New Tech Hiring Data Indicates Dramatic Impact of Technology on Economy and Jobs, CompTIA Analysis Reveals

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Employer hiring activity, as measured by job postings for technical positions, totaled 623,627 for the month and nearly 2.2 million year-to-date. This represents an increase of 52% compared to the same period of the previous year.

“The data speaks to the diverse nature of the tech workforce,” said Tim Herbert, director of research at CompTIA. “It also speaks to the many factors affecting employment and situations where sectors or companies that slack off their hiring may be offset by sectors or companies that increase their hiring.”

Tech occupations across the economy increased by a modest 2,000 jobs in May. The unemployment rate for technology occupations increased slightly to 2.1%, compared to the overall national unemployment rate of 3.6%.

Jobs for software developers and engineers (204,084) accounted for nearly a third of all tech job postings from employers in May, an increase of more than 77,000 from April. Increases in hiring activity for IT project managers, IT support specialists, systems engineers and architects, and network engineers and architects were also reported. A third of all postings were for emerging technology positions or jobs requiring emerging technology skills.

Employers’ hiring intention was strong in several sectors, including professional, scientific and technical services, finance and insurance, manufacturing, information, retail trade, health care and social assistance , public administration and educational services. The search for tech talent was also widely dispersed across geographies. Four metropolitan areas (New York City, dallas, Los Angeles and Washington) recorded a total of technology job openings that exceeded 31,000 positions.

Hiring in the computer services and custom software development category (+13,100 new positions) led employment growth in the technology sector in May. Data processing, hosting and related services, computer and electronics manufacturing, and other information services, including search engines, were also in positive territory, while employment in telecommunications rose. decreases.

The “CompTIA Tech Jobs Report” is available at https://www.comptia.org/content/tech-jobs-report. For more analysis and insights, visit the CompTIA Tech Job Report video series at https://www.youtube.com/playlist?list=PLuqIJd7KnBU_nZd2oXEwa0I5X7Vt124eM.

About CompTIA

The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for 5 trillion dollars the global information technology ecosystem; and the nearly 75 million industry and technology professionals who design, implement, manage and protect the technology that powers the global economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub to unlock the potential of the technology industry and its workforce. https://www.comptia.org/

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CompTIA
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1 US Bureau of Labor Statistics employment data and EMSI Burning Glass job posting data are subject to upstream revisions.

SOURCECompTIA

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