CompTIA: Strong Tech Employment Numbers Counter Layoffs

Technology companies added workers for the 24th consecutive month and tech occupations expanded throughout the economy in November, according to the latest “Tech Jobs Report” from CompTIA, which is based on data from the U.S. Bureau of Labor Statistics. The report reveals that tech companies added 14,400 workers last month. Tech sector employment has increased by 207,200 this year.

“The hotter-than-anticipated tech jobs report confirms there are still many more employers hiring tech talent than shedding it,” said Tim Herbert. “It’s certainly premature to dismiss concerns over the health of the economy, but this should be a reassuring sign for the tech workforce.”

Tech occupations in all industry sectors grew by 137,000 positions, pushing the unemployment rate for tech workers down to 2%, from 2.2% in October.

November hiring by technology companies was broad-based across occupation categories, led by IT services and custom software development (+8,100). Employment growth also occurred in data processing, hosting, and related services (+4,100), other information services, including search engines (+2,100) and computer and electronic products manufacturing (+1,900).

Employer job postings for future tech hiring fell back in November, but still totaled nearly 270,000. Openings for software developers and engineers accounted for about 28% of all tech jobs postings. Demand for IT support specialists, systems engineers, IT project managers and network engineers was also solid.

CompTIA’s analysis also reveals that 30% of all tech jobs postings are for positions in emerging technologies, such as artificial intelligence, or in roles that require emerging tech skills.

Channel Impact^®
The tech sector adds workers for the 24th straight month, with tech occupations grow throughout the economy. We can all use a little bit of good news on the economic front.