February Regional Jobs Report: Tech Industry Proves To Be Resilient

by Julie Mays on March 25, 2016

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668x200_BlogHeader_RegionalReportThe Bureau of Labor Statistics released their Regional Jobs Report for February 2016 this week. The national unemployment rate remained at 4.9 percent for a second consecutive month. Twenty-two states and the District of Columbia saw their unemployment rates decrease month-over-month, 8 states had increases, and 20 states saw no change. Thirty-seven states and the District of Columbia had employment rate decreases year-over-year, 10 states saw increases, and 3 states had no change.

In-Depth Look: IT Industry

The IT industry proves to be resilient with the unemployment rate in this sector decreasing 0.3 percentage points from the previous month, down to 2.7 percent in February. Year-over-year the unemployment rate in this sector is down 0.6 percent, showing steady growth overall.

Specifically, software developers and computer systems analysts are among the occupations predicted to have the most job growth over the next eight years.

Here are the top five states that added the most IT jobs in the month of February:

  • Virginia: +7,300 IT jobs added
  • Illinois: +6,600 IT jobs added
  • Pennsylvania: +5,200 IT jobs added
  • North Carolina: +4,200 IT jobs added
  • Massachusetts: +4,000 IT jobs added

Here are the top five states with the highest IT job growth and year-over-year changes:

  • California: +67,400 IT jobs and +451,600 total jobs added since February 2015
  • Florida: +52,200 IT jobs and +243,200 total jobs added since February 2015
  • Virginia: +35,400 IT jobs and +96,500 total jobs added since February 2015
  • Georgia: +29,700 IT jobs and +116,000 total jobs added since February 2015
  • Texas: +25,500 IT jobs and +170,900 total jobs added since February 2015

Year-Over-Year, Regional Unemployment Rates Decline

In February, all four regions saw very little month-over-month change in unemployment rates, and none significantly different than that of the U.S. The Northeast had the lowest unemployment rate at 4.6 percent and the West experienced the highest rate again at 5.2 percent. There was good news for the West, however. The region experienced the greatest unemployment rate decrease from February 2015 to present. Year-over-year number showed a positive trend in the right direction. Here’s a look at the regional unemployment figures:

  • Northeast: 4.6% (-0.1% from January to February, -1% year-over-year)
  • South: 5.0% (-0.1% from January to February, -0.5% year-over-year)
  • West: 5.2% (-0.1% from January to February, -0.9% year-over-year)
  • Midwest: 4.8% (+0.1% from January to February, -0.3% year-over-year)

Region-by-Region Fast Facts

Hire Top Tech Talent in 2016

While the IT industry continues to add jobs, the competition to hire the best talent will continue to heat up. Modis can help you stay ahead in 2016 and connect your business with the very best tech professionals. Learn more about how we can move your business forward or contact us today!

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