Tech Hiring Hurt by Market Turmoil

<p>Tech hiring activity in April felt the weight of ongoing economic uncertainties and mixed market signals according to <a href&equals;"https&colon;&sol;&sol;www&period;comptia&period;org&sol;">CompTIA<&sol;a>&comma; the leading global provider of vendor-neutral information technology &lpar;IT&rpar; training and certification products&period;<&sol;p>&NewLine;<p>Tech sector companies reduced staffing by a net 7&comma;000 positions in April&comma; analysis of U&period;S&period; Bureau of Labor Statistics &lpar;BLS&rpar; <a href&equals;"https&colon;&sol;&sol;www&period;bls&period;gov&sol;news&period;release&sol;empsit&period;nr0&period;htm">&num;JobsReport<&sol;a> data reveals&period; Hiring gains in the tech services sector were not enough to offset job losses in tech manufacturing&comma; telecommunications and cloud infrastructure&period;<&sol;p>&NewLine;<p>Across the economy&comma; tech occupation employment declined by an estimated 214&comma;000 positions&period; The unemployment rate for tech occupations experienced a corresponding increase&comma; rising to 3&period;5&percnt; from the previously reported rate of 3&period;1&percnt;&period;<&sol;p>&NewLine;<p>Job postings for technology positions declined modestly in April&comma; though employers added nearly 203&comma;000 new listings&period; In total&comma; there were almost 450&comma;000 active tech job postings last month&period; Software developers and engineers&comma; systems engineers and architects&comma; tech support specialists&comma; cybersecurity engineers and analysts and network engineers and architects were in high demand&period;<&sol;p>&NewLine;<p>Employer hiring for artificial intelligence &lpar;AI&rpar; positions or those that require AI-related skills continue to increase&period; New job postings for April stand at 55&comma;726&comma; an increase of 184&percnt; over the same month a year ago&comma; according to CompTIA analysis of Lightcast job posting data&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;It was not a great month of data&comma; but expected given the circumstances&comma;” said Tim Herbert&comma; chief research officer&comma; CompTIA&period; &OpenCurlyDoubleQuote;Employer tech job postings continue to hold up&comma; so a possible sign that hiring will resume as companies find their bearings&period;”<&sol;p>&NewLine;<p>Employers continue to pursue skills-based hiring strategies&period; About one-half of all April tech job postings did not specify a need for a four-year academic degree&period;<&sol;p>&NewLine;<p>On a geographic basis&comma; California led all states with 26&comma;280 tech jobs postings in April&comma; an increase of 1&comma;037 from March&period; Texas&comma; Virginia and New York followed with the most postings among states&comma; while Arizona&comma; West Virginia and Maryland had the biggest month over month increases on a percentage basis&period;<&sol;p>&NewLine;<p>Nine metropolitan areas each had more than 5&comma;000 tech job postings in April&comma; with New York City &lpar;12&comma;526&rpar;&comma; Washington&comma; D&period;C&period; &lpar;11&comma;945&rpar; and Dallas &lpar;9&comma;789&rpar; at the top of the list&period; Metro markets with double digit increases in job postings from March to April included San Francisco &lpar;&plus;14&percnt;&rpar;&comma; Phoenix &lpar;&plus;11&percnt;&rpar; and Trenton &lpar;&plus;16&percnt;&rpar;&period;<&sol;p>&NewLine;<p>The &OpenCurlyDoubleQuote;CompTIA Tech Jobs Report” is <a href&equals;"https&colon;&sol;&sol;www&period;comptia&period;org&sol;content&sol;tech-jobs-report">available here<&sol;a>&period;<&sol;p>&NewLine;

Editor

Syncere Scores $11 Million Pre-Seed Round

PALO ALTO -- SYNCERE, a home robotics startup, has scored $11 million in pre-seed funding…

5 days

Amazon Offers Members Food Delivery From Uber Eats

SEATTLE & SAN FRANCISCO -- Amazon is teaming up with Uber to offer food delivery…

5 days

Collective Lands $100 Million in Funding

SAN FRANCISCO — Collective, a financial operating system for solo businesses, has landed $100 million…

2 weeks

Serval Raises $150 Million Series C

SAN FRANCISCO -- Serval, an enterprise service management and automation platform, has raised a $150…

2 weeks

Siri AI Expands With Five More Languages

Apple's Siri AI is expanding to more people around the world, with availability now in…

2 weeks

Cisco to Modernize Network at Notre Dame

SAN JOSE and SOUTH BEND, IN — Cisco and Notre Dame Athletics announced a multi-year partnership…

2 weeks