Employment in the technology industry increased by 24,300, while employment in technology occupations increased by 178,000 in January 2022
Strong hiring momentum in the tech sector continued in January 2022, according to analysis of the latest labor market data by CompTIA, the nonprofit industry and labor association. information technology (IT) workforce.
Technology-related hiring contributed to strong national job growth of 467,000 in January, as reported in the US Bureau of Labor Statistics’ Employment Situation report.
Tech companies increased employment by 24,300 workers in January, the 14th straight month of tech job growth at the industry level. Economy-wide IT occupations increased by 178,0001, bringing the unemployment rate for technology occupations down to 1.7% in January from 2% in December.
“By all accounts, this was an exceptionally strong start to the year for tech employment,” said Tim Herbert, director of research at CompTIA. “The arms race in recruiting and retaining tech talent is undoubtedly challenging employers in direct and indirect ways.”
Job postings from employers for tech roles reached nearly 340,000 last month, spanning industry sector, location and skill set. January’s tech job posting rate continues to be above the 12-month average of about 11%2.
Tech job postings topped 10,000 openings in eight metropolitan areas across the country, from New York (19,265) to Seattle (10,047). The data also reveals that tech job opportunities aren’t limited to the biggest cities. Lansing, Mich., ranked third nationally among all metro markets in month-over-month increase in tech job postings. Michigan saw the largest increase in job openings among the states, with a total of 10,559 in January, an increase of more than 2,100 from December.
“Analysis of employer job postings confirms the interconnected nature of technical skills in cloud infrastructure, applications, data and cybersecurity, as well as the critical importance of soft skills, project management skills and business acumen,” Herbert said.
Professional, scientific and technical services (56,860), finance and insurance (38,820), manufacturing (31,379), information (16,796) and retail (11,687) led the list of industries with tech job vacancies in January.
More than half of January’s tech job gains came in the computer services and custom software development category (+14,800), an important indicator of business activity, especially among small and medium-sized enterprises. Technology firms also added workers in data processing, hosting and related services (+7,500), other information services including search engines (+3,100) and product manufacturing computers and electronics (+2,000). Only the telecommunications job category is in negative territory (-3,100).
The “CompTIA Tech Jobs Report” is available here.