Tech Labor Market Strengthens
Today's job report gives more signs that the domestic tech labor market continues to strengthen, despite offshoring. For one, the number of domestic jobs in "computer and mathematical occupations" is up 7.5% over the past year, a very strong performance.
Moreover, some of the key tech industries are clearly willing to hire in decent numbers. For example, year over year domestic job growth in "custom computer programming services" has gone over 5%, a level not reached since 2001.
This is an industry with over 500K workers, so it's not insignificant(this chart shows a three month moving average).
Where are the weak spots? Employment in tech hardware is still flat, year over year, and that may never change. And telecom companies are still shedding jobs, compared to a year ago.
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