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techsuch May 9, 2021 0 Comments

US Tech Industry Employment Surpasses 67 Million WorkersCompTIA Releases Cyberstates 2016, Showing Employment Growth in 46 States in2015The U.S. technology industry added nearly 200,000 net jobs in 2015 and nowemploys more than 6.7 million people, according to Cyberstates 2016: TheDefinitive State-by-State Analysis of the U.S. Tech Industry published by theComputing Technology Industry Association (CompTIA).The new report released today shows 46 states had an overall net increase intech industry jobs in 2015; and that the average tech industry wage was morethan double that of the average private sector wage. A U.S. tech industryworker averages an annual wage of $105,400 compared to $51,600 for the averageprivate sector wage.“The U.S. tech industry is a major driving force in the overall economy,accounting for 7.1 percent of overall GDP and 11.6 percent of total privatesector payroll,” said Todd Thibodeaux, president and CEO, CompTIA. “Thetremendous level of ongoing innovation in the industry, making technology moreaffordable and accessible to more users, has us encouraged about growthprospects for 2016 and beyond.”Growth was once again led by the IT services sector which added more than105,000 jobs between 2014 and 2015.“Much of this growth can be attributed to the current trends in cloudcomputing, mobility, automation and social technologies that are reshapingbusinesses large and small,” said Tim Herbert, senior vice president, researchand market intelligence, CompTIA. “Momentum behind the Internet of Things(IoT) continues to grow, while the critical importance of cybersecurity showsno signs of abating.”At the state level, the largest jobs gains were recorded in California(+59,500), New York (+15,500), Texas (+13,800), Massachusetts (+11,700), andFlorida (+11,400). The states with the highest concentration of tech workerswere Massachusetts (9.8% of private sector employment), Virginia (9.5%),Colorado (9.0%), Maryland (8.6%), and California (8.2%). The largest states bytech industry employment continued to be California, Texas, and New York.Cyberstates represents a comprehensive look at tech employment, wages, andother key economic factors nationally and state-by-state, covering all 50states and the District of Columbia. Now in its 17th edition, Cyberstates 2016relies primarily on data from the U.S. Bureau of Labor Statistics. The reportprovides 2015 national and state-by-state data on tech employment, wages,establishments, payroll, wage differential, employment concentration, economicoutput, and job openings. All data are the most recent available at the timeof production. The BLS data is preliminary and subject to revision.Key National Findings from Cyberstates 2015 * 6.7 million U.S. tech industry workers in 2015 * 198,200 net jobs added between 2014 and 2015 * Tech firms employed 5.7 percent of private sector workers in 2014 * Tech industry workers earned an average wage of $105,400, 104 percent more than the U.S. average private sector wage * A tech industry payroll of $708B in 2014, accounting for over 11.6 percent of all U.S. private sector payroll * 473,460 tech establishments in 2015 * 938,500 tech occupational job openings in Q4 2015 * 7.1 percent of the U.S. GDP is from the tech industryU.S. Tech Industry Employment — |2014|2015|Percent Change|Numeric Change Tech Manufacturing|1,134,700|1,138,400|0.33%|+3,700 Telecommunications and Internet Services|1,289,000|1,324,700|2.77%|+35,700 Software Products|310,900|316,200|1.69%|+5,300 IT Services|2,129,100|2,234,500|4.95%|+105,400 R&D, Testing, and Engineering Services|1,659,000|1,707,100|2.89%|+48,100 Total Tech|6,522,700|6,720,900|3.04%|+198,200 The full report and state level data is available at a video recap of the report, visit CompTIA The Computing Technology Industry Association (CompTIA) is a non-profit tradeassociation serving as the voice of the technology industry. Withapproximately 2,000 member companies, 3,000 academic and training partners,70,000 registered users and more than two million IT certifications issued,CompTIA is dedicated to advancing industry growth through educationalprograms, market research, networking events, professional certifications andpublic policy advocacy. To learn more, visit CompTIA online, Facebook,LinkedInand Twitter.About CompTIA Advocacy Through its advocacy arm, CompTIA champions member-driven business and ITpriorities that impact all information technology companies – from smallmanaged solutions providers and software developers to large equipmentmanufacturers and communications service providers. CompTIA gives eyes, earsand a voice to technology companies, informing them of policy developments –and providing the means to do something about it.

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