Recent Surge in Tech Jobs Sets Stage for Strengthening Demand in 2024

According to the latest CompTIA Tech Jobs Report, employers added 191,000 new job postings for tech positions in March, an increase of 8,000 from February. The data provides the most recent indicator that the tech sector seems poised to continue its growth this year, with new postings in March reaching their highest volume since August 2023.

“The uptick in tech job postings is indicative of the tech job market’s resilience and adaptability and paints a picture of strengthening in demand for tech talent across industries,” says Dice CEO Art Zeile. “This increase in tech employment pushes the tech unemployment rate back down to 3 percent, and as companies across sectors continue to prioritize digital transformation and AI initiatives, it’s a positive story for recruitment in tech.”

Tech opportunities are increasing nationwide, with traditional tech hubs such as New York and San Francisco continuing to lead in volume of tech job postings. Further underlining the widespread demand for tech talent across diverse geographical landscapes, many emerging markets, including Lansing, Mich., Providence, R.I., and Raleigh N.C., witnessed notable month-over-month increases in tech jobs.

The recent rise in job postings wasn't confined to a specific niche within the tech sector. CompTIA’s report highlights that 46% of all tech job postings in March did not specify a four-year degree requirement, signaling a diverse array of pathways to a career in technology. Furthermore, the data showcases a heightened demand for AI-related skills, with AI-centric jobs accounting for a substantial 41% of March postings in the emerging technologies sub-category.

“Artificial intelligence is not new; many organizations have been incorporating AI into their products for years and we’re now seeing it revolutionize the nature of tech jobs,” Zeile says. “When used effectively, AI empowers tech professionals within companies to focus on creativity, innovation, and problem-solving. Many companies are starting to realize that if they invest in recruiting skilled tech candidates who can harness the power of AI they will quickly reap the rewards. As the field continues to develop, we can expect AI to play an even larger role in every type of company.”

Reinforcing the growth seen in CompTIA’s data, Dice's analysis of Q1 2024 data from Lightcast compared to Q4 2023 reveals a 16% uptick in tech job postings. Notably, tech job postings from non-staffing companies increased by 15%, while postings from staffing companies soared by an impressive 23% over the prior quarter. Tech recruiter job postings were also up 16% in Q1 2024 over Q4 2023.

“It’s encouraging to see companies hiring for tech recruiter positions, especially following the layoffs we’ve seen in the past year and a half,” Zeile says. “As the demand for tech talent continues to climb, competition for skilled professionals is only going to intensify. Companies must take note and streamline their hiring processes, enhance communication with candidates, and leverage AI tools, such as Dice, to identify individuals with the requisite skills for open roles.”

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.

About DHI Group, Inc.

DHI Group, Inc (NYSE: DHX) is a provider of AI-powered career marketplaces that focus on technology roles. DHI’s two brands, Dice and ClearanceJobs, enable recruiters and hiring managers to efficiently search for and connect with highly skilled technology professionals based on the skills requested. The Company’s patented algorithm manages over 100,000 unique technology skills. Additionally, our marketplaces allow tech professionals to find their ideal next career opportunity, with relevant advice and personalized insights. Learn more at www.dhigroupinc.com.

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The DHI Group Stock at the time of publication of the news with a raise of +0,12 % to 2,093USD on Lang & Schwarz stock exchange (11. April 2024, 15:04 Uhr).