Industry adds 7,500 net new jobs, but tech
occupation unemployment ticks up
DOWNERS
GROVE, Ill., July 5, 2024
/PRNewswire/ -- Technology industry job growth in June was
offset by slowdowns in other key employment metrics, analysis by
CompTIA, the nonprofit association for the information technology
(IT) industry and workforce.
Technology services and software
development occupations continue to lead new hiring.
The tech industry added an estimated 7,540 net new workers in
June, the biggest monthly increase in 2024, CompTIA's analysis of
U.S. Bureau of Labor Statistics (BLS) #JobsReport data
reveals.1
Technology services and software development occupations
continue to lead new hiring, a positive sign for the small and
medium-size segment of the sector. The total base of US tech
industry employment stands at approximately 5.6 million
workers.
That positive result was countered by the loss of 22,000 tech
occupations throughout the economy.2 The tech
unemployment rate experienced an unexpected jump to 3.7%, moving
directionally with the national unemployment rate increase for the
month.
"Despite pockets of growth, the recent data indicates a degree
of downward pressure on tech employment," said Tim Herbert, chief research officer, CompTIA. "A
combination of factors, including AI
FOMO, likely contributes to segments of employers taking a
wait and see approach with tech hiring."
New employer job postings for tech positions totaled nearly
200,000 in June, down slightly month-over-month. In total there
were more than 444,600 active tech job postings for the month and
2.5 million for the year.3
Among major metropolitan markets, San
Francisco and Denver
recorded healthy gains in the number of job postings from May to
June. Open positions in San
Francisco totaled 6,110, an increase of 1,077 from May. In
Denver, tech job postings
increased by 424 to 3,684. Most other metro markets saw modest
declines. California, Texas and Virginia had the highest volumes of June tech
job postings among the states.
The report shows that 46% of all active tech job postings in
June did not specify that candidates have a four-year degree. The
percentage was higher for several key tech positions, including
network support specialists (90%), IT support specialists (73%),
network and systems administrators (54%), network architects (50%)
and database administrators (50%).
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 community,
education, training, certifications, advocacy, philanthropy, and
market research, CompTIA is the hub for unlocking the potential of
the tech industry and its workforce. http://Connect.CompTIA.org
Media Contact
Steven
Ostrowski
CompTIA
sostrowski@comptia.org
+1 630.678.8468
1 Labor market data from the U.S. Bureau of
Labor Statistics and employer job postings from Lightcast may be
subject to backward revisions.
2 Monthly occupation level data from the U.S.
Bureau of Labor Statistics tends to experience higher levels of
variance and volatility.
3 Active job postings include open postings carried over
from previous months and new postings added by employers.
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SOURCE CompTIA