158,298, up 4.0% year-over-year. AI roles commanded a 25% premium over non-AI IT positions, with AI software developers earning 19% more than their non-AI counterparts. California, New York, and Virginia showed the largest salary gaps between AI and non-AI IT roles.

Veritone ha pubblicato la sua analisi sui dati occupazionali del Q3 2024 forniti dal Bureau of Labor Statistics degli Stati Uniti e sulle tendenze di crescita dei posti di lavoro nell’AI. L’occupazione totale nel settore non agricolo è aumentata di 510.000 nel Q3, con un calo del 4% rispetto al Q2, mentre il tasso di disoccupazione è rimasto stabile al 4,1%. Le vacanze di lavoro nell’AI hanno raggiunto 31.610, mostrando un incremento del 6,6% rispetto al Q2 e una crescita del 37,5% su base annua. Lo stipendio medio per i lavori legati all’AI è stato di $158.298, con un aumento del 4,0% rispetto all’anno precedente. Le posizioni nell’AI hanno avuto un premio del 25% rispetto ai posti IT non legati all’AI, con gli sviluppatori di software AI che guadagnano il 19% in più rispetto ai loro colleghi non AI. California, New York e Virginia hanno mostrato i maggiori divari salariali tra i ruoli IT AI e non AI.

Veritone lanzó su análisis sobre los datos de empleo del Q3 2024 del Departamento de Estadísticas Laborales de EE. UU. y las tendencias de crecimiento de empleos en AI. El empleo total en nómina no agrícola aumentó en 510,000 en el Q3, una disminución del 4% en comparación con el Q2, mientras que la tasa de desempleo se mantuvo estable en el 4.1%. Las vacantes de empleo en AI alcanzaron 31,610, mostrando un incremento del 6.6% con respecto al Q2 y un crecimiento del 37.5% interanual. El salario medio para los trabajos de AI fue de $158,298, un aumento del 4.0% interanual. Los roles de AI ofrecieron una prima del 25% sobre los puestos de IT no relacionados con AI, con los desarrolladores de software AI ganando un 19% más que sus contrapartes no AI. California, Nueva York y Virginia mostraron las mayores diferencias salariales entre los roles de IT AI y no AI.

Veritone은 2024년 3분기 미국 노동 통계국의 직업 데이터와 AI 직업 성장 추세에 대한 분석을 발표했습니다. 농업을 제외한 총 고용은 3분기 동안 510,000명 증가했으며, 이는 2분기 대비 4% 감소한 수치입니다. 실업률은 4.1%로 유지되었습니다. AI 직업 공석은 31,610개에 달하며, 2분기 대비 6.6% 증가하고, 전년 대비 37.5% 성장했습니다. AI 직업의 평균 급여는 $158,298로, 전년 대비 4.0% 증가했습니다. AI 역할은 비-AI IT 직책에 비해 25%의 프리미엄을 제공하며, AI 소프트웨어 개발자는 비-AI 동료보다 19% 더 많이 벌고 있습니다. 캘리포니아, 뉴욕, 버지니아는 AI와 비-AI IT 역할 간의 급여 격차가 가장 컸습니다.

Veritone a publié son analyse des données d’emploi du 3ème trimestre 2024 du Bureau of Labor Statistics des États-Unis ainsi que des tendances de croissance des emplois dans l’IA. L’emploi total dans le secteur non agricole a augmenté de 510 000 au 3ème trimestre, soit une baisse de 4 % par rapport au 2ème trimestre, avec un taux de chômage stable à 4,1 %. Les offres d’emploi en IA ont atteint 31 610, affichant une augmentation de 6,6 % par rapport au 2ème trimestre et une croissance de 37,5 % par rapport à l’année précédente. Le salaire médian pour les emplois liés à l’IA était de 158 298 $, en hausse de 4,0 % par rapport à l’année précédente. Les postes en IA ont bénéficié d’une prime de 25 % par rapport aux postes IT non liés à l’IA, les développeurs de logiciels IA gagnant 19 % de plus que leurs homologues non IA. La Californie, New York et la Virginie ont montré les plus grands écarts salariaux entre les rôles IT IA et non IA.

Veritone hat seine Analyse der Beschäftigungsdaten des U.S. Bureau of Labor Statistics für das 3. Quartal 2024 und der Wachstums-trends bei AI-Jobs veröffentlicht. Die Gesamtbeschäftigung im nicht-landwirtschaftlichen Sektor stieg im 3. Quartal um 510.000, was einem Rückgang von 4% im Vergleich zum 2. Quartal entspricht, während die Arbeitslosenquote stabil bei 4,1% blieb. Die Stellenangebote im Bereich AI erreichten 31.610, was einem Anstieg von 6,6% im Vergleich zum 2. Quartal und einer jährlichen Wachstumsrate von 37,5% entspricht. Das durchschnittliche Gehalt für AI-Jobs betrug $158.298, was einem Anstieg von 4,0% im Vergleich zum Vorjahr entspricht. AI-Positionen boten eine Prämie von 25% gegenüber nicht-AI-IT-Positionen, wobei AI-Softwareentwickler 19% mehr verdienten als ihre nicht-AI-Kollegen. Kalifornien, New York und Virginia zeigten die größten Gehaltsunterschiede zwischen AI- und nicht-AI-IT-Rollen.

Positive


  • AI job vacancies increased 37.5% year-over-year


  • AI median salary reached $158,298, up 4.0% year-over-year


  • AI roles command 25% premium over non-AI IT positions


  • AI software developers earn 19% more than non-AI counterparts


Insights


The data reveals a striking disparity between AI and traditional job markets. With a 37.5% year-over-year growth in AI job vacancies compared to modest overall labor market growth, we’re witnessing a significant transformation in employment dynamics. The median AI salary of $158,298 and the substantial premium over non-AI positions (particularly in tech hubs) indicates robust demand for AI talent.

Most notably, the diversification of AI hiring beyond traditional tech companies into retail and financial sectors (Walmart, Capital One) signals a broader market transformation. This cross-industry adoption suggests increasing AI integration into core business operations, potentially driving long-term value creation and operational efficiency. The 25% salary premium for AI roles over non-AI IT positions reflects both the scarcity of qualified talent and the strategic importance companies place on AI capabilities.












AI remains a driving force in the labor market

DENVER–(BUSINESS WIRE)–
Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today released its analysis of Q3 aggregated U.S. Bureau of Labor Statistics (BLS) Jobs Reports, which provide insights into the latest employment trends and market dynamics shaping the U.S. labor market. Leveraging data from Aspen Technology Labs, Inc., a global leader in web data management services and recruitment technology, Veritone also analyzed Q3 AI job growth.

According to BLS data, total nonfarm payroll employment increased in Q3 by 510,000, a smaller increase than in Q2 by 4%. The U.S. unemployment rate held steady at 4.1%, which is a 2-1/2 year high. In Q3, average hourly earnings increased from $35 to $35.36. Over the past 12 months, average hourly earnings have increased by 4.0 percent, the slowest pace in three years.

Comparing AI job growth to the BLS aggregate, Veritone analyzed Aspen Tech Labs’ Job Market Pulse, a real-time database with more than 5 million U.S. jobs from more than 112,000 employers. In Q3, there were 31,610 vacancies in artificial intelligence jobs, a 6.6% increase from Q2 2024 and a 37.5% increase over the past 12 months. The median salary for AI jobs for Q3 2024 was $158,298, or $76.10 hourly, a 4.0% increase year-over-year and 0.6% increase from Q2 2024.

“The ongoing growth in AI jobs and high median salaries likely reflect the increasing importance of AI technology in today’s economy. We witnessed explosive job growth for AI-jobs with a 37% year-over-year growth rate, 12.5x faster than the rest of the market, while the overall labor market remains rather subdued,” said Alex Fourlis, general manager, Veritone Hire, Veritone. “While overall employment trends show modest gains, AI continues to drive innovation and economic opportunity. The substantial rise in demand for AI-related roles highlights the critical need for skilled professionals. Both tech and nontech employers are looking to hire for this skillset with firms such as Amazon, Apple and Google, and surprisingly firms like Walmart and Capital One, which are featured as top 10 employers for AI roles. Veritone remains dedicated to advancing AI solutions that empower businesses, foster growth and create career opportunities in one of the most dynamic sectors of the labor market.”

In Q3 2024, the median annual salary for AI-related roles was $31,803, 25% higher than for non-AI IT positions. For example, AI-focused software developers were offered an average salary of $166,358, compared to $140,400 for their non-AI counterparts, reflecting a premium of nearly 19% for AI expertise. Among the top 10 U.S. states with the highest number of AI roles, California, New York and Virginia stood out with the largest average salary gaps between AI and non-AI IT roles. The differences in these states were $37,242, $34,154, and $25,095, respectively.

The salary data included in this report is derived from salaries listed on job postings collected directly from corporate career sites, providing an important perspective on wage trends in the market.

About Veritone

Veritone (NASDAQ: VERI) builds human-centered enterprise AI solutions. Serving customers in the media, entertainment, public sector and talent acquisition industries, Veritone’s software and services empower individuals at the world’s largest and most recognizable brands to run more efficiently, accelerate decision making and increase profitability. Veritone’s leading enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models, transforming data sources into actionable intelligence. By blending human expertise with AI technology, Veritone advances human potential to help organizations solve problems and achieve more than ever before, enhancing lives everywhere. To learn more, visit Veritone.com.

About Aspen Technology Labs, Inc.

Aspen Technology Labs (ATL) is a global leader in web data management services, labor market intelligence, and recruitment technology, founded in 2008. The company is headquartered in Aspen, Colorado with teams throughout the U.S. and Europe. ATL provides web scraping and data/analytics services for a wide variety of industries. ATL’s teams are constantly working to increase the number of companies and jobs in the database and to improve the quality and extraction of additional data. ATL’s JobMarketPulse is a powerful, real-time labor market intelligence tool to assist ATL customers in staying in front of the challenging labor market. To learn more, visit AspenTechLabs.com.

Safe Harbor Statement

This news release contains forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Assumptions relating to the foregoing involve judgments and risks with respect to various matters which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of such judgments and risks are discussed in Veritone’s SEC filings. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Media Contact:

Valerie Christopherson or Lora Metzner

Global Results Comms (GRC)

+1 949 608 0276

Veritone@globalresultspr.com

Sarah Rich

Veritone

srich@veritone.com

Source: Veritone, Inc.








FAQ



What was the AI job growth rate in Q3 2024 according to Veritone (VERI)?


According to Veritone’s analysis, AI job vacancies increased by 6.6% from Q2 2024 and showed a 37.5% increase over the past 12 months.


What was the median salary for AI jobs in Q3 2024 reported by Veritone (VERI)?


The median salary for AI jobs in Q3 2024 was $158,298 (or $76.10 hourly), representing a 4.0% increase year-over-year.


Which states showed the largest AI salary premiums in Q3 2024 according to Veritone (VERI)?


California, New York, and Virginia showed the largest salary gaps between AI and non-AI IT roles, with differences of $37,242, $34,154, and $25,095 respectively.





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