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Tech unemployment rate at 20-year low: CompTIA

June 10, 2019

CompTIA reported the unemployment rate for technology occupations in the US fell to a 20-year low of 1.3% in May based on an analysis of the US Bureau of Labor Statistics’ Employment Situation report released last Friday.

However, the IT industry organization noted growth was modest compared to previous months.

“The data confirms what employers have been saying for months and even years – the demand for tech talent has reached historic levels,” said Tim Herbert, executive VP for research and market intelligence at CompTIA.

“There is now the very real prospect of tech worker shortages affecting industry growth,” Herbert said. “Firms seeking to expand into new areas such as the Internet of Things, robotic process automation or artificial intelligence may be inhibited by a lack of workers with these advanced skills, not to mention shortages in the complementary areas of technology infrastructure and cybersecurity.”

IT occupations across the US rose by an estimated 133,000 jobs. The fastest growth was in “technology services, custom software development and computer systems design” which added 8,400 new hires.

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