The US unemployment rate remained at 3.8% in September, but the market added 336,000 jobs, far surpassing analyst expectations, according to today’s Bureau of Labor Statistics numbers.
Tech employment, however, was a laggard in the generally upbeat US employment report released today, according to analysis by the nonprofit trade association CompTIA. Key metrics of tech hiring activity all slipped in September, its report showed.
Tech jobs among all sectors across the economy fell by an estimated 20,000. The technology sector unemployment rate ticked up from 2.1% in August to 2.2% in September, but it remains well below the national rate of 3.8%, according to CompTIA.[ Keep up on the latest thought leadership, insights, how-to, and analysis on IT through Computerworld’s newsletters. ]
Tech salaries also appeared to be on a downslope, according to an analysis by job matching site Hired, which notes that US inflation-adjusted salaries have plummeted to a five-year low.
Meanwhile, tech sector companies reduced staffing by a net 2,632 positions last month, according to CompTIA’s analysis of BLS data.
Employer job postings for future tech hiring also fell to 184,077 in September, down from nearly 208,000 in August. (Future tech hiring is defined by CompTIA as expected open requisitions.)
“Demand for software positions continues to drive the largest volume of hiring activity. In the aggregate, volumes are equally large in positions spanning IT project management, IT support, data analytics, and systems/cloud infrastructure,” CompTIA’s report stated.