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Tech Employment Remains Steady Despite Strong Demand For Talent

Tech Employment Remains Steady Despite Strong Demand For Talent

Some encouraging news from TechServe Alliance demonstrates how tech employment remains steady despite strong demand for talent coupled with a low supply. From 2021, IT employment rose 0.64% this May. Additionally, the job growth rate in the engineering sector expanded to 3.96%.

According to Mark Roberts, CEO of TechServe Alliance, “Demand for tech talent continues to remain strong, as shown by the record low unemployment rate for technology professionals. In this tight labor market, hiring managers must be mindful of the expectations and demands of the tech workforce as we navigate through the complexities of work-from-anywhere culture to hire and retain employees, especially in the specialized tech roles.”

Why we’re seeing tech employment remains steady despite strong demand for talent:

May statistics by TechServe Alliance demonstrated 5,409,300 jobs, with a .04% increase from April and 0.64% from May 2022. You can take a look at the breakdown for different areas in the IT industry:

  • Computer Systems and Design Services: + 0.5%
  • Management and technical consulting services: +0.4%
  • Data Processing, Hosting, and Related Services: +1.3%

You can also stay up-to-date on relevant news to the technology industry through the APC Blog. We feature articles that spotlight thought-leadership topics that provide information and tips for Hiring Managers and professionals and top technology news.

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