Tech sector employment growing at national and local levels
February 13, 2015
The recent economic upswing has boosted employment opportunities across a variety of sectors. While the economies in Japan and Russia have struggled amid the ongoing decline of crude oil prices, American companies have been resilient. Meanwhile, the vast majority of economists and traders project the U.S. economy to sustain its financial vitality over the course of 2015.
Few sectors have been a greater beneficiary or contributor to the economy’s strength than the IT field. The proliferation of cloud computing and the continuing threat of data breaches have also boosted the job market in the industry. The emergence of the sector, which is on the rise and showing no signs of slowing down, can be felt at both the national and regional levels.
Tech industry records positive growth figures in 2014
The tech sector in the U.S. added approximately 129,600 more jobs in 2014 than it did in 2013, according to Staffing Industry Analysts. With a total of 6.5 million jobs, the industry now accumulates 5.7 percent of the private sector workforce. The IT services branch of the sector led the way by adding 63,300 jobs between 2013 and 2014.
“The U.S. tech industry continues to make significant contributions to our economy,” Todd Thibodeaux, president and CEO of CompTIA, told the news outlet. “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 the 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.”
The news outlet also broke down tech jobs by state. California is well ahead of any other state with 1.1 million employed tech workers. After that is Texas with 581,200 employed, New York at 346,500, Florida with 307,100 and Massachusetts with 286,300.
Philadelphia draws more and more tech workers
Newsworks reported that Philadelphia is gradually increasing its base of IT staffers. The publication noted that while suburbs continue to serve as the city’s main hub of tech work, the inner city is quickly becoming a bigger part of the local tech scene.
“You know, for some of these tech workers, it isn’t appealing for them to work in some commodity office park outside King of Prussia,” researcher Ian Anderson told the publication. “They want the exposed brick, the urban cool feel of working downtown or off of 13th Street or Third Street in Old City and Northern Liberties.”