CompTIA: Tech Employment Continues Growth Trajectory

Tech-related employment continues to defy expectations of cutbacks, hiring freezes and layoffs, according to CompTIA’s latest tech jobs analysis.

The Downers Grove, Illinois-based nonprofit Association for the Tech Industry Workforce reveals that tech companies added 4,800 net workers, extending the streak of gains in jobs for 22 consecutive months. Year-to-date, tech industry employment trails 22% ahead of 2021. Businesses across the economy added about 84,000 tech workers for the month.

“Despite the prevailing sentiment of a slowing economy, gains in tech employment say otherwise,” Tim Herbert, director of research at CompTIA, said in a statement. “We can infer from the data that overall demand for tech talent remains strong enough to offset any pockets of weakness.”

The technological unemployment rate fell slightly to 2.1%, signaling a still very tight labor market. Job postings from employers for tech positions totaled 302,370 for the month, down -12% from the previous month.

Data on employer vacancies further confirms the expansive footprint of technology in the economy with hiring activity spanning all sectors, including professional, scientific and technical services (46,263), finance and insurance (39,619) and manufacturing (38,386).

Hiring activity also remains widely dispersed on a geographic basis. As expected, the metro markets of New York (19,993), Washington (16,985), Dallas (12,279), Chicago (10,941) and Los Angeles (10,848) have the most tech job openings . But markets such as Wichita (KS), Little Rock (AR), Lansing (MI) and Dover (DE) saw notable jumps in views from August to September, reflecting ongoing shifts in remote working.

Full CompTIA Tech Jobs Report Available here.

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