CompTIA Newsroom

 

CompTIA Press Releases

Tech Companies Accelerate Hiring as Other Industries Slow Employment Growth, CompTIA Analysis Finds

Sep 3, 2021

DOWNERS GROVE, Ill. – Hiring by U.S. technology companies in August reached a near two-year high, a positive counterweight to slower payroll growth and tech employment in other sectors of the economy, an analysis by CompTIA, the nonprofit association for the information technology (IT) industry and workforce, finds.

Tech companies added an estimated 26,800 workers last month in both technical and non-technical positions, according to the “Employment Situation” report released today by the U.S. Bureau of Labor Statistics (BLS) reveals. (#JobsReport). It’s the largest monthly gain in tech industry jobs since November 2018. So far this year tech industry hiring has increased by more than 120,000 positions.

Information technology occupations in all sectors of the U.S. economy fell back by 334,000 in August, a reminder that monthly occupation-level data reporting from the Bureau of Labor Statistics may be subject to higher levels of variance and volatility. Additionally, while difficult to precisely quantify the impact, it is possible the return of uncertainty associated with the Delta variant affected tech occupation hiring in some sectors.

The unemployment rate for technology occupations remains at a very low 1.5% compared to the national rate of 5.2%.

“There are a number of positives in this month’s Jobs Report with tech sector hiring, a falling unemployment rate and strong employer hiring activity for tech talent,” said Tim Herbert, executive vice president for research and market intelligence at CompTIA. “The offsetting dip in tech hiring in some areas of the economy is a potential cause for concern but could also be a momentary pause in an otherwise upward trending tech hiring curve.”

Within the tech sector all five employment categories were in positive territory in August paced by new hiring in data processing, hosting and related services (+11,900) and IT services and custom software development (+9,800). Other information services, including search engines (+3,500) and computer and electronic products manufacturing (+1,400) also showed solid job growth, while telecommunications had a modest gain (+200).

Employer job postings for open technology positions continued to trend upward in August, surpassing 321,000. Three in 10 job postings were for positions in emerging technologies or jobs that require emerging tech skills.

Top industries for tech job postings included professional, scientific and technical services (58,608), finance and insurance (32,548), manufacturing (24,352), information (19,304), educational services (15,718) and retail trade (10,521).

The Jacksonville metropolitan market recorded the largest month over month gain in tech jobs postings, followed by Atlanta, Washington, Baltimore and Boston. At the state level Florida, Virginia, Massachusetts, Maryland and Idaho had the best month over month performance.

The “CompTIA Tech Jobs Report” is available at https://www.comptia.org/content/tech-jobs-report.

About CompTIA
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 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. Visit  https://www.comptia.org/.

Media Contact
Steven Ostrowski
CompTIA
sostrowski@comptia.org
+1 630-678-8468

View all Press Releases

Media Resource Center

Media Contact

Steve Ostrowski
Director, Media Relations
(630) 678 - 8468
sostrowski@comptia.org

Public Sector Media Contact

Roger Hughlett
Director, Public Sector Communications & Marketing
(202) 503 - 3644
rhughlett@comptia.org


Follow Us

Follow us on social media to keep up to date on CompTIA.


Media Library

Download CompTIA logos and assets from our press releases to use in your article or write-up.

Access Now

Media Resources

Press Releases
Subscribe to CompTIA News
CompTIA in the news
Media Library

 

CompTIA Meetings & Events

5 keys to successfully build an unstoppable IT sales engine

3pm UK GMT / 9am US CT

If your sales are growing in line with your plans then you won’t need to join this webinar. However, if:

  • your sales engine is not scaling in line with expectations,
  • sales forecasts are only accurate in the short term,
  • growth targets are occasionally missed,
  • the mix of products and services are not always achieved in the required proportions,
  • ·new sales hires don’t work out as often as frequently as you would like, and
  • your clients don’t always pay for the value you deliver.
Then, this session is for you.

CompTIA Communities & Councils Forum (CCF)

Chicago, Il

View all CompTIA Meetings & Events

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.