U.S. technology industry companies increased staffing by 5,432 employees in July 2023, with new hiring in custom software services and systems design, PCs and semiconductor and components manufacturing.
According to an analysis by the Computer Technology Industry Association (CompTIA) of the U.S. Bureau of Labor Statistics Jobs Report, technology occupations among employers across all industries increased by 65,000, reversing the negative growth of June 2023.
Tech Talent Demand Remains High
Technology unemployment rate fell to 1.8%, the lowest rate since January 2023, the data showed.
Despite the positive pace of technology hiring, the labor market continues to be tight for technology talent, said Tim Herbert, CompTIA chief research officer. Employers still must “supplement” recruiting with “proactive talent development strategies," he said.
Here are some additional data from the report:
- Employers eased back on job postings for tech occupations, which totaled approximately 204,400 for the month.
- Positions for software developers and engineers, IT project managers, data analysts, IT support specialists and emerging technologies saw the strongest demand.
- Positions in emerging technologies or requiring emerging tech skills accounted for about 23% of all tech job postings in July.
- Within the emerging tech category, 35% of job postings referenced artificial intelligence work and skills.
- Among industries, the largest share of July tech job postings came from employers in the professional, scientific and technical services sector.
- Companies in administrative support, manufacturing and finance and insurance were also active in the search for tech talent.
- Most metro markets saw a decline in tech job postings but several smaller metro regions saw month-over-month growth, including St. Louis, Jacksonville, Florida, Sacramento, California and Las Vegas.