: Tech jobs gain despite wave of layoff announcements, but warning signs abound

by | Dec 2, 2022 | Stock Market

The tech industry continued to add jobs despite the tens of thousands of layoffs that were announced in November, though tech job postings continued a downward slide, according to an analysis of U.S. employment numbers released Friday. U.S. tech companies actually added 14,400 workers in November, according to the Computing Technology Industry Association, or CompTIA, capping two straight years of monthly job growth in the tech sector. In addition, the group said tech jobs in all sectors grew by 137,000 positions, and that the unemployment rate for tech workers fell to 2% from 2.2% in October. CompTIA’s analysis is based on the Bureau of Labor Statistics’ monthly jobs data, as well as hiring data from Lightcast.

While those numbers belie a downturn for tech, the report from CompTIA — which calls itself “a leading voice and advocate” for the tech industry — also showed reason for concern about hiring moving forward. Job postings for future tech hiring fell in November — though they totaled almost 270,000 — continuing a drop in tech job postings every month since April. See: U.S. adds 263,000 jobs in November and wages rise sharply — far too much for the Fed’s liking Many of the recently ann …

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