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New Report Details Growth in Los Angeles Tech Community

Mar 28, 2019

7,600-plus new jobs added in 2018, according to CompTIA Cyberstates 2019

Los Angeles – Tech-related employment in the Los Angeles metropolitan area increased by 7,632 new jobs in 2018, according to Cyberstates 2019™, the definitive guide to tech sector and workforce analytics released this week by CompTIA, the leading technology industry association.

Net tech employment in the Los Angeles market grew by 1.5 percent last year to an estimated 503,971 workers, or 7.5 percent of the region’s total workforce.[1] More than 53,000 tech-related jobs have been added to the local economy since 2010.

Los Angeles ranks second in net tech employment and eighth in jobs added among the 46 U.S. metropolitan statistical areas covered in the report.

The tech sector’s contribution to the local economy is estimated at $91.4 billion, equal to about 10.3 percent of the total economy.

Tech occupations in high demand in the market include software and web developers (+3.4 percent year over year growth) and computer system and cybersecurity architects (+2.6 percent).

The median tech occupation wage is $86,349; 88 percent higher than the median wage for all occupations.

“The tech industry touches virtually every community, industry and market, especially when you consider the tens of thousands of knowledge workers who rely on technology to do their jobs,” said Todd Thibodeaux, president and CEO, CompTIA. “While Cyberstates confirms a healthy and promising future, we can’t take it for granted. Industry, government and stakeholders across the tech landscape must continue to work together to ensure an environment where innovation can flourish and the opportunities and benefits made possible by technology are available to all.”

The outlook for future employment growth is positive. The Los Angeles market saw a 94  percent increase in the number of job postings related to emerging technologies.

Cyberstates 2019 (#cyberstates) is based on CompTIA’s analysis of data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Economic Analysis, EMSI, Burning Glass Technologies Labor Insights, and other sources. Estimates for 2018 are subject to change as government data is revised and updated. The full report, with complete national, state and metropolitan level data, is available at https://www.cyberstates.org/.

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About CompTIA
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the more than 50 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world’s economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for advancing the tech industry and its workforce. To learn more visit https://www.comptia.org/.

Contact:

Steven Ostrowski
CompTIA
+1 (630) 678-8468
sostrowski@comptia.org­

 



[1] Net tech employment includes tech company workers in technical and non-technical positions, technical workers in other industries and self-employed technology workers.

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Fast Facts

  • $1.8 trillion – Estimated direct economic impact of the U.S. tech industry, representing 10.2% of the national economy.

  • 525,500 – Number of tech business establishments in the U.S.

  • 11.8 million – U.S. net tech employment at the end of 2018.

  • 89,500 – Estimated number of new jobs added by the U.S. tech sector through the first eight months of 2019.

  • 6 – Rank of tech in U.S. job creation since 2010 among the top 22 occupation categories.