Tyler B.’s Post

View profile for Tyler B., graphic

Security Engineer at Critical Start

(Part 2) So yesterday we looked at a press release CompTIA released talking about employment increases for December. We discovered that there was a gain of ~13,000 new jobs, but a decrease of about 79,000 listed positions. A lot of my follower count are interested in #cyber and #IT roles. What's the outlook like for them? Before diving into the actual data for their monthly report, it's worth to note that, when sourcing their claims, CompTIA states that labor market data from the DLS and job posting data they receive from Lightcast are subject to backward revisions, and that DLS data experiences higher levels of variance/volatility. You can take a look at the published data here: https://lnkd.in/e6xzryWX Here's some quick insights: - Tech employment skyrocketed by ~300,000 positions between December 2021 and October 2022, where it has since remained in flux between ~5.575M and ~5.5M. - December's tech employment is at ~5.57M. It's worth noting, though, that November and December data is projected, and not yet confirmed. It could be higher or lower, and this data is also seasonally adjusted. Tech Occupation Employment, which is not seasonally adjusted, paints a more bleak picture. Occupational employment Peaked at about 6.7M in October, then sharply decreased in November and December to about 6.5M. Not such a pretty picture, right? Depends on what you're looking for. A lot of people don't really know the difference between seasonally adj. and non-seasonally adj. data. Basically, seasonally adjusted data is used when comparing months more closely, and non-seasonal data is for a broad, annual picture. So, then, what's the situation for our IT people? Well, the data doesn't make it very clear at all. The only thing we can really see is job posting activity for our IT people, where there was a decrease of 2,700 listed jobs. Remote jobs also took a dive, which I think a lot of people already knew. IT Support Specialists suffered a loss of 516 remote postings, while Cyber Analysts and Engineers lost 564 remote postings. What are your takeaways from this? To me, it seems like the market is doing about as well as it has been doing for the past year, which is a much better picture with just the couple numbers presented yesterday. Tech unemployment did increase, but it's constantly in flux. I would be willing to bet these coincide with major layoffs, though. Dice reports 55 companies laying off 7,159 people for December, but this data comes from layoffs.fyi, which is crowdsourced, so it could be inaccurate. I don't think that alone makes up for the increase, but this post is already long enough. What would you like to see next?

CompTIA Tech Jobs Report | Monthly Jobs Report Analysis

CompTIA Tech Jobs Report | Monthly Jobs Report Analysis

comptia.org

Tyler B.

Security Engineer at Critical Start

9mo

This was a pretty interesting analysis. Right now, my take is that things are actually going pretty well in tech, all things considered. Total employment is hanging around it's peak from October '22. This topic can go in a bunch of different directions, I'd love to hear where you would like to hear things go next!

To view or add a comment, sign in

Explore topics