AT A GLANCE

  • In a recent report on the best jobs in the country by Glassdoor, 10 out of 25 jobs were in the technology sector
  • The BLS expects that employment in the technology industry will grow at a rate of 6.1% between 2010 and 2022
  • U.S. tech payroll totaled $654 billion in 2014, up by 0.6% from the year before

RELATED ARTICLES



Apr 01, 2015

Industry Highlight: Technology Index

Glassdoor, a career-focused website, recently released its report on the best jobs in the country for 2015. On this list of 25 jobs, 10 were in the technology sector. Through more than two decades, employment in technology has grown rapidly. The United States Bureau of Labor Services (BLS) expects that employment in the industry will grow at a rate of 6.1 percent between 2010 and 2022, compared to 2.9 percent for all industries.

A recent report from The Conference Board revealed that in January 2015, there were more than 5 vacancies advertised online for every 1 unemployed person in a technology occupation. Over the past year, the number of online ads for these jobs have increased by 12 percent, indicating increased demand.

Job Openings in Technology

Job Openings in Technology

Source: BLS

According to Glassdoor, the top technology jobs in the country include software engineers, database administrators, product managers, and data scientists. These jobs rate among the highest for earning potential, career opportunities, and number of job openings.

Top Technology Jobs

Top Technology Jobs

Source: Glassdoor

According to CompTIA, the technology services market experienced the largest increase in technology jobs in 2014, with employment totaling 6.5 million. California led for most employment with 1,087,800 tech workers employed, nearly twice as many as second-ranked Texas with 581,200 workers. New York ranked third with 346,500 workers, Florida fourth with 307,100 workers, followed by Massachusetts with 286,300 workers. 

Technology Employment, by Occupational Area

Technology Employment, by Occupational Area

Source: BLS

U.S. tech payroll totaled $654 billion in 2014, up by 0.6 percent from the year before. Within all tech sectors, the IT services sector had the largest payroll with $210 billion in 2014. U.S. technology industry workers earned an average annual wage of $100,400 last year, which is more than double the average annual private sector wage of $49,600. California offered the highest wages at an average of $139,500 annually.

“With a strengthening economy, more workers may press current or prospective employers for higher wages. Employers unable or unwilling to pay higher wages may interpret it as a talent shortage, when in fact, it’s a disconnect between what they want to pay and the going rate for the skills and expertise they seek.” ~Tim Herbert, Vice President of Research and Market Intelligence at CompTIA

Wages in the Technology Industry

Wages in the Technology Industry

Source: BLS

Technical positions remain in high demand, with CompTIA’s “IT Industry Outlook 2015” report revealing that approximately 68 percent of executives surveyed plan to face a challenging hiring environment this year for hiring technical staff members.

“Technology is no longer a backroom supporting function, but now a front and center strategic priority for many businesses.” ~Tim Herbert, Vice President of Research and Market Intelligence at CompTIA

A Snapshot of Technology Employment in the U.S.

 A Snapshot of Technology Employment in the U.S.

Source: BLS

“The U.S. tech industry continues to make significant contributions to our economy. The tech industry accounts for 7.1 percent of the overall U.S. GDP and 11.4 percent of the total private sector payroll. With annual average wages that are more than double that of the private sector [overall], we should be doing all we can to encourage the growth and vitality of our nation’s tech industry.” ~Todd Thibodeaux, President and CEO of CompTIA

Subscribe to our TrendLine Report

Subscription :

Thanks for Subscribing.You will get the monthly DCR TrendLine Reports.