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Tech-sector employment falls by 11,184 jobs in February: CompTIA

March 13, 2023

Tech-sector employment fell by 11,184 positions in February, according to CompTIA's analysis of the US Bureau of Labor Statistics job report data.

The analysis noted that tech manufacturing added a net new 2,800 jobs, the fifth consecutive month of positive gains. However, all other tech subsectors experienced net employment losses for the month. As a percentage of the tech sector’s total base of employment, the losses represent a fraction of one percent, 0.2%.

“As expected, the lag in labor market data means prior layoffs announcements are now appearing in BLS reporting,” said Tim Herbert, chief research officer of CompTIA. “Context is critical. The recent pullback represents a relatively small fraction of the massive tech workforce. The long-term outlook remains unchanged, with demand for tech talent powering employment gains across the economy.”

CompTIA also found employer job postings for tech positions declined by about 40,000 to just over 229,000 in February. Most metropolitan markets experienced fallbacks from January to February, with a few exceptions. However, Seattle saw job postings increase by just over 10% to nearly 4,100 for the month.

Among industries, the largest number of job postings for tech positions occurred in the professional, scientific and tech services industry sectors.