Trending...
- ANTOANETTA Partners With Zestacor Digital Marketing to Expand Online Presence for Handcrafted Luxury Jewelry
- CareerWork$® Appoints Latoya Edmond as Executive Director
- TBM Council Appoints Four Distinguished Leaders to Board of Directors
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
- David Boland, Inc. Awarded $54.3M Construction Contract by U.S. Army Corps of Engineers, Savannah District
- "Phinge Unveil™" Coming to Las Vegas to Showcase Netverse Patented Verified App-less Platform, AI & Modular Hardware Including Developer Conferences
- Tacoma: City Offers Virtual Workshop Series for Small Businesses on AI and Cybersecurity
- Elizabeth McLaughlin, Founder and CEO of Red Wagon Group, named 2026 Presidential Leadership Scholar
- U.S. Congressional Candidate Peter Coe Verbica on America's Asymmetric Crisis
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
- Tacoma: Street Closures Projected to Start the Week of January 12 for Residential Street Restoration Program Maintenance Work
- Spokane: Mayor Brown Appoints New Emergency Communications Director
- Jones Sign Rebrands as Jones to Reflect Growth, Innovation, and Expanded Capabilities
- Everett Chamber Hosts "Con Gusto: Women, Leadership & Culture" Featuring Lombardi's Owner Ker
- Greater Everett Chamber of Commerce Launches 2026 With "Brand Strategy 101" Lunch & Learn
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
- Tacoma: District 5 Council Member Joe Bushnell to Serve as Deputy Mayor in 2026
- City of Tacoma Secures Over $4 Million in Transportation Improvement Board Grants
- Sandesh Sadalge Sworn in as District 4 Tacoma City Council Member for First Full Term
- Tacoma: District 2 Council Member Sarah Rumbaugh Begins Second Term
- Latasha Palmer Begins Serving as Tacoma City Council Member, At-Large Position 6
- Mayor Anders Ibsen Sworn in During First Tacoma City Council Meeting of 2026
- Yunishigawa Onsen's Annual "Kamakura Festival" will be held January 30 – March 1, 2026
- At Your Service Plumbing Named a 2025 Nextdoor Neighborhood Fave
- TBM Council Appoints Four Distinguished Leaders to Board of Directors
- Spokane: 2026 Point-In-Time Count Set for Mid-January, Volunteers Needed
- Sound absorbing wall art: When acoustics meet interior design
- Custom Home Builder Connecticut Valley Homes Wins 2025 Home of the Year from the Modular Home Builders Association
- Scoop Social Co. Partners with Air Canada to Celebrate New Direct Flights to Milan with Custom Italian Piaggio Ape Gelato Carts
- Breakout Phase for Public Company: New Partnerships, Zero Debt, and $20 Million Growth Capital Position Company for 2026 Acceleration
- Japan's Patented "Hammock'n" Smartphone Band Targets Hand Fatigue From Long Phone Use
- Reditus Group Introduces A New Empirical Model for Early-Stage B2B Growth
- CCHR: Harvard Review Exposes Institutional Corruption in Global Mental Health
- Goatimus Launches Dynamic Context: AI Prompt Engineering Gets Smarter
- Global License Exclusive Secured for Emesyl OTC Nausea Relief, Expanding Multi-Product Growth Strategy for Caring Brands, Inc. (N A S D A Q: CABR)
- RNHA Affirms Support for President Trump as Nation Marks Historic Victory for Freedom