The U.S. technology unemployment rate fell to 2.5% in September from 3.4% in August, the largest month-over-month decline for the technology industry in four years.
The new numbers were revealed in the latest monthly jobs report from the U.S. Bureau of Labor Statistics (BLS), which found that employment across the technology industry increased by 8,583 net new jobs in September.
According to the Information Technology Agency, technology job growth was primarily in cloud infrastructure, data processing and hosting, and technology services and custom software development, according to a CompTIA analysis of technology sector employment data from the September BLS report. It has been found that this is being done in the field of (IT) Certification and Training Group.
According to CompTIA, the BLS report added 118,000 new technology jobs and lowered the technology unemployment rate to 2.5%, well below the national unemployment rate.
While the latest jobs numbers are good news for the overall economy, “risks still remain,” MJ Shoer, CompTIA’s chief community officer, told ChannelE2E. “The upcoming elections and global conflicts are likely to have a significant impact on positive coverage over the next 30 days and beyond. Overall, this is a positive report as it relates to the technology sector. I think it’s safe to say that this reflects the underlying optimism in our economy.”
For MSPs, the number of new BLS technicians hired could also be a positive, but it depends, Schorr said.
“Yes, because this shows a fundamental confidence to move forward with hiring engineers,” he said. “No, because the demand for skilled workers will increase in an already tight labor sector. MSPs will need to get creative in how they find and hire the right candidates.”
Overall, CompTIA believes there is a tremendous opportunity for MSPs based on the latest BLS job data, Schorr said. “Organizations cannot fill all open positions, so there is a continuing opportunity to supplement their internal staff with external IT teams. This remains one of the most active opportunities for MSPs, as it has been historically.
Other impressive possibilities of the BLS jobs report
Schorr said the strong September BLS jobs report could mean companies are ramping up or restarting growth-oriented projects, based on past trends. . “Companies waiting for some economic clarity may feel more confident about investing in the future,” he said. “For MSPs, this could be an opportunity to win new business or strengthen business with existing customers.”
According to CompTIA’s research, executives “continue to focus passionately on ROI and expect maximum value from their technology investments while avoiding projects with uncertain outcomes,” Schorr said. “MSPs that can best align their services with value creation will be best positioned to take advantage of current momentum.”
CompTIA also reported that employer job openings for future technology talent increased for the second consecutive month, with more than 516,000 active job openings, including 225,000 new jobs added in September. I reported it. The largest increase in job openings was 14% for technical support specialists and database administrators.
