Hiring by technology companies in August reached a near two-year high, leading the way during the pandemic as other job sectors continue to see a dip.
In the “Employment Situation” report released on Friday, the U.S. Bureau of Labor Statistics (BLS) found that tech companies added an estimated 26,800 workers last month in both technical and non-technical positions, marking the largest monthly gain in tech industry jobs since November 2018. Meanwhile, information technology occupations in all sectors of the U.S. economy continued to stall, with 334,000 tech jobs being lost in other industries.
So far this year tech industry hiring has increased by more than 120,000 positions, while the unemployment rate for technology occupations remains at a very low 1.5 percent — compared to the national rate of 5.2 percent.
According to an analysis by CompTIA, a nonprofit association for the information technology (IT) industry and workforce, it is possible the Delta variant had an impact on tech hires in some sectors.
“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.”
In its monthly snapshot, CompTIA noted that Florida experienced the best month over month performance, followed by Virginia, Massachusetts, Maryland, and Idaho. Additionally, the Jacksonville metropolitan market recorded the largest month over month gain in tech jobs postings, beating out Atlanta, Washington, Baltimore and Boston.
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).
Employer job postings for open technology positions also 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.
To view the full jobs report, click here.