Tech Hiring Ramps Up
According to the CompTIA Tech Jobs Report, the tech unemployment rate fell to 2.5% in September, the steepest month-over-month decrease in four years. Tech industry employment increased by 8,583 net new positions for the month. Analysis of the U.S. Bureau of Labor Statistics (BLS) Jobs Report shows that the cloud infrastructure, data processing, and hosting subsector (+6,000), as well as the tech services and custom software development sector (+2,900) were the primary drivers of the growth.
The CompTIA Report showed a significant increase in jobs pushed the tech unemployment rate down to 2.5%, well below the national unemployment rate.
An estimated 6.4 million professionals are employed in core tech occupations across the economy.
Other highlights of the report include:
- 46% of tech job postings in September did not specify that candidates require a four-year degree for hiring consideration
- Companies in automotive (General Motors, Ford), financial services (JPMorgan Chase, Wells Fargo), healthcare (Cardinal Health, CVS Health, Humana, Intermountain Health), hospitality (Marriott International), and technology (Apple, Google, Meta, Oracle, TEKsystems) were among employers with the highest volumes of tech job postings in September
- Washington(15,104), New York (13,291), and Dallas (10,676) metropolitan areas saw the most job postings for the month, but Portland (OR), Lansing (MI), Trenton (N.J.), Des Moines(I.A.), and Virginia Beach (V.A.) were also active
And the future looks brighter as well. Job postings for future tech hiring climbed for the second consecutive month to more than 516,000 active postings, including 225,000 new listings added in September. Job openings for tech support specialists and database administrators saw the largest percent change increase for the month at 14%.
