The unemployment rate for technology occupations remains an incredibly low 1.5 percent, according to a new analysis by CompTIA. That’s noticeably below the national unemployment rate of 5.2 percent.
Tech companies added some 26,800 technologists and other positions in August, the biggest monthly gain for the tech industry since November 2018. However, tech hiring was weaker in other parts of the economy. “Information technology occupations in all sectors of the U.S. economy fell back by 334,000 in August, a reminder that monthly occupation-level data reporting from the Bureau of Labor Statistics may be subject to higher levels of variance and volatility,” read CompTIA’s report. “Additionally, while difficult to precisely quantify the impact, it is possible the return of uncertainty associated with the Delta variant affected tech occupation hiring in some sectors.”
Top industries for tech hiring included:
“There are a number of positives in this month’s Jobs Report with tech sector hiring, a falling unemployment rate and strong employer hiring activity for tech talent,” Tim Herbert, executive vice president for research and market intelligence at CompTIA, wrote in a statement accompanying the data. “The offsetting dip in tech hiring in some areas of the economy is a potential cause for concern but could also be a momentary pause in an otherwise upward trending tech hiring curve.”
While the Delta variant of COVID-19 has inserted a bit of uncertainty into the equation, it’s clear that virtually all industries need technologists for a variety of duties, from setting up corporate clouds to making sure the tech stack is safe from intruders. If you’re on the hunt for a new role, though, consider targeting tech companies—it seems they’re in the midst of a hiring spree.