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CompTIA’s monthly jobs report shows tech companies are hiring more

by Babu Patil
CompTIA's monthly jobs report shows tech companies are hiring more

Tech sector companies added 25,500 new employees in August, with growth in five major occupation categories. Employers are seeking a range of tech skills, including software development and engineering. The unemployment rate for tech occupations edged up to 2.3%, paralleling the national unemployment rate (3.7%).

According to CompTIA, a non-profit association for the information technology industry and workforce, new employment statistics indicates that employers continue to expand their technology teams, reaffirming tech’s crucial role in driving business and industry.

CompTIA’s analysis of the U.S. Bureau of Labor Statistics (BLS) “Employment Situation” report finds that the tech sector added 25,500 net new employees in August, with an increase in five key employment categories. The tech business has added 175,700 jobs in 2022, which is 46% higher than the previous year and 92% higher than in 2019.

The industry added an estimated 21,000 IT workers during the month. The tech industry’s unemployment rate increased to 2.3%, reflecting the trend of the overall unemployment rate (3.7%).

In August, there were just under 320,000 job postings for technology-related employment. Employers seek a variety of technical talents, such as software development and engineering, IT support, IT project management, systems engineering, and network engineering.

Professional, scientific, technical services, finance and insurance, manufacturing, information, and retail trade had the highest job listings. 

In large, medium, and small markets, there are technological employment opportunities available nationwide. 

The metropolitan areas of New York City, Washington, Dallas, Chicago, and Los Angeles had the most job posts for tech roles, while Allentown (PA), Raleigh (NC), and Columbus (OH) saw the highest month-over-month growth.

Additionally, CompTIA’s finding shows that remote work and work-from-home opportunities continue to expand for IT employees. From January to August 2022, the number of tech job posts that indicate remote work will increase by 56% over the previous year and by 281% over the pre-pandemic year of 2019.

IT services and custom software development employment grew by 14,400 in August, the most of any occupation in the technology sector. Manufacturing of computer and electrical equipment (+4,500), data processing, hosting, and related services (+3,200), and other information services, including search engines (+3,000), all had robust development. The number of employees in the telecommunications industry increased by only 400....

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