October’s Tech Unemployment: 2.8 Percent

The U.S. unemployment rate dipped to 5.0 percent in October, lower than analysts’ expectations. In the tech sector, the unemployment rate remained unchanged from September, at 2.8 percent; that’s an improvement over October 2014, when the rate stood at 3.0 percent.

Among technology job categories, consulting added 9,900 positions last month, ahead of computer and electronic product manufacturing (which added 1,200 jobs) and data processing, hosting, and related services, which lost 200 jobs.

Although any uptick in manufacturing jobs is ostensibly a good sign, given weakening demand for PCs and other hardware, October’s gains in that segment came in significantly lower than in 2014, when 2,000 jobs were added.

Read more over at Dice Insights.