Data Shows Information Technology Jobs Grow, Showing Recovery
In January, the United States economy struggled, adding only 49,000 jobs overall. Despite the low number of total jobs, the past two months saw 55,000 new Information Technology (IT) employment, revised from the 18,000, which was initially reported according to research from Janco Associates, Inc.
Compared to January 2020, total U.S. IT jobs have decreased by 35,800, or about one percent. Due to the COVID-19 pandemic, over 100,000 IT employees were furloughed, representing roughly three percent of the entire workforce.
According to CompTIA’s press release, the IT sector saw growth of 11,500 new hires and an estimated 40,000 total new technology employees. CompTIA calculates technical and non-technical positions, whereas Janco analyzes IT positions, including software developers in all industries.
Tim Hebert, executive vice president for research and market intelligence at CompTIA, said, “With net job gains of 33,500 positions through the first two months of 2020, this is the best start to the year for the tech sector since 2017. However, we must acknowledge the possibility of a hiring lull due to the uncertainty many employers are facing.”
CompTIA calculated that an estimated 78,000 IT-related jobs were added in January across the industry sectors, including sales positions. The unemployment rate of 2.4 percent was down from three percent in December 2020. In all job areas, the U.S. unemployment rate fell from 6.7 percent to 6.3 percent. The number of IT-related job listings also grew in January to nearly 26,000, surpassing 232,000.
Janco CEO M. Victor Janulaitis expects eleven percent growth in U.S. IT jobs over the coming decade. He said, “Most of the growth in the IT job market will be with software developers, quality assurance, and testers. This will be driven by [work from home] as it is will be embraced by more enterprises in normal operations and internet-centric applications are developed and deployed. The projected growth for that sector alone will be almost 18 percent,” he said.
According to CompTIA, the states with the most IT job openings in January included California, Texas, Virginia, New York, and Florida. The most substantial month-over-month growth in job postings took place in Massachusetts, New Hampshire, Connecticut, Rhode Island, and Alabama.
The top three industries for IT were scientific and technical services (51,278 job postings), finance and insurance (23,566 job postings), and manufacturing (20,581 job postings.)
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Written by the digital marketing staff at Creative Programs & Systems: www.cpsmi.com.