8,700 jobs added in May; IT job postings also up
Downers Grove, Ill. – The U.S. information technology (IT) sector added an estimated 8,700 new jobs in May, the fourth consecutive month of employment growth, according to CompTIA, the leading technology industry association.
A CompTIA analysis of today’s Bureau of Labor Statistics “Employment Situation” report finds May job growth occurred in three categories:
Shedding jobs last month were the telecommunications (- 1,900) and data processing, hosting and related services (- 400) categories.
“As one of the largest industry sectors in the U.S. economy, technology continues to extend its reach in terms of employment and economic impact,” said Tim Herbert, senior vice president for research and market intelligence at CompTIA. “While the ongoing shifts to as-a-service and software-centered models are evident in the data, hardware and infrastructure remain vital components of the tech ecosystem.”
Employers posted nearly 314,000 job openings for IT occupations in May. That’s an increase of 80,930 over April, and one of the largest month-over-month jumps in recent years. Software and application developer openings led the way, with 94,700 job postings, an increase of 26,500 positions over April.
Tech occupation employment across all sectors of the economy declined by an estimated 12,000 positions in May. That marked the third consecutive month of job reductions, after the year started with two strong months of hiring. This volatility reflects the higher degree of variance in monthly Bureau of Labor Statistics data at the occupation level, so these figures should be viewed as directional.
Overall, the U.S. economy added a better-than-expected 223,000 jobs in May as the labor market maintained its steady growth. The May unemployment rate fell to 3.8 percent, a slight drop from 3.9 percent in April.
The complete CompTIA IT Employment Tracker report is available at https://www.slideshare.net/comptia/comptia-it-employment-tracker-june-2018.
CompTIA publishes research on tech industry employment, skills and workforce trends throughout the year, including Cyberstates™ 2018, the definitive annual analysis of the nation’s tech industry. To learn more, visit http://cyberstates.org/ and https://www.comptia.org/insight-tools/business?tags=it%20workforce.
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About CompTIA
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $1.5 trillion U.S. information technology ecosystem; and the 11.5 million technology and business professionals who design, implement, manage, market, and safeguard the technology that powers the U.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
sostrowski@comptia.org
630-678-8468
Steve Ostrowski
Senior Director, Corporate Communications
(630) 678 - 8468
sostrowski@comptia.org
Roger Hughlett
Director, Corporate Communications
(202) 503 - 3644
rhughlett@comptia.org
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Access Now$2 trillion – Estimated direct economic impact of the U.S. tech industry, representing 8.8% of the national economy.
582,000 – Number of tech business establishments in the U.S.
9.1 million – U.S. net tech employment at the end of 2022.
286,400 – Estimated number of new technology jobs added in the U.S. in 2022.
4.1 million – Number of postings by U.S. employers for tech job openings during 2022.
