Tech Unemployment Dips (Again)

The technology industry’s unemployment rate dipped again in the second quarter of 2015, to 2.1 percent, according to new data from the U.S. Bureau of Labor Statistics (BLS). That’s a slight decline from the 2.3 percent posted in the first quarter of the year, and compares favorably to the overall U.S. labor market, where the unemployment rate stood at 5.5 percent in the second quarter.

Preliminary BLS data suggests that total average layoffs and discharges for April and May (the latest months for which numbers are available) were 441,500 employees per month. That’s a small but notable increase from the first quarter. At the same time, nearly half a million employees per month voluntarily left their jobs, indicating a widespread confidence in the healthiness of the job market. For employers seeking to hire top talent, that confidence—combined with that unemployment rate—could translate into a need to offer more perks and higher salaries in order to attract tech pros with the right combination of experience and skills.

The full report can be found below:

Tech Snapshot Final

 

PDF version: 2015-Q2 Tech Trends Report

Image Credit: Shutterstock

Comments

One Response to “Tech Unemployment Dips (Again)”

August 06, 2015 at 9:28 am, realist said:

So this means we need more H1B visas, putting even more techies out of work.

Dice advocating for more unemployment in tech, for US Citizens.

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