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Tech Employment Outpaces Overall Job Growth, But Telecom Sheds More Positions

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Overall job growth may have slowed last month, but tech sector employment grew by about 7,500 positions and tech occupations throughout the economy expanded by more than 250,000.

That’s according to a CompTIA analysis of the Bureau of Labor Statistics’ latest “Employment Situation” report. Four of the tech sector’s five employment categories ended February in positive territory.

New hiring in technology services, custom software development and computer systems design led the way, expanding by an estimated 3,300 new hires.

CompTIA's Tim Herbert

CompTIA’s Tim Herbert

“Tech employment continues to trend upward,” said Tim Herbert, CompTIA’s senior vice president for research and market intelligence. “Beyond broad-based demand for core technical positions, job-posting data indicates emerging tech roles are starting to make a meaningful contribution to tech employment gains.”

Computer, electronic and semiconductor products manufacturing employment increased by 2,500 positions, with more than half of those in the computer and peripheral equipment manufacturing subcategory.

February also saw job gains in data processing, hosting and related services (up 2,400), including search portals (up 1,600).

However, telecommunications employment dropped for a fourth straight month, shedding 2,300 jobs.

The unemployment rate for IT occupations stood at 2.3 percent in February, compared to 2.5 percent in February 2018. The U.S. unemployment rate declined a hair last month, to 3.8 percent.

The number of job postings for core IT skills fell by nearly 40,000 positions from January to February. There was no change in the rank order of tech skills employers were seeking. Software and application developers, computer-user support specialists, and computer systems engineers and architects held the top three positions.

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