Trending...
- America's Leading Annuity Expert Carlton Cap Averil II Joins Tom Hegna on "Financial Freedom with Tom Hegna"
- California: Governor Newsom advances efficiency efforts, announces five new projects completed to improve state government
- Family Studio Launches Glass Hydroponic Planter on Kickstarter
DOWNERS GROVE, Ill., July 5, 2024 ~ According to a recent analysis by CompTIA, the nonprofit association for the information technology (IT) industry and workforce, the tech industry experienced a surge in job growth in June. The report, which analyzed data from the U.S. Bureau of Labor Statistics (BLS) #JobsReport, revealed that an estimated 7,540 net new workers were added to the tech industry in June, making it the biggest monthly increase of 2024.
The analysis also showed that technology services and software development occupations continue to lead new hiring, which is seen as a positive sign for the small and medium-size segment of the sector. Currently, the total base of US tech industry employment stands at approximately 5.6 million workers.
However, this positive result was offset by a loss of 22,000 tech occupations throughout the economy. This led to an unexpected jump in the tech unemployment rate to 3.7%, moving directionally with the national unemployment rate increase for the month.
Tim Herbert, chief research officer at CompTIA, commented on these findings saying, "Despite pockets of growth, the recent data indicates a degree of downward pressure on tech employment." He also noted that factors such as AI FOMO may be contributing to some employers taking a wait and see approach with tech hiring.
More on The Californer
In terms of job postings for tech positions, there were nearly 200,000 new employer postings in June. While this is slightly down from previous months, there were still over 444,600 active tech job postings for the month and 2.5 million for the year.
Among major metropolitan markets, San Francisco and Denver saw healthy gains in job postings from May to June. San Francisco had a total of 6,110 open positions in June while Denver saw an increase of 424 job postings to reach a total of 3,684. However, most other metro markets experienced modest declines.
When looking at states, California, Texas, and Virginia had the highest volumes of June tech job postings. Interestingly, the report also showed that 46% of all active tech job postings in June did not require candidates to have a four-year degree. This percentage was even higher for certain key tech positions such as network support specialists (90%), IT support specialists (73%), network and systems administrators (54%), network architects (50%), and database administrators (50%).
The full "CompTIA Tech Jobs Report" can be accessed on their website at https://www.comptia.org/content/tech-jobs-report. Overall, while the tech industry saw growth in job numbers in June, there are still some challenges and uncertainties that may be impacting employment in the sector.
The analysis also showed that technology services and software development occupations continue to lead new hiring, which is seen as a positive sign for the small and medium-size segment of the sector. Currently, the total base of US tech industry employment stands at approximately 5.6 million workers.
However, this positive result was offset by a loss of 22,000 tech occupations throughout the economy. This led to an unexpected jump in the tech unemployment rate to 3.7%, moving directionally with the national unemployment rate increase for the month.
Tim Herbert, chief research officer at CompTIA, commented on these findings saying, "Despite pockets of growth, the recent data indicates a degree of downward pressure on tech employment." He also noted that factors such as AI FOMO may be contributing to some employers taking a wait and see approach with tech hiring.
More on The Californer
- New Wellness Retreat Cabo: Rise Within Retreat in Los Cabos Invites Rukhsana's Community
- Attn: Art Galleries, Art Museums and Art Critics re 5 Paintings that could create a lot of buzz and a lot of Controversy throughout the Art World
- California: Governor Newsom proclaims Thanksgiving Day
- ZEELOOL 2025 Black Friday and Cyber Monday Big Deals
- Americans Are Building Family Legacies That Last Generations — Not Just Paychecks That Last a Month
In terms of job postings for tech positions, there were nearly 200,000 new employer postings in June. While this is slightly down from previous months, there were still over 444,600 active tech job postings for the month and 2.5 million for the year.
Among major metropolitan markets, San Francisco and Denver saw healthy gains in job postings from May to June. San Francisco had a total of 6,110 open positions in June while Denver saw an increase of 424 job postings to reach a total of 3,684. However, most other metro markets experienced modest declines.
When looking at states, California, Texas, and Virginia had the highest volumes of June tech job postings. Interestingly, the report also showed that 46% of all active tech job postings in June did not require candidates to have a four-year degree. This percentage was even higher for certain key tech positions such as network support specialists (90%), IT support specialists (73%), network and systems administrators (54%), network architects (50%), and database administrators (50%).
The full "CompTIA Tech Jobs Report" can be accessed on their website at https://www.comptia.org/content/tech-jobs-report. Overall, while the tech industry saw growth in job numbers in June, there are still some challenges and uncertainties that may be impacting employment in the sector.
Filed Under: Business
0 Comments
Latest on The Californer
- Snell & Wilmer's Orange County Office Welcomes Associate Mariam Abuladze
- City of Long Beach Earns Perfect Score in Nationwide LGBTQ+ Municipal Equality Index
- Monterey–Sicily Cultural Initiative Surpasses 1.1 Million Impressions as Dr. Vincent Malfitano's Civic Leadership Gains Recognition
- The Reckless Joins All-Star Lineup for Scott Weiland 10th Anniversary Tribute Concert
- ZippyChain to Present at Unicorn Pitches – GSD Demo Day on December 3
- Bent Danholm Lists Contemporary Lakefront Residence in Winter Garden's Avalon Cove
- Safe Health Zones: A Global Breakthrough to Protect Night-Shift Workers from Preventable Harm
- ProfileSpider Launches Powerful One-Click Profile Scraper for Recruiters and Growth Teams
- NATCO Awarded U.S. Patent for Persimonal® – Breakthrough Innovation in Preparing Persimmon Leaf Extract
- California Yacht Club Announces Inaugural "Beacons of Excellence"
- Long Beach Animal Care Services Launches New Pet Licensing Program with DocuPet
- BrassTranscripts Adds 16 Specialized AI Prompts for Gaming, Freelancing & Small Business Workflow
- Rio Bela Cosmetics Launches Inclusive Line of Organic Skincare Products
- Awepra Unveils AwepraAI: A New Era of Adaptive Intelligence
- Forget turkey, we're thankful about salmon. How California is helping salmon bounce back.
- California: This season of thanks, Governor Newsom announces six projects on state land to provide families with new affordable housing
- Inningz Wealth Circle Introduces Concept Flow Learning Architecture Under Isaac Sinclair
- Jorgepaez Wealth Circle Establishes Cognitive Research Division Under the Vision of Elias Sinclair
- The 7 Visibility Problems Costing Independent Hotels Thousands Every Month
- TOGETHXR x StudBudz drives 4M impressions in 72 hours during NWSL Championship week