Trending...
- The Problem With AI Isn't Compute. It's Memory
- SPD Investigate Homicide In North Spokane - One Male In Custody
- ATTENTION: DGCA India & CAAC China — Boeing Quality Chief Doug Ackerman Linked To 24 Year Unaccredited Manufacturing Gap Ahead Of 787 Failures
Unemployment rate for tech remains low with sustained demand for tech talent
DOWNERS GROVE, Ill., March 10, 2023 /PRNewswire/ -- Technology-related employment declined in February, although at a relatively modest rate versus expectations, according to analysis by CompTIA, the nonprofit association for the information technology (IT) industry and workforce.
Tech sector employment encompassing all types of workers employed by tech companies fell by 11,184 positions in February, according to CompTIA's analysis of U.S. Bureau of Labor Statistics #JobsReport data. Among tech subsectors, tech manufacturing added a net new 2,800 jobs, the fifth consecutive month of positive gains. All other tech subsectors experienced net employment losses for the month. As a percentage of the tech sector's total base of employment the losses represent a fraction of one percent (0.2%).
"As expected, the lag in labor market data means prior layoffs announcements are now appearing in BLS reporting," said Tim Herbert, chief research officer, CompTIA. "Context is critical. The recent pullback represents a relatively small fraction of the massive tech workforce. The long-term outlook remains unchanged with demand for tech talent powering employment gains across the economy."
More on Washingtoner
Tech occupations in all industry sectors declined by 38,000 positions[1]. Providing similar context, this represents a modest decline of about a half of one percent (0.6%) of the total base of tech employment across the economy. Consistent with the decline for the month, the unemployment rate for tech occupations crept up to 2.2%. In comparison the national unemployment rate increased to 3.6%.
Employer job postings for tech positions declined by about 40,000, to just over 229,000 in February.[2] Most metropolitan markets experienced fallbacks from January to February, with a few exceptions. Seattle saw job postings increase by just over 10%, to nearly 4,100 for the month. The CompTIA report also shows that there were modest gains in "below the radar" markets such as Salem, OR, and Little Rock, AR.
The largest number of job postings for tech positions occurred in the professional, scientific and tech services industry sector (35,257). Finance and insurance (24,735) and manufacturing (20,246) also had healthy numbers. Tech job postings in finance were dispersed across major metro areas, led by New York City (2,295), Chicago (1,407), Dallas (1,230), Boston (1,088), and Washington (1,051).
The "CompTIA Tech Jobs Report" is available at https://www.comptia.org/content/tech-jobs-report.
More on Washingtoner
About CompTIA
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world's economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for unlocking the potential of the tech industry and its workforce. https://www.comptia.org/
Media Contact
Steven Ostrowski
CompTIA
[email protected]
630.678.8468
SOURCE CompTIA
DOWNERS GROVE, Ill., March 10, 2023 /PRNewswire/ -- Technology-related employment declined in February, although at a relatively modest rate versus expectations, according to analysis by CompTIA, the nonprofit association for the information technology (IT) industry and workforce.
Tech sector employment encompassing all types of workers employed by tech companies fell by 11,184 positions in February, according to CompTIA's analysis of U.S. Bureau of Labor Statistics #JobsReport data. Among tech subsectors, tech manufacturing added a net new 2,800 jobs, the fifth consecutive month of positive gains. All other tech subsectors experienced net employment losses for the month. As a percentage of the tech sector's total base of employment the losses represent a fraction of one percent (0.2%).
"As expected, the lag in labor market data means prior layoffs announcements are now appearing in BLS reporting," said Tim Herbert, chief research officer, CompTIA. "Context is critical. The recent pullback represents a relatively small fraction of the massive tech workforce. The long-term outlook remains unchanged with demand for tech talent powering employment gains across the economy."
More on Washingtoner
- Brilliant Minds to Gather in Fort Worth for National Mensa Event
- UK Financial Ltd Completes One Of The Most Extensive CoinMarketCap Supply Verification Packages For Maya Preferred PRA (MPRA)
- Data Tiles Strengthens U.S. Presence with Chief Revenue Officer John Goode
- Haven Media Solutions Offers Web Design and PPC Services in Atlanta GA
- Spokane: 2026 Pools & Aquatics Information
Tech occupations in all industry sectors declined by 38,000 positions[1]. Providing similar context, this represents a modest decline of about a half of one percent (0.6%) of the total base of tech employment across the economy. Consistent with the decline for the month, the unemployment rate for tech occupations crept up to 2.2%. In comparison the national unemployment rate increased to 3.6%.
Employer job postings for tech positions declined by about 40,000, to just over 229,000 in February.[2] Most metropolitan markets experienced fallbacks from January to February, with a few exceptions. Seattle saw job postings increase by just over 10%, to nearly 4,100 for the month. The CompTIA report also shows that there were modest gains in "below the radar" markets such as Salem, OR, and Little Rock, AR.
The largest number of job postings for tech positions occurred in the professional, scientific and tech services industry sector (35,257). Finance and insurance (24,735) and manufacturing (20,246) also had healthy numbers. Tech job postings in finance were dispersed across major metro areas, led by New York City (2,295), Chicago (1,407), Dallas (1,230), Boston (1,088), and Washington (1,051).
The "CompTIA Tech Jobs Report" is available at https://www.comptia.org/content/tech-jobs-report.
More on Washingtoner
- TREND Network Announces Miami Based Reality Series "Coming Up Miami" Premiering July 1
- Beemok Hospitality Collection And KLH Group Announce Preferred Partnership
- Expanding Access to Mental Health Care in Toronto with Dr. Stephen Shainbart
- Dr. Stephen Shainbart Launches Expanded Mental Health Support for Anxiety and Depression in Toronto
- Equipment Leases, Inc. Launches Updated Family Office Equipment Financing Page
About CompTIA
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world's economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for unlocking the potential of the tech industry and its workforce. https://www.comptia.org/
Media Contact
Steven Ostrowski
CompTIA
[email protected]
630.678.8468
[1] | Monthly occupation level data from the U.S. Bureau of Labor Statistics tends to experience higher levels of variance and volatility. | ||
[2] | Labor market data from the BLS and employer job posting data from Lightcast may be subject to backward revisions. |
SOURCE CompTIA
0 Comments
Latest on Washingtoner
- Republican National Hispanic Assembly & Metropolitan Republican Club Announce Strategic Partnership
- Lake East Landscape Highlights Full-Service Landscaping Solutions Across Seattle and Nearby Areas
- Proactive Tax & Advisory and Accountability Services Merge and Rebrand as Proactive Advisory Group
- Mike Williams Golf Center Now Open at Georgia's Lanier Islands Resort
- Appliance EMT Launches June "Summer Rescue" Promotion
- New Luxury Single Family Homes From $976,990 in Manalapan
- Longevityresearch.ca Unveils a Unique Bayesian Causal Atlas; Saves up to 7.9 life years/patient
- K2 Integrity Acquires RiskFront AI to Deliver AI Automation for Financial Crime Compliance and Risk Operations
- HousingWire acquires Keeping Current Matters, putting local market data into the tools agents use to win listings
- KIDZONET & Ocean Telecom Launch UK First eSIM Child Protection — EasySim AI Safe SIM Cards
- School Dental Screening Programs Conducted in Dubai
- British Brand Daniel Mason™ Expands Premium Braided Leather Belt Collection Internationally
- Looking for expert pool tiling in Gold Coast? Call Avid Tiling
- SPD Investigate Homicide In North Spokane - One Male In Custody
- Hosted Network Powers National Growth with netElastic vBNG, CGNAT and netVision
- Tacoma: Hylebos Bridge to Close for Five Hours on June 11 for Centerlock Replacement
- Super Lawyers Recognizes Inman & Tourgee Attorneys Mark Tourgee and Jacob Rinn
- PropAccount.com Launches PropGenie, the First Branding Studio Built for Prop Firm Operators
- Rushing Headlong: Health IT's Legacy and the Road to Responsible AI is named 2025 Foreword INDIES Book of the Year Awards Winner
- Washington State High School Students Launch Virtual Rocketry Summit