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

Intuit Signs $100 Million Deal With OpenAI

MOUNTAIN VIEW - Intuit Inc., operator of the financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks,…

10 hours

Heavily Armed Drug Dealer Arrested Next to Sunnyvale School

The Santa Clara County District Attorney’s Office has charged a Sunnyvale apartment manager with possessing…

10 hours

Wispr Scores $25 Million Series A Extension

SAN FRANCISCO -- Wispr, the voice-to-text AI that turns speech into clear, polished writing in every…

2 days

Numeric Dials Up $51 Million Series B

SAN FRANCISCO -- Numeric, an AI accounting automation platform, has raised a $51 million Series…

2 days

Apple Names 45 Finalists for App Store of the Year Awards

Apple has announced 45 finalists for this year’s App Store Awards, recognizing the best apps…

3 days

UC Reaches Agreement With Nurses, Strike Canceled

The University of California (UC) and the California Nurses Association (CNA) have reached a tentative…

5 days