Tech Employment Gains Pause for the Month, CompTIA Analysis Shows
Declines recorded in July but net jobs are up by 203,000-plus since COVID-19 outbreak
US technology-related employment, which has expanded by more than 200,000 positions so far this year, experienced a pause in job growth in July, according to an analysis by CompTIA, the nonprofit association for the global technology industry.
The nation’s technology sector scaled back by an estimated 17,300 positions last month, a combination of both technical and non-technical roles, CompTIA’s review of the latest Employment Situation report from the U.S. Bureau of Labor Statistics reveals. #JobsReport
IT occupations in all sectors of the economy declined by an estimated 134,000 jobs.
Even with the July job losses, net IT employment is up by more than 203,000 positions since the outbreak of COVID-19. The unemployment rate for IT occupations is 4.4%, less than half of the national unemployment rate of 10.2%.
Over the past five years annual monthly job gains occurred, on average, in six months and job losses were recorded in the other six months. Year to date in 2020 there have been five months of job gains and two months of job losses.
“After several months of tech job gains exceeding expectations in a very difficult economic environment, a pause in tech hiring was not unexpected,” said Tim Herbert, executive vice president for research and market intelligence at CompTIA.