CompTIA: Tech Jobs Growth Exceeds Expectations

Published On: July 24, 2022Categories: Buzz, Uncategorized

Tech industry hiring remains on an upward trajectory, countering reports of layoffs according to analysis by CompTIA, an industry trade association based in suburban Chicago.

Technology companies added 20,300 net new workers in June, the 19th consecutive month of employment growth, based on CompTIA’s analysis of data from the U.S. Bureau of Labor Statistics (BLS).

Tech sector employment for the first half of 2022 is tracking 59% ahead of the same period last year. Companies across the economy added 160,000 core technology workers in June. The unemployment rate for tech occupations fell back to 1.8%, compared to the overall national unemployment rate of 3.6%. Employer job postings for new tech hiring totaled 505,663 last month, up 62% from June 2021.

“The stronger than expected job gains reaffirm the critical role of tech across every sector and every business in the economy,” said Tim Herbert, chief research officer at CompTIA. “It also highlights the limitations in projecting company-specific hiring practices to the broader tech workforce.”

Employer hiring intent was strong across several industry sectors, led by professional, scientific and technical services, finance and insurance, manufacturing, information, retail trade, health care and social assistance and public administration. Job postings for software developers and engineers led the list of the most in-demand positions, followed by IT support specialists, IT project managers, cybersecurity professionals and network engineers and architects.

New hiring in the IT services and custom software development occupation category paced June’s job growth in the tech sector. Other occupational categories experiencing employment growth include data processing, hosting/related services, search engines, computer and electronic products manufacturing, and telecommunications.

Channel Impact®
The metrics show solid employment gains and reaffirm tech’s essential role in powering the nation’s economy.

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