Tech industry employment grows for second straight month, job postings for future hiring rebound, CompTIA analysis reveals
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DOWNERS GROVE, Ill., Feb. 2, 2024 ~ According to a recent analysis by CompTIA, the nonprofit association for the information technology (IT) industry and workforce, technology companies saw a significant increase in employment in January. The analysis of U.S. Bureau of Labor Statistics data revealed that the tech industry added an estimated 17,833 jobs last month.

The growth was seen across four of the five primary sub-sectors, with technology services and software development leading the way with 14,500 new jobs. Cloud infrastructure also saw an increase of 2,100 jobs, while tech manufacturing, particularly in semiconductors, added 1,400 jobs.

However, despite this growth in the tech industry, overall technology occupations across the economy declined by an estimated 117,000 positions. The unemployment rate for tech occupations remained unchanged at 2.3%, while the national unemployment rate held steady at 3.7%.

Chief Research Officer at CompTIA Tim Herbert commented on the data saying, "This month's data is a helpful reminder of the many moving parts in assessing tech workforce gains or losses." He also noted that due to varying employer needs for both short-term and long-term staffing, there will be simultaneous gains and losses within the expansive tech workforce.

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In terms of job postings for tech occupations, there was an impressive rebound with over 392,000 active postings listed by employers. This is a significant increase from December's figure of just over 178,000 postings. The largest month-over-month increase in job postings in the past year was recorded.

Employers are particularly interested in filling positions in software development, IT project management, data analysis and science, IT support and systems analysis and engineering. Additionally, there has been a rise in job postings requiring artificial intelligence skills with about 2,000 more listings compared to December.

Another notable trend is the increasing number of job postings offering hybrid or remote work options. After several months of decline due to the pandemic, there were over 30,000 job postings with these options in January, an increase of about 5,000 from December.

Several metropolitan markets also saw a significant jump in tech job postings, including Dallas, Washington, New York, Boston, Atlanta and Chicago. The highest demand for tech workers was seen in industries such as professional, scientific and technical services; administrative and support services; manufacturing; finance and insurance; and information sectors.

The full "CompTIA Tech Jobs Report" can be accessed on their website at https://www.comptia.org/content/tech-jobs-report.
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