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CompTIA: Tech Job Market Continues to Out Perform Amid Economic Weakness

CompTIA's July 2022 Tech Jobs Report reveals a falling tech job unemployment rate of 1.7% and job postings up by 49%.

August 8, 2022 TD Staff Leave a Comment

COMPTIA JULY 2022 TECH JOBS REPORT

The tech job market is continuing its run of gains, according to CompTIA, the Downers Grove, Ill.,-based nonprofit association for the IT industry and workforce.

In July 2022, tech occupations across all industry sectors increased by an estimated 239,000 positions. The unemployment rate for tech occupations was 1.7% in July, according to CompTIA’s analysis of data from the U.S. Bureau of Labor Statistics (BLS).

Through the first seven months of 2022 U.S. companies listed approximately 3.1 million jobs postings for tech positions, an increase of 49% for the same period last year.

“The tech jobs market has repeatedly outperformed in the face of real and perceived economic weakness,” said Tim Herbert, chief research officer at CompTIA, in a statement. “The data confirms that for every layoff announcement there are other employers stepping in to take advantage of tech talent hiring opportunities.”

The tech job posting data from July shows that there are employment opportunities at every experience level, in a variety of occupation categories and in nearly every metro market and state across the country, says CompTIA. About one in five tech job postings were for positions requiring two years or less of experience. About half specified three to five years of experience, while 13% sought candidates with nine or more years of experience.

Software developers and engineers are the most in-demand positions employers are looking to hire – nearly 148,000 job postings last month. There is also a strong job market for IT support specialists, IT project managers, systems engineers and architects and network engineers and architects. Positions in emerging technologies or jobs requiring emerging tech skills accounted for one-third of all postings in July.

The New York City, Los Angeles and San Francisco metro markets recorded the largest month-over-month increase in tech jobs postings. But “under the radar” markets also populate this list:

Metro Area July Tech Job Postings Increase

Topeka, KS 1,437 627
Lansing, MI 1,810 570
Trenton, NJ 1,770 468
Huntsville, AL 2,195 324
Rochester, NY 1,222 283
Little Rock, AR 1,949 257
Oklahoma City, OK 1,764 207

Within the tech sector, three occupation categories recorded job growth in July – other information services, including search engines (+6,800), data processing, hosting and related services (+4,100) and computer and electronic products manufacturing (+3,300). Hiring in the IT services and custom software development category was flat, while telecommunications-related occupations declined (-1,400).

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Tagged With: CompTIA, Jobs Report, Tech Jobs

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