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How Many Jobs Are Available in Technology?

In recent months, amidst widespread layoffs at multinational companies globally, the tech sector stands out as a beacon of stability, maintaining a low employment rate. CompTIA’s research, along with insights from the US Bureau of Labor Statistics (BLS), reveals a promising trend. Tech jobs, spanning various industries, have surged by an impressive 239,000 positions in the last month alone, addressing the critical question: “How Many Jobs Are Available in Technology?

Within the tech industry, employment has experienced a notable uptick, adding 12,700 workers and marking the 20th consecutive month of growth.

Notably, the tech sector has displayed remarkable resilience throughout 2024, boasting a staggering 55% year-over-year growth, equivalent to the creation of 143,400 jobs.

As we delve into the dynamics of this flourishing sector, let’s explore the factors contributing to this sustained growth and unveil the opportunities that continue to shape the technological landscape.

So, How Many Jobs Are Available in Technology?

In 2024, employer postings of tech jobs reached 484,000 in July.

Although this was a little less than June, it was still at record levels.

By July 2023, US companies have listed over 3.1 million tech positions with an increase of 49% from 2021.

The tech industry has seen a high increase in the trend of the Great Resignation.

With the ongoing global pandemic, workers have had the chance to rethink their career growth, work/life balance, working conditions, and long-term goals.

The trend showcases the deep dissatisfaction of hundreds of employees and this was felt in the tech industry with over 4 million people quitting their jobs in June 2021. 

According to a survey, some of the reasons for people quitting are: 

  • Employer treatment during the pandemic (19%)
  • Reduction in pay or lack of benefits (17%)
  • Lacking work-life balance (13%) 

Which Categories Have Recorded Job Growth in Technology?

If you are wondering ‘how many jobs are available in technology?’ Then you need to understand the categories involved. So far, three categories showcased recorded job growth in July 2023. They are: 

1. Other information services like search engines (6800+); 

2. Data processing, hosting, and related services (+4100); and 

3. Computer and electronic products manufacturing (+3300)

About 1 in 5 tech jobs in July were looking for people with less than 2 years of experience.

About half wanted 3-5 years’ experience, while 13% wanted candidates with more than 9 years’ experience.

Emerging Trends and Job Growth Percentages:

Industry Percentage growth
Data scientists 4.3%
Cyber security 4%
Software QA/Software Developers 3.9%
Computer and Information research scientists 3.5%
Web developers and digital interface engineers 2.6%
Emerging tech, IT project management, and others 2.1%
IT support specialists 1.7%

Employers in the tech industry are looking more at the job experience, skills, and personality traits of the candidates rather than college degrees.

This helps create a more diverse pool of candidates for companies to choose from.

Software developers and engineers are some in-demand positions with nearly 148,00 job postings in July 2023.

There is also a significant requirement for the following positions: 

  • IT support specialists
  • IT project managers 
  • Network engineers and architects 
  • System engineers and architects

Emerging technologies drive one-third of job postings in July, but a talent shortage prompts tech companies to explore alternative hiring methods like coding boot camps.

Cybersecurity faces recruitment challenges, with the “seller’s market” concept prevailing, exacerbated by the great resignation.

Factors like remote work, limited travel, and quality of life now outweigh salary, making it harder to attract high-salary-seeking employees.

In recent days the unemployment rate fell to a record low in May, and the employer job posting passed 443,000 as per data collated by CompTIA.

U.S. employers are intensifying their hunt for tech talent, with over 190,000 jobs projected for creation in 2024, as reported by Janco Associates.

The CompTIA report highlights key tech roles in demand, including software engineer, software developer, IT support specialist, IT project manager, network architect/engineer, and systems engineer/architect.

Which Tech Jobs Have Seen a Jump in Salary?

how many jobs are available in technology

According to a survey by O’Reilly Media, tech workers in the cloud space have seen some of the highest jumps in terms of salary.

As per the report, cloud-focused employees are some of the most sought-after talents.

The survey showed that cloud professionals receive a yearly salary of $182,000.

Due to the reshuffle of the technology sector, The average salary has increased by 4.3% in the last year.

Unfortunately, women still receive an 8% lower salary than men, based on the study.

Some of the highest-paying jobs in the tech industry are: 

  • Directors ($235,000)
  • Executives ($231,000)
  • Architects ($196,00) 
  • Leads ($190,000)
  • Managers ($188,000) 

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Conclusion

If you are a tech specialist or are starting your job journey in IT, then it is best to understand how many jobs are available in technology before jumping in.

With the recent trend of The Great Resignation, people are now looking for better opportunities, a better balance in work/life, and an overall better working environment.

So, look for opportunities in companies that suit you because hundreds of jobs are currently available in the market.

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Richard Smith

I am Richard Smith from the USA. I’m an Email Marketing Specialist. I have my own blogging site blogest.org. where people will get all Paid Campaigns and Email Marketing and blogging information. I like to encourage and motivate the new youth generation who want to learn Digital Marketing.

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