U.S. Tech Industry Employment Surpasses 6.7 Million Workers

CompTIA Releases Cyberstates 2016, Showing Employment Growth in 46 States in 2015

Mar 01, 2016, 09:31 ET from CompTIA

WASHINGTON, March 1, 2016 /PRNewswire-USNewswire/ -- The U.S. technology industry added nearly 200,000 net jobs in 2015 and now employs more than 6.7 million people, according to Cyberstates 2016: The Definitive State-by-State Analysis of the U.S. Tech Industry published by the Computing Technology Industry Association (CompTIA).

The new report released today shows 46 states had an overall net increase in tech industry jobs in 2015; and that the average tech industry wage was more than double that of the average private sector wage. A U.S. tech industry worker averages an annual wage of $105,400 compared to $51,600 for the average private 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 private sector payroll," said Todd Thibodeaux, president and CEO, CompTIA. "The tremendous level of ongoing innovation in the industry, making technology more affordable and accessible to more users, has us encouraged about growth prospects for 2016 and beyond."

Growth was once again led by the IT services sector which added more than 105,000 jobs between 2014 and 2015.

"Much of this growth can be attributed to the current trends in cloud computing, mobility, automation and social technologies that are reshaping businesses large and small," said Tim Herbert, senior vice president, research and market intelligence, CompTIA. "Momentum behind the Internet of Things (IoT) continues to grow, while the critical importance of cybersecurity shows no 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), and Florida (+11,400). The states with the highest concentration of tech workers were Massachusetts (9.8% of private sector employment), Virginia (9.5%), Colorado (9.0%), Maryland (8.6%), and California (8.2%). The largest states by tech industry employment continued to be California, Texas, and New York.

Cyberstates represents a comprehensive look at tech employment, wages, and other key economic factors nationally and state-by-state, covering all 50 states and the District of Columbia. Now in its 17th edition, Cyberstates 2016 relies primarily on data from the U.S. Bureau of Labor Statistics. The report provides 2015 national and state-by-state data on tech employment, wages, establishments, payroll, wage differential, employment concentration, economic output, and job openings. All data are the most recent available at the time of 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 $708 billion 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 industry

U.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 http://www.cyberstates.org/

For a video recap of the report, visit https://www.youtube.com/watch?v=1PxscUM5nTg&feature=youtu.be.

About CompTIA
The Computing Technology Industry Association (CompTIA) is a non-profit trade association serving as the voice of the technology industry. With approximately 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 educational programs, market research, networking events, professional certifications and public policy advocacy. To learn more, visit CompTIA online, Facebook, LinkedIn and Twitter.

About CompTIA Advocacy
Through its advocacy arm, CompTIA champions member-driven business and IT priorities that impact all information technology companies – from small managed solutions providers and software developers to large equipment manufacturers and communications service providers. CompTIA gives eyes, ears and a voice to technology companies, informing them of policy developments – and providing the means to do something about it. 

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SOURCE CompTIA



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