Tech Dog Days of Summer
End of summer tech hiring was strong in sales and marketing as well as development. Redfish staff reported that the majority of hiring was for Senior Account Executives, a Director of Marketplace Growth, and an Artist Relations Manager on the S&M side. Tech hiring was predominantly for Backend Engineers and Serving Software Engineers, and a Technical Product Manager. The tech sectors with the strongest hiring in August were: IT Agility Applications, Wireless Digital Health Technology and Wearable Health Technology, Social Media Platform, and Social Music Connection Platform.
The DICE midyear hiring survey highlights the low unemployment rate for tech professionals, it is about half that of the overall job market. And the unemployment rate for some tech positions are especially low, for example 1.1% for network architects and 1.2% for database administrators. “These meager numbers will fan recruiting battles at a time when tech pros are getting pickier about the offers they will accept, according to Dice’s semi-annual survey of more than 700 recruiters and HR pros who deal primarily with tech professionals.” And seventy percent of surveyed hiring managers intend to hire more technology professionals in the next six months – tech remains strong.
Bad news if you aren’t in tech: Just as overall job numbers in the economy were looking stronger, the BLS employment report came in at a dismal 142,000 jobs added in August. ADP’s report touted private-sector employment additions of 204,000, on a seasonally adjusted basis. Job gains were primarily in professional and business services and in health care. Small businesses added the most jobs (+78,000), followed closely by medium businesses adding 75,000, and large businesses added 52,000 according to ADP.