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IT Infrastructure, News

CompTIA: Tech Hiring Remains Solid Despite Economic Worries

The tech sector adding 25,000 new workers in August, boosting tech industry employment in 2022 46% ahead of last year, CompTIA says.

September 2, 2022 Zachary Comeau Leave a Comment

COMPTIA JULY 2022 TECH JOBS REPORT

Organizations are continuing to grow their technology teams, with the tech sector adding 25,000 new workers in August, boosting tech industry employment in 2022 46% ahead of last year and 92% ahead of 2019, according to IT association CompTIA.

Throughout the economy, companies added 21,000 tech workers for the month, but the unemployment rate for tech occupations edged up slightly to 2.3%, which CompTIA says is on par with the national rate of 3.7%.

Job postings for new tech hiring slipped from previous months, but still totaled nearly 320,000, and postings for remote work opportunities are up 56% over last year, and 281% from the pre-pandemic year of 2019, the organization says.

CompTIA cites the most in-demand tech jobs as software development and engineering, IT support, IT project management, systems engineering and network engineering.

According to CompTIA, the largest numbers of job postings occurred in these sectors: professional, scientific and technical services, finance and insurance, manufacturing, information and retail trade.

Employment opportunities in tech are available across the country, in markets of all sizes. The New York City, Washington, Dallas, Chicago and Los Angeles metro areas had the most job postings for tech positions, while Allentown, Pa., N.C, and Columbus, Ohio recorded the largest month-over-month increases in tech job postings.

Within the tech sector, new hiring in the IT services and custom software development occupation category, which expanded by 14,400 workers, paced August’s job gains, the organization says.

Solid growth also occurred in computer and electronic products manufacturing (+4,500), data processing, hosting and related services (+3,200) and other information services, including search engines (+3,000). Telecommunications jobs increased by a modest 400, CompTIA says.

“Stability in tech hiring continues to be an over-arching theme this year,” said Tim Herbert, chief research officer at CompTIA. “Despite all the economic noise and pockets of layoffs, aggregate tech hiring remains consistently positive.”

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Tagged With: CompTIA

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