Cities That Have Dipped
The following tech hubs have seen a decline in job postings over the past year. However, salaries remain high in many of them.
Job-posting Change (y/y): -1 percent
2015 Salary: $118,243
Salary Change (y/y): 5.0 percent
A recent analysis of BLS data by Dice suggested that California had experienced a 3.42 percent increase in tech jobs. However, not all parts of any given state are created equal; and in Silicon Valley, the traditional center of California’s tech industry, the rate of job postings is down slightly year-over-year.
Does that mean Silicon Valley’s economic prospects are declining? Not at all. But with some major tech firms laying off workers, and startups needing to fight harder to lock down that sweet, sweet venture funding, one could argue that there’s no longer the extraordinary exuberance that helped launch and grow dozens of companies over the past few years.
Job-posting Change (y/y): -5 percent
2015 Salary: $95,579
Salary Change (y/y): 5.5 percent
Philadelphia claims a growing startup community, and the large companies that call it certainly home need techies, but the number of job postings by local firms has dropped over the past year.
New York, NY
Job-posting Change (y/y): -12 percent
2015 Salary: $106,263
Salary Change (y/y): 11.2 percent
New York City, a.k.a. “Silicon Alley,” is considered one of the nation’s two premier technology hubs, alongside Silicon Valley. Its combination of well-established tech companies and scrappy startups pull in professionals from across the country. Nonetheless, local job postings have dipped 12 percent year-over-year. Whether that’s a sign that a high cost of living is driving those pros to consider other cities is an open question.