Main image of article Tech Hiring Remains Strong Across Industries

Dice’s latest analysis of tech hiring shows that, despite some economic uncertainty, companies everywhere continue to need tech professionals for a variety of mission-critical tasks, from data science to building new software.

Tech unemployment dipped to 1.8 percent in July, according to the latest CompTIA analysis of U.S. Bureau of Labor Statistics (BLS) data—that’s the lowest rate since January, and yet another sign that employers everywhere need tech talent. Here’s an in-depth breakdown of tech hiring in various industries: 

Aerospace and Defense

  • The aerospace and defense industry continues to be a strong sourcer of tech talent, with prominent companies in the space consistently posting tech jobs.

  • Although overall hiring is down from 2022, there are signs it's beginning to tick upward again thanks to continued nationwide defense spending. 
  • The industry push for new technologies in navigation systems is propelling tech hiring, accounting for 64% of tech job postings in aerospace and defense. 

Finance

  • Overall, tech hiring in finance and banking is a mixed bag, with some sectors seeing modest to significant growth, even as others faced modest drops so far in 2023.
  • With increased focus on data privacy and fraud protection, competition is still fierce for tech professionals with artificial intelligence (A.I.) and machine learning (ML) experience. 
  • The collapse of Silicon Valley Bank (SVB) didn’t make a dent in tech hiring at banks; finance and banking at large continues to drive strong demand for tech talent — the fourth-highest of all industries during the January–June period.

Consulting

  • Consulting hiring numbers are promising from January to June, with double-digit gains in key sectors offset by minor decreases in others.
  • Large-scale layoffs in HR and recruiting have led to more demand for HR consulting firms, resulting in significant growth in this sector so far in 2023.
  • With environmental initiatives receiving billions in funding at the federal level, demand for tech professionals in environmental consulting services is high.

Education

  • Education is the only industry we’ve analyzed that has seen significant growth in tech hiring compared to 2021 (discounting 2022, which saw an all-time tech hiring high across the overall economy). 
  • Hiring numbers are up over January, and have held fairly consistent throughout 2023.
  • Despite increased college closures and mergers (and projected increases in closures), demand remains solid for tech talent across higher education.

Manufacturing

  • With manufacturing experiencing steady growth so far this year, tech talent demand has also kept at a consistent pace. 
  • Manufacturers have been increasing their digital investments and need tech professionals who can help with integrating emergent technologies. 
  • Manufacturing companies are increasingly leaning on a sizable amount of on-the-ground tech talent.