Tech Unemployment Hit 2.5 Percent in February

 

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The country’s tech unemployment rate hit 2.5 percent last month, a slight uptick over the 2.4 percent reported in February 2015, according to the latest data from the U.S. Bureau of Labor Statistics (BLS).

The technology segments monitored by the BLS experienced a mix of job losses and gains. For example, technology consulting added 4,400 positions in February, down from 4,600 in January. Data processing, hosting, and related services gained 900 jobs, a notable bounce-back after losing 500 in January.

Computer and electronic product manufacturing lost 400 positions, a considerable reversal after gaining 4,000 jobs in January. Manufacturing has long been a soft spot in the overall technology-jobs outlook, thanks in large part to a combination of manufacturing automation and outsourcing.

Overall, the technology industry continues to enjoy higher employment than the broader economy, where the unemployment rate stands at a (still historically low) 4.9 percent. While some pundits have expressed concern over recent layoffs at large tech firms such as Yahoo, and some smaller startups’ newfound inability to land lots of venture capital, the overall economy clearly still needs skilled technologists to help keep it running.

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Tech Unemployment Hit 2.5 Percent in February

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