Like April before it, the month of May showed mixed results for tech employment in the Texas. Technology companies shed an estimated 4,725 jobs — a figure that includes nontechnical workers — in May, according to an analysis of the latest US Bureau of Labor Statistics (BLS) figures by IT industry group CompTIA.
Job postings for open technology positions also eased off, down to about 234,000 from April’s 300,000, according to a new report from CompTIA. At the same time, however, the number of technology jobs throughout the economy rose by 45,000, according to the report.
Those mixed results for the tech workforce reflect the unpredictability of the overall labor market. Texas employers added a stronger-than-expected 339,000 jobs in May, but the overall Texas unemployment rate rose by 0.3 percentage points to hit 3.7%, while the number of unemployed people rose by 440,000 to reach 6.1 million, according to BLS data released today.
Responding to the BLS data, global staffing firm ManpowerGroup also commented on the mixed results for tech pros: “Our data shows cooling in IT, with posted roles down 12% compared to last month.
Yet those let go are being quickly reabsorbed, often into midsize companies.” Indeed, while the national unemployment rate has ranged between 3.4% and 3.7% since March 2022, the unemployment rate for tech occupations has hovered near 2% throughout that time frame.
In fact, tech unemployment decreased slightly in May, from 2.1% to 2.0%, according to CompTIA’s analysis of the BLS data. “Reassuringly, the positives for the month outweigh the negatives, confirming the tech workforce remains on solid footing,” said Tim Herbert, chief research officer at CompTIA.
The most in-demand roles among tech job postings include software developers and engineers; IT project managers, data analysts, and other emerging tech roles; IT support specialists; systems analysts and engineers; and data scientists. Approximately 20% of job postings are in emerging tech fields or require emerging tech skills, including nearly 15,000 postings that mention AI skills, according to CompTIA.