Press Releases

New York Technology Community Expands Workforce, Economic Impact

Apr 21, 2020

15,500 jobs added in 2019, according to CompTIA Cyberstates 2020™ report

Albany, N.Y. – Information technology (IT) employment in New York grew to nearly 680,000 workers in 2019, capping a decade in which the state’s tech-related workforce expanded by more than 125,000 jobs, according to Cyberstates 2020™, the definitive guide to the U.S. tech industry, occupations and trends published annually by CompTIA, the leading trade association for the global IT industry.

Net tech employment grew by an estimated 15,528 workers in 2019, an increase of 2.3% over 2018.[1] Only the healthcare industry added more jobs in the state last year.

From 2010 through 2019 New York’s tech employment grew by 22.6%. Tech workers now make up an estimated 6.7% of the overall New York workforce.

At nearly $123.4 billion the tech sector accounts for 8% of the state’s total economy. New York is home to more than 26,400 tech business establishments.

“Technology powered job growth and economic gains in the past decade in New York and across the county while delivering countless benefits in how we work, communicate, create and share,” said Todd Thibodeaux, president and CEO of CompTIA.

“Looking ahead, the need for professionals from all backgrounds to develop, support, and protect these technologies will continue to grow,” Thibodeaux added. “In these trying times it is often difficult to think beyond today, but we must remain committed to preparing the workforce of tomorrow for success in whatever the future may hold.”

New York ranks third nationally in net tech employment and fourth in the number of new jobs added in 2019.

“The labor market for technology professionals was extremely tight during 2019, with unemployment nationwide at historic lows throughout periods of the year,” said Tim Herbert, executive vice president for research and market intelligence at CompTIA. “This speaks to the broad-based demand for tech talent across regions, industries and employers looking to capitalize on innovation that was once in the realm of science fiction, but increasingly reality.”

In fact, positions in emerging technologies accounted for 20.6% of all tech job postings in New York last year.

More from Cyberstates 2020

  • The New York City metropolitan area leads the nation in net tech employment with an estimated 680,140 workers; and was third in the number of new tech-related jobs added last year (13,513).
  • New York City ranks third – at $140.5 billion – in a measurement of the tech sector’s financial contribution to local economies.
  • The estimated median tech wage in the state of New York is $89,534. That’s 74% higher than the median wage for all occupations.

Cyberstates 2020 is based on CompTIA’s analysis of data from the U.S. Bureau of Labor Statistics, U.S. Bureau of Economic Analysis, Economic Modeling Specialists International (EMSI), Burning Glass Technologies, Hoovers and other sources.

Visit https://www.cyberstates.org/ for the latest data on the economic and employment impact of the U.S. tech industry.

About CompTIA
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5.2 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 www.comptia.org to learn more.

Contact:

Steven Ostrowski
CompTIA
630-678-8468
sostrowski@comptia.org­
www.comptia.org



[1] Net tech employment is a measure developed by CompTIA to encompass the two components of the tech workforce: employment within the tech industry and tech employment across all other sectors of the economy.