High Tech Industry Job Creation Engine Powers Into 2016

 
 
By Don Reisinger  |  Posted 2016-03-02 Print this article Print
 
 
 
 
 
 
 
 
 
  • Previous
    High Tech Industry Job Creation Engine Powers Into 2016
    Next

    High Tech Industry Job Creation Engine Powers Into 2016

    Here's a look back at what the technology industry's job market looked like in 2015 and why 2016 will be yet another banner year for high tech hiring.
  • Previous
    The Total Number of Tech Workers Is Growing
    Next

    The Total Number of Tech Workers Is Growing

    The U.S. tech industry is growing. According to CompTIA's data, more than 6.7 million people worked in the technology industry in 2015, up from 6.5 million in 2014. In total, the U.S. technology industry added 198,200 net new jobs, helping it make up 5.7 percent of the U.S. private sector workforce last year.
  • Previous
    Technology Contributes a Significant Share of U.S. GDP
    Next

    Technology Contributes a Significant Share of U.S. GDP

    The combination of jobs and lofty compensation packages has helped the technology industry contribute greatly to the U.S. economy. The data shows that the technology industry makes up 7.1 percent of the overall GDP in the U.S. What's more, CompTIA found that the industry accounted for nearly 12 percent of the total compensation all workers collected across the private sector.
  • Previous
    Where Tech Hiring Is Growing the Most
    Next

    Where Tech Hiring Is Growing the Most

    As noted, the technology industry's job numbers were up in 2015. But CompTIA dug deeper to determine from where that growth was coming. The company found that the IT services sector added 105,400 net new jobs in 2015, easily topping all other segments. Engineering services and testing saw employment rise by more than 48,000 jobs, and the telecommunications segment was up by nearly 36,000 jobs. Tech manufacturing had the smallest employment growth, climbing by just 3,700 people.
  • Previous
    It Pays to Work in Technology
    Next

    It Pays to Work in Technology

    Those looking to have a lucrative career should look into the technology industry. The average person working in high tech in the U.S. made $105,400 in 2015, up 1.2 percent compared with 2014. In total, technology companies paid out $708 billion last year to employees, a 4.3 percent year-over-year increase. The IT services sector had the highest total payroll, reaching $232.1 billion last year.
  • Previous
    An Eye on the Most Lucrative Occupations
    Next

    An Eye on the Most Lucrative Occupations

    According to CompTIA, those who work in the software industry make an average of $142,500 annually, topping manufacturing workers, who make $108,100 per year. The telecommunications segment was the least lucrative, but still impressive with an average employee salary of $99,200. But wages in the telecom industry are rising faster than any other sector.
  • Previous
    Employers Are Seeking Qualified Candidates
    Next

    Employers Are Seeking Qualified Candidates

    Employers may have added employees to their payroll, but that hasn't slowed their hunt. CompTIA found that technology-related job openings reached 938,500 in the fourth quarter, a 29.4 percent gain compared with the fourth quarter of 2014. Software developers, computer support specialists and systems analysts are all in high demand.
  • Previous
    The Number of Employers Is Also on the Rise
    Next

    The Number of Employers Is Also on the Rise

    More companies are starting up, which is helping to fuel the number of technology-related job openings. In the past year, 473,500 technology companies opened their doors, providing new jobs to technologists. The data suggests that employees are finding new job opportunities and entrepreneurial spirit is alive and well in the technology industry.
  • Previous
    The Other Side: Unemployment Numbers
    Next

    The Other Side: Unemployment Numbers

    Despite the strong tech job growth, unemployment is still a concern for some. But it's a lot better than it was a few years ago across the U.S. job market. In the high tech world, unemployment is downright miniscule. Based on CompTIA's data, the entire U.S. job market ended 2015 with a 5.3 percent unemployment rate. Unemployment in the technology industry, however, was just 2.6 percent at the end of the year.
  • Previous
    The Most Technologically Minded States
    Next

    The Most Technologically Minded States

    CompTIA evaluated the spread of technology jobs across the country, and where those opportunities seem to be going. The company found that California had the "largest job gains" last year, growing its number of technology workers by 59,500 people. New York was a distant second, growing its technology workforce by 15,500 people. The high tech workforce in Texas, Massachusetts and Florida grew by more than 10,000 people.
  • Previous
    So, What's Driving All of This Success?
    Next

    So, What's Driving All of This Success?

    The technology industry's continuing success may be attributed to several things, including broad economic trends. But CompTIA Senior Vice President Tim Herbert says that "much" of its growth is due to "cloud computing, mobility, automation and social technologies … reshaping businesses large and small." He added that the Internet of things and the growing importance of cyber-security will also help the industry's job market in the coming years.
 

The U.S. technology industry continues to be a powerful job creation engine, according to the latest data from the Computing Technology Industry Association (CompTIA). The organization, which issued its U.S. technology employment report on March 1, said that the U.S. technology industry added hundreds of thousands of new jobs in 2015 and now employs nearly 7 million people. Meanwhile, the industry continues to be a major driver for the American economy, and high tech employees across multiple disciplines are seeing their compensation packages soar. The technology job market might be the strongest it's ever been, thanks in no small part to the growing importance of the cloud and mobile technology. There is also the realization among companies worldwide that skilled cyber-security professionals are extremely valuable and hard to find. This slide show covers what the technology industry's job market looked like in 2015 and why that provides strong evidence that 2016 will be yet another banner year for high tech hiring. Read on to learn more.

 
 
 
 
 
Don Reisinger is a freelance technology columnist. He started writing about technology for Ziff-Davis' Gearlog.com. Since then, he has written extremely popular columns for CNET.com, Computerworld, InformationWeek, and others. He has appeared numerous times on national television to share his expertise with viewers. You can follow his every move at http://twitter.com/donreisinger.
 
 
 
 
 
 

Submit a Comment

Loading Comments...
 
Manage your Newsletters: Login   Register My Newsletters























 
 
 
 
 
 
 
 
 
Rocket Fuel