Tech hiring grows in August, but unemployment rises

Dive Brief:

• Companies in the economy are added. 21,000 technology workers According to their payment in August CompTIA review The U.S. Bureau of Labor Statistics data was published Friday.
• Although they are partially out of work in the technology sector. this yeartechnology companies arose 25,500 New employees in August. The industry has expanded by 175,700 jobs by 2022up 46% last year.
• In August, the unemployment rate for technology occupations was 2.3%, from 1.7% last month. According to CompTIA, the shift follows the trend of the national unemployment rate, which rose to 3.7% in August from 3.5% in July.

Dive Insight:

Demand for technology has not abated despite slow growth in major tech companies. Microsoft, Google and Oracle have stopped laying off or hiring this year amid tough macroeconomic conditions.

In the year In 2022, the stability of technology employment is the main theme, he said Tim Herbert, Chief Research Officer at CompTIA. “Despite all the economic noise and pockets of discounting, overall tech hiring remains consistently positive,” Herbert said in a statement.

One area where numbers show a slowdown is in job postings. Companies posted just under 320,000 tech jobs in August, down from 484,000 in July.

Still, as more businesses rely on technology for operations, overall, technology jobs will increase by 45 percent in the first half of 2022. According to Dice Tech’s job report. Compared to the same period last year, it showed a growth of 52 percent.