The US IT business has seen sturdy job progress to this point in 2021, in response to revised figures from the US Bureal of Labor Statistics (BLS) as reported in the newest figures from IT employment consultancy Janco Associates.
The BLS has adjusted its figures on job progress for all of 2021, bringing the whole hires to 69,000 IT staffers by way of June. The company had beforehand reported 47,700 jobs by way of Might, a determine now revised upward to 57,100. June noticed an addirtional 11,900 hires, and it is attainable the BLS might revise its figures once more in future reviews.
Janco additionally confirmed beforehand reported preliminary information on US IT salaries from its personal surveys. As the roles market stays regular in its post-COVID restoration, IT salaries have began to extend as organizations wrestle to fill some positions.
That wage survey reveals that IT execs in massive enterprises are getting the most important wage boosts, with a median improve of three.2%. These in midsize enterprises are seeing median rises of 1.2%. For lower-level positions, IT execs do higher at midsize enterprises than at massive ones: Center managers at massive enterprises are seeing 0.6% boosts, whereas these at medium-sized corporations are seeing 1.3% will increase.
IT staffers are seeing the least enchancment — an ongoing phenomemon throughout all firm sizes, wherein IT execs proceed to be rewarded extra. Staffers at massive enterprises are realizing 0.4% positive factors; these at midsize enterprises are seeing 0.7% positive factors.
At its worst, greater than 100,000 IT jobs have been misplaced in the course of the depths of the pandemic in spring 2020, although two-thirds of these got here again because the 12 months progressed. Nonetheless, 2020 ended with 33,200 fewer IT jobs within the US in comparison with 2019. With the 69,000 estimated job positive factors to this point in 2021, the US IT job market on the finish of June is at 16,700 forward of the 2020 peak in February — and almost 140,000 jobs forward of the 2020 nadir in July.
There are greater than 3.6 million IT professional jobs within the US, Janco estimates.
The month-to-month tech jobs report launched by the CompTIA business affiliation calculated that there have been 10,500 new US tech sector jobs in June, following positive factors in every earlier month of 2021. The US tech sector’s job numbers have now basically matched their March 2020 peak of 4.76 million positions, in response to the CompTIA information.
CompTIA calculates each technical and nontechnical positions at tech distributors, with roughly 44% being technical and 56% being nontechnical, whereas Janco seems to be at IT positions, together with software program builders, in all industries.
CompTIA’s information does present a softening of hiring, with small reductions in job postings in a number of roles, akin to for software program builders and techniques analysts, in addition to in a number of cities, together with Washington, D.C., Atlanta, and San Francisco. In contrast, postings grew for positions in San Jose, Calif. The information present extra variability, indicating maybe some settling of hiring actions.
CompTIA calculated the estimated unemployment charge for the tech sector as 2.2% in June, down from 2.4% in Might. The present tech unemployment charge is approaching its 2018-19 lows, the place it ranged from 1.2% to 2.4%.