Tech Employment Remains Flat Amidst Strong Demand for Talent but Low Supply
Job growth in the IT sector remained flat in May with employment up a mere 0.04% from April. On a year-over-year basis, IT employment was up 0.64% from May 2021, adding 34,500 jobs in the year’s period, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. The Engineering sector showed a year-over-year job growth rate of 3.96%, with the addition of 102,900 jobs over the course of the year.
“Demand for tech talent continues to remain strong as shown by the record low unemployment rate for technology professionals,” said Mark Roberts, CEO of TechServe Alliance. “In this tight labor market, hiring managers will have to be mindful of the expectations and demands of the tech workforce as we navigate through the complexities of work-from-anywhere culture in order to hire and retain employees, especially in the specialized tech roles.”