December 5, 2022
According to a CompTIA review of U.S. Bureau of Labor Statistics data, the US technology industry added 137,000 technology jobs in November, despite the massive layoffs being dished out daily by some tech giants, and the aggressive Federal Reserve action to cool the economy and bring down decades-high inflation.
According to the Labor Department, the unemployment rate remained stable at 3.7%. The department also revealed the most recent monthly jobs snapshot, with the unemployment rate in technology positions falling to 2%, down from 2.2% in October. This decrease occurred despite the fact that the overall unemployment rate remained unchanged at 3.7%, as it did last month.
According to CompTIA’s analysis of the US Bureau of Labor Statistics’ #JobsReport, tech firms added 14,400 workers last month. This year, employment in the technology sector has increased by 207,200.
November hiring by technology firms was diverse across occupation categories, with IT services and custom software development leading the way with 8,100 jobs. Data processing, hosting, and related services with 4,100 jobs, other information services, including search engines with 2,100 jobs, and computer and electronic products manufacturing with 1,900 jobs.
The sources for this piece include an article in CIODive.
