The technology industry is always changing, which means technology professionals must always keep their skills up-to-date—and stay aware of which jobs are in demand. The ninth edition of the Dice Tech Job Report breaks down which industries (and companies) are hiring, the current nationwide hunger for tech talent, and which cities are rapidly becoming “tech hubs.”
For this report, we analyzed more than 7 million tech jobs posted in the U.S. between January and October of 2021 and 2022. You’ll see the trends that played out in 2022 and what we’re expecting in 2023. Here are the key takeaways:
Demand for Tech Talent Remains Strong
Although 85,000 workers in the U.S. tech sector have reportedly been laid off this year, more than 375,000 tech jobs remain unfilled. Demand for tech talent has fluctuated between January and October 2022 compared to the same period in 2021, but U.S. tech job postings are still up 25 percent, and look even stronger than in 2019 (a recent high-water mark). Organizations always need technology professionals for critical functions, even as they adjust their overall workforces to meet the economic moment.
Established Industries Show No Signs of Slowing on Tech Hiring
Employers in the healthcare, aerospace, finance and consulting industries have hired massive numbers of tech professionals to support innovation efforts, and that has continued into Q4. Despite recent layoffs and a potential recession, 52 percent of tech professionals are likely to change employers in the next year. Tech professionals are confident in their skills and have some wiggle room to negotiate for what they want.
Texas Lessens the Gap in its Competition with California, the Top Competitor for Tech Talent
With five of the top 25 cities by tech job postings (Austin, Houston, Dallas, Plano and San Antonio), and nearly 200,000 job postings ahead of New York, Texas remains a key player in terms of tech presence and tech job growth, which is great news for local tech professionals (or those looking to make a move to the Lone Star State).
Engineers are in High Demand Across Industries and Across the U.S
As organizations continue to focus on digital transformation initiatives, they are also building their core tech teams to help run their basic business operations—and both aspects require tech-savvy engineers. For example, job postings for software development engineer (+139.5 percent) and back-end engineers (+121.5 percent) have more than doubled compared to 2021. In order to take advantage of that demand, tech professionals need to put effort into mastering their core skills.
There’s much more in the report! Read on for everything you need to know about the tech industry and hiring at the moment.