In the United States, a crisis has unfolded in the employment market for blockchain specialists

The American labor market records a drop in the number of blockchain vacancies by 40%, and in some cities by 80%

The labor market in the field of blockchain specialties in the United States is facing a full-scale crisis. This conclusion was reached by the Brookings Institution, after analyzing vacancies in the local market. According to the published results of the study, the largest reduction in crypto vacancies is recorded in Las Vegas.

If at the moment the number of open vacancies for cryptocurrencies on a monthly basis there reached 78 units, then by the end of April 2023, only 15 vacancies appeared in the city. The gap from the maximum exceeded 80%. Also, a drop in the number of blockchain vacancies by 80% was recorded in the city of Reno (from 20 to 4 offers). The largest city in terms of the number of crypto vacancies, New York, also shows negative indicators: a drop in vacancies to 466 units against a maximum of 732 units (the gap exceeded 35%).

A depressing situation is also recorded in the market of cryptocurrency startups. If in January 2022, 80 cryptocurrency-themed startups were launched in the United States, then in April 2023, only two crypto startups were opened in the country. The last time such a low figure in the United States was seen in March 2012.

The Brookings Institution believes that several factors affected the market. First, the fall in market quotes. The market is still far from the indicators of the last rally, although it remains above the level of 2017. Secondly, bankruptcies. The cryptocurrency market was literally mired in bankruptcies shortly after the collapse of the FTX exchange. Thirdly, many crypto entrepreneurs have shown themselves far from the best side against the backdrop of negative events.э

Now investors' attention is focused on artificial intelligence and chatbots like ChatGPT, the institute notes.