IT sector continues to provide more employment opportunities
March 3, 2015
The tech industry has played a key role in the recent upswing of the U.S. economy. And as more digital strategies for the workplace such as cloud computing or BYOD gradually emerge, the value and opportunities of the IT manager will continue to grow.
U.S. tech industry accumulates 6.5 million jobs in 2014
A new report by CompTIA, an IT trade association, found that the U.S. tech industry added approximately 129,600 jobs between 2013 and 2014, marking a total of 6.5 million tech jobs in the U.S. last year.
The tech industry comprises 5.7 percent of the private sector workforce and the industry’s growth rate at 2 percent year-over-year mirrored that of the private sector. The IT services sector led the way by adding 63,300 jobs during the time period, while research and development, testing and engineering services followed with 50,700 new jobs of their own.
At the state level, California topped all others with 32,900 new jobs. Texas added 20,100, Florida compiled 12,500 and Massachusetts gained 8,700 new tech jobs.
“The U.S. tech industry continues to make significant contributions to our economy,” said Todd Thibodeaux, the president and CEO of CompTIA. “The tech industry accounts for 7.1 percent of the overall U.S. [gross domestic product] and 11.4 percent of the total U.S. private sector payroll. With annual average wages that are more than double that of the private sector, we should be doing all we can to encourage the growth and vitality of our nation’s tech industry.”
Washington state epitomizes IT’s ascent
The Puget Sound Business Journal reported that Washington state has 90,000 science, technology and engineering workers, and these tech workers earn a median salary between $100,000 and $140,000 per year. A study by the Washington Technology Industry Association asserts that tech companies in the state draw $37 billion in revenue. Meanwhile, the industry itself has a market value of $600 billion.
“Almost all of the jobs that are being created in this economy require a degree in a STEM field [science, technology, engineering and math],” Michael Schutzler, the CEO of the Washington Technology Industry Association, told the publication. “So our argument is if you have to prioritize where you spend the money, the most logical place to invest is integrating computer science into the high school curriculum so that kids coming out of high school are prepared to enter that field.”