Measures of tech employment down for the
month
DOWNERS
GROVE, Ill., Aug. 2, 2024
/PRNewswire/ -- Hiring activity in the technology sector and
the broader tech workforce took a step back in July, mirroring
national labor market data that revealed a slowdown in job growth,
according to analysis by CompTIA, the nonprofit association for the
tech industry and workforce.
Employers continue to weigh a range of
factors in shorter term tech hiring while eyeing longer term growth
strategies.
The tech industry shed an estimated 9,162 jobs last month,
CompTIA's analysis of U.S. Bureau of Labor Statistics (BLS)
#JobsReport data reveals.1 Companies in
the tech services and software development sector added an
estimated 4,000 workers, which was offset with losses in
telecommunications, cloud infrastructure and related sub-sectors.
The total base of US tech industry employment stands at
approximately 5.6 million workers.
Across the entire economy, tech occupations declined by 14,000
positions.2 The unemployment rate for tech occupations
edged down to 3.2% in July, compared with the national unemployment
rate, which climbed to 4.3%.
"Although disappointing, the slowdown in hiring is about in line
with expectations," said Tim
Herbert, chief research officer, CompTIA. "Employers
continue to weigh a range of factors in shorter term tech hiring
while eyeing longer term growth strategies."
Active employer job postings for tech positions totaled more
than 471,000 last month, including 176,324 categorized as new
postings added in July.3 Demand was strongest for
software developers and engineers, IT project managers, data
analysts and scientists and tech support specialists, though totals
in all occupation categories were down for the month.
The data indicates employers continue to focus on skills-based
hiring. For the month 46% of active tech job postings did not
specify a four-year degree requirement among candidates. Several
key occupations recorded even higher percentages, including network
support specialists (87%), IT support specialists (72%), network
and systems administrators (52%) and database administrators
(50%).
The "CompTIA Tech Jobs Report" is available at
https://www.comptia.org/content/tech-jobs-report.
About CompTIA
The Computing Technology Industry
Association (CompTIA) is the world's leading information technology
(IT) certification and training body. CompTIA is a mission-driven
organization committed to unlocking the potential of every student,
career changer or professional seeking to begin or advance in a
technology career. Millions of current and aspiring technology
workers around the world rely on CompTIA for the training,
education and professional certifications that give them the
confidence and skills to work in tech. https://www.comptia.org/
Media Contact
Steven
Ostrowski
CompTIA
sostrowski@comptia.org
+1.630.678.8468
1 Labor market data from the U.S. Bureau of
Labor Statistics and employer job postings from Lightcast may be
subject to backward revisions.
2 Monthly occupation level data from the U.S. Bureau of
Labor Statistics tends to experience higher levels of variance and
volatility.
3 Active job postings include open postings carried over
from previous months and new postings added by employers.
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SOURCE CompTIA