Tech Job Postings Are Up 25% in 2022; Demand for Talent Remains High

Rhea-AI Summary

Job postings for technology roles increased by 25% from January to October 2022 compared to 2021, according to the Tech Job Report by Dice. Over 375,000 tech jobs were posted in October 2022, driven by high demand in non-tech sectors like healthcare and finance. Despite significant tech layoffs, demand for tech talent remains strong, particularly for software and data roles, which saw posting increases of 139.5% and 121.5%. Emerging tech hubs like Florida and Texas are experiencing notable growth in job postings.

Positive

• 25% increase in tech job postings from January to October 2022 compared to 2021.
• Over 375,000 tech jobs posted in October 2022.
• High demand for software development engineers and back-end engineers with increases of 139.5% and 121.5% respectively.
• 52% of top employers for tech roles are in non-tech sectors.
• Emerging tech hubs in Florida, Pennsylvania, and Arizona showed substantial growth in job postings.

Negative

• High-profile tech layoffs exceeding 90,000 could create market perception issues despite job growth.
• Traditional tech hubs like Silicon Valley are facing challenges due to cost of living and tech layoffs.

Employers in healthcare, aerospace, finance and consulting are competing against traditional tech companies for technology professionals.

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Job postings for tech-focused roles across the economy are up 25% from January to October 2022, compared to the same period in 2021, according to the newly released Tech Job Report from career marketplace Dice, a DHI Group, Inc. (DHX: NYSE) brand.

High-profile tech layoffs (more than 90,000 as of December 9, 2022, according to Crunchbase) are masking the continued health of the overall market; Dice reports that more than 375,000 tech jobs were posted in October 2022 — many of those in non-tech sectors including healthcare, aerospace, finance and consulting. Tech professionals are in high demand as organizations continue to focus on digital transformation initiatives; for example, job postings for software development engineers and back-end engineers have more than doubled compared to 2021, at 139.5% and 121.5% growth, respectively.

“We've seen sustained strong demand for tech talent across key industries and sectors, as evidenced by our data showing an increase in job postings throughout 2022,” said Art Zeile, CEO of Dice. “With the continuing string of mass layoff announcements from high-profile tech companies, it can look like the sky is falling for tech hiring. In reality, with each Silicon Valley tech job elimination, there are still multiple unfilled roles waiting for that tech professional. The challenge and opportunity for established organizations will be in attracting and engaging with newly available talent to build out their tech teams.”

Non-Tech Industries Make Up Majority of Tech Job Postings:

Tech companies usually dominate job postings for technology professionals, but Dice found that 52% of the top 50 employers of tech talent in 2022 (Jan–Oct) were from non-tech industries: healthcare, aerospace and defense, finance and banking, and consulting.

“Telemedicine continues its rapid expansion, people want to book their airfare and hotel rooms on their phones, we do our banking through an app — nearly every part of our lives is online today,” added Zeile. “Companies need to provide a seamless online and mobile experience for customers and protect the private information they hold, and that means companies need technology professionals with varied skill sets.”

Emerging Tech Hubs Continue to See Growth

As traditional tech hubs like Silicon Valley and New York City struggle to deal with increased cost of living, remote work migration and tech sector layoffs, states like Florida (+32.8%), Pennsylvania (+27.6%) and Arizona (+27.3%) continue to rise as destinations for employers and technology professionals.

Texas saw an overall increase of 22.8% in tech job postings, and it was the only state with five cities in the top 25: Austin, Houston, Dallas, Plano and San Antonio. Of the top 25 cities for total tech job postings, 15 showed double-digit increases year over year, with Houston, Miami, Phoenix, San Diego, Charlotte and Boston all exceeding 25% growth.

Engineers Are in High Demand Across the U.S.

Companies in every industry are increasingly focused on digital transformations in their businesses to meet consumer expectations, improve internal efficiency and maximize their reach. To make these transformations happen, companies are investing heavily in their in-house tech teams; job postings for software development engineers (+139.5%), back-end engineers (+121.5%) and data science managers (+103.1%) have more than doubled compared to 2021.

These numbers serve as a reminder that, even as the economy contracts, there is still a great need for technology talent across many different industries — especially for the companies that were pushed into an accelerated digitization. These efforts likely cannot be stopped mid-stream, regardless of the economic environment, and organizations will continue to need technology teams to manage increasingly digitized daily operations.

Dive deeper into Dice’s Tech Job Report to learn more about location-specific insights, in-demand technologist skills, industry trends and more.

Methodology

To present the insights in this report, Dice used job posting data provided by Dice’s partner, Lightcast (formerly known as Emsi Burning Glass), which has a database of more than 1 billion current and historical job postings worldwide. Dice pulled data on November 4, 2022, and analyzed more than 7 million tech job postings in the U.S. to gather our specific dataset, which we then filtered for “Information Technology” jobs that fall under “Full Time,” “Part Time” and “Flexible Hours.” We gathered the list of top employers in the “Industry Analysis” section by using the above criteria, with an additional filter for job postings that only derive from employer sites. The information in this report is a snapshot of tech job posting data as of November 4, 2022, and backward revisions to prior data may occur from the sources used in this report.

About Dice

Dice is a leading tech career hub connecting employers with skilled technology professionals and providing tech professionals with career opportunities, data, insights and advice. Established in 1990, Dice began as one of the first career sites and today provides a comprehensive suite of recruiting solutions, empowering companies and recruiters to make informed hiring decisions. Dice serves multiple markets throughout North America. Dice is a DHI Group, Inc. (NYSE:DHX) brand.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221212005823/en/

Mari Shirley

dicemedia@dice.com

(303) 267-4602 x664602

Source: DHI Group, Inc.

FAQ

What was the increase in tech job postings from January to October 2022 for DHX?

Tech job postings increased by 25% from January to October 2022 compared to the same period in 2021.

How many tech jobs were posted in October 2022 according to DHX?

Over 375,000 tech jobs were posted in October 2022.

Which sectors are driving tech job demand for DHX?

Non-tech sectors such as healthcare, aerospace, finance, and consulting are driving tech job demand.

What are the growth rates for software and back-end engineering roles for DHX?

Software development engineer job postings grew by 139.5% and back-end engineers by 121.5%.

Which states are becoming emerging tech hubs according to DHX?

Florida, Pennsylvania, and Arizona are emerging as tech hubs with significant growth in job postings.