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Technology Employment Expands its Presence in the Nation's WorkforceDOWNERS GROVE, Ill., March 26, 2019 /PRNewswire/ -- Tech-related employment across the United States increased by more than 260,000 jobs in 2018 and the tech sector raised its contribution to the nation's economy, according to Cyberstates 2019™, the definitive guide to national, state and metropolitan area tech sector and tech workforce analytics published annually by CompTIA, the leading technology industry association. Net tech employment grew by an estimated 260,865 jobs in 2018, a 2.3 percent increase over 2017.1 With 11.8 million workers across the country, net tech employment accounts for approximately 7.6 percent of the nation's workforce. Since 2010 the industry has added an estimated 1.9 million new jobs. The tech sector has an estimated direct economic impact of $1.8 trillion, or about 10 percent of the total U.S. economy, making it one of the largest industries in the economy. "Clearly the broad-based impact of the tech industry touches virtually every community, industry and market across the country, especially when you consider the tens of millions of knowledge workers who rely on technology to do their jobs," said Todd Thibodeaux, president and CEO, CompTIA. "Cyberstates confirms a healthy and promising future, but we can't take it for granted," Thibodeaux continued. "Industry, government and stakeholders across the tech landscape must continue to work together to ensure an environment where innovation can flourish and the opportunities and benefts made possible by technology are available to all." The outlook for future employment growth remains positive. Cyberstates projects the base of tech occupation employment – a subset of net tech employment – will grow to 8.6 million by 2026. Retirements will put even more pressure to meet the need for tech talent. "The findings attest to a tech labor market that will remain tight as employers balance short-term needs with an eye towards the future," said Tim Herbert, senior vice president for research and market intelligence at CompTIA. "As digital-human models begin to unfold, employers and employees alike will face new challenges – and opportunities, in shaping the workforce of tomorrow." More from Cyberstates
Cyberstates 2019 (#cyberstates) is based on CompTIA's analysis of data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Economic Analysis, EMSI, Burning Glass Technologies Labor Insights, and other sources. Estimates for 2018 are subject to change as government data is revised and updated. The full report, with complete national, state and metropolitan level data, is available at https://www.cyberstates.org/. About CompTIA Contact: Steven Ostrowski 1 Net tech employment includes tech company workers in technical and non-technical positions, technical workers in other industries and self-employed technology workers. View original content to download multimedia:http://www.prnewswire.com/news-releases/technology-employment-expands-its-presence-in-the-nations-workforce-300818588.html SOURCE CompTIA |