New hires and continued strong employer demand bring technical unemployment rate to lowest level in two years, CompTIA analysis reveals
DOWNERS GROVE, Illinois., August 6, 2021 / PRNewswire / – The unemployment rate in information technology (IT) occupations hit a two-year low in July, as tech companies and employers across the economy have increased their workforce, according to an analysis by CompTIA, the nonprofit association for the information technology industry and workforce. , reveals.
“It is not a primary factor, but a combination of factors contributing to the growth of technology employment.”
The unemployment rate in technology occupations fell to 1.5% in July, according to the âState of Employmentâ report released today by the United States Bureau of Labor Statistics (BLS). (#JobsReport). This is the lowest level since August 2019 and is near the historic low of 1.3%.
âBeyond the headline numbers, the underlying data tells a story of diverse hiring growth across technology occupational categories, industry sectors, employer types and locations,â said Tim herbert, Executive Vice President for Research and Market Intelligence at CompTIA. “It is not a primary factor, but a combination of factors contributing to the growth of technology employment.”
Employers in the tech sector added 10,700 jobs last month. Three job categories were behind the gains. Firms added 5,200 workers in computer services and custom software development, 4,000 in other information services, including search engines, and 1,800 in data processing, hosting and data processing. related services.
Tech occupations in all sectors of the U.S. economy increased by 178,000 positions in July, while employer job vacancies for computer positions exceeded 318,500, an increase of more than 7,000 from the previous year. last month.1
The latest job vacancy data shows that the demand for IT workers is strong across all industries and geographies.
The top five industries for which job vacancies were posted in July were professional, scientific and technical services (53,614), finance and insurance (34,728), manufacturing (25,837), information ( 19,124) and retail trade (10,049).
Metropolitan areas with the highest demand for tech workers included new York (21 858), Dallas (17 453), Washington DC (16,391), Los Angeles (13 650), Chicago (12 287), San Francisco (11 835) and Atlanta (10 087).
the Dallas the metropolitan market saw the largest month-over-month increase in tech job vacancies (+2,960), followed by new York (+2.058), Los Angeles (+1 906), Chicago (+1 680) and San Francisco (+1 613). Also in the top 10 for monthly growth is Springfield, Mass., which saw an increase of 1,010 tech vacancies, another sign that opportunities to work in tech extend far beyond Silicon Valley.
The “CompTIA Tech Jobs Report” is available at https://www.comptia.org/content/tech-jobs-report.
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for $ 5,000 billion global information technology ecosystem; and the roughly 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 for advancing the tech industry and its workforce. Visit https://www.comptia.org/.
1Monthly occupation-level data provided by the Bureau of Labor Statistics may be subject to higher levels of variance and volatility.
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