The technology industry unemployment rate rose to 3.7% in June, a notable increase after falling to 2.5% in May.
“Despite signs of growth, recent data suggests there is some downward pressure on tech employment,” CompTIA chief research officer Tim Herbert said in a statement. Accompanying the analysis of data from the U.S. Bureau of Labor Statistics (BLS)“A confluence of factors, including FOMO about AI, is likely contributing to some employers taking a wait-and-see approach when it comes to hiring in tech.”
One sign of growth was the technology industry itself, which added 7,540 new jobs in June, its largest monthly gain so far this year, even as the economy overall lost 22,000 tech jobs. New employer job openings in tech were 200,000, down slightly from the previous month.
Technical roles with the most hiring activity in June included software developers and engineers, data scientists, IT support specialists, network architects, and more. Keep in mind that while unemployment rates fluctuate, businesses everywhere still need highly specialized technical talent for a variety of tasks, from building websites to training next-generation AI models. Job categories that saw an increase in hiring activity this year include:
There are opportunities for people just out of school who are interested in a technology career as well. Skilled in technology and computer scienceThere are a variety of roles available, including analysts, IT operations, and researchers. In cities like Washington DC, New York, and Dallas, Hiring patterns for tech professionals remain strong.
according to Layoff.fyiWhile still far from the massive job cuts expected in early 2023, tech industry layoffs increased slightly from May to June. Notable tech companies that have cut staff in the past month include PayPal, Microsoft, Fisker, Google and eBay.
