Rebound but questions about the pace of the bounce-back
The hot industries in April hiring were: RF Solutions, Cloud Hosting, Big Data Analytics, HealthTech, and Mobile Data Security. Redfish placed people in the roles of: Lead ASIC Design Engineer, Linux Technical Support, Client Partner, Product Manager, Inside Sales, Lead Qualification Specialist, Developer, and Linux Technical Support.
The jobs report showed growth of 223,000 in April. The sectors with the most growth were: professional and business services (+62,000), health care (+45,000), and construction (+45,000). While the 223,000 figure marked a rebound over March 85,000, the slower wage growth has many betting that the Fed will hold off from raising interest rates a little longer.
While this month was lackluster, tech-related jobs in the US have grown by 31% from 2004 to 2014, exceeding high-growth sectors such as health care and business services, and STEM-related jobs grew 11.4% in the same period. Other jobs grew only 4.5% during this time.
Austin, Texas led the pack in tech sector employment expansion from 2004 to 2014 at 73.9% growth. Raleigh, N.C. (Research Triangle) grew by 62.3%. Houston, San Francisco, Salt Lake, Seattle, Nashville & Memphis are also among the cities with the highest tech sector employment growth.