Torrential Hiring in the Cloud
A torrent of hiring last month in Cloud sectors such as Cloud Hosting, Enterprise Cloud Security, and Cloud Video Conferencing. The main roles placed were Senior Web Developer, Linux Technical Support, Senior Director Product Marketing Manager and Account Executives.
The Brookings Institute reports that the nation’s advanced industries (tech sector) have led the post-recession employment recovery, playing a major role in the US economy. As of 2013, the top tech sectors employed 12.3 million workers in the US, which is approximately 9% of total US employment but produce 17% of GDP. By headcount, tech industries spend almost four times more than other industries with other businesses, creating 2.2 jobs for each new advanced industry job (0.8 locally and 1.4 outside of that job’s region). So direct and indirect advanced industry employment totals almost 39 million jobs, almost 1/4th of all US employment.
Nationwide, tech jobs account for less than 5% of employment, but in tech hot spots that percentage is much higher. In Durham, tech makes up 14% of employment, Raleigh 9%, metro Detroit 14.8%, San Jose 30%, Seattle 16%, Wichita 15.5%.
The U.S. Bureau of Labor Statistics reported that 295,000 were added in February and the unemployment rate edged down to 5.5%. Employment increases were seen in professional and business services (+51,000), management and technical consulting services (+7,000), computer systems design and related services (+5,000), and architectural and engineering services (+5,000). Construction added 29,000 jobs in February; health care created 24,000, transportation and warehousing grew by 19,000, and retail trade ramped up by 32,000.