Most States See IT Growth in 2015: October Regional Jobs Report

by on November 20, 2015

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The Bureau of Labor Statistics’ Regional Jobs Report for October has been released and the news is positive for job seekers and hiring managers alike. 43 states have experienced a drop in unemployment rate since last year. This is good news as we head into the wrap-up of 2015. For the IT industry, the news was even better. Since last year, 46 states added IT jobs to their workforce.

As the economy continues to hurdle toward full economic recovery and leveling out seems apparent, the Fed has begun hinting that an interest rate hike could in fact occur before the start of 2016. This is sooner than expected following announcements in September that the hike would be more likely in January of next year.  Modis will continue to keep an eye on those developments. In the meantime, take a look at how the industry, and each state, is performing in our analysis of this month’s regional jobs reports:

In-Depth Look: IT Industry

The tech sector continues to to top the list as a high-performing industry and this month is no exception. In October, the industry had an unemployment rate of 3.0%, significantly lower than the national rate, and added jobs in 42 states. Here are the top 5 states that added the most IT jobs this month:

  • Florida +20,900 IT jobs added
  • California +15,900 IT jobs added
  • Virginia +8,800 IT jobs added
  • New Jersey +8,600 IT jobs added
  • South Carolina +6,700 IT jobs added

Since October of 2014, IT growth occurred in 46 states, adding an impressive 559,000 positions. Here are the top 5 states with the highest IT job growth and the top 3 states with highest overall job growth year-over-year:

  • California +130,000 IT jobs and +463,000 total jobs added since October 2014
  • Texas +50,800 IT jobs and +203,900 total jobs added since October 2014
  • Florida +49,700 IT jobs and +239,900 total new jobs added since October 2014
  • New York +26,400 IT jobs added sinceOctober 2014
  • Massachusetts +26,300 IT jobs added since October 2014

Regional Unemployment Rates Decline Year-Over-Year

In October, the Midwest had the lowest unemployment rate coming in at 4.5% and the West experienced the highest rate at 5.5%. That is great news for the West as it signals continued economic growth. While over-the-month numbers were unchanged for all four regions, over-the-year rates tell a different story. Here’s at look at the regional unemployment figures:

  • West -0.1% from September to October, -1.0% year-over-year
  • Northeast -0.1% from September to October, -0.9% year-over-year
  • Midwest 0% from September to October, -0.9% year-over-year
  • South 0% from September to October, -0.6% year-over-year

Region-by-Region Fast Facts

Find, Hire and Retain Top IT Talent

As the IT sector continues to grow, so does the desire to work in this evolving industry. But the talent pool is still drying up. Companies continue to expand their IT workforces but the competition for top tech professionals is high. Stay ahead of your competitors and start thinking about your 2016 IT needs now. Don’t wait until Q1 to bring in new tech professionals.

One of the best ways to attract and retain talent is by offering the right pay. Our 2016 Salary Guide is the top IT industry resource offering salary data and job descriptions for hundreds of tech positions. Our guide also provides some of the trends you need to be aware of as we head into the new year. Make sure to request your free copy today and get ahead of the holiday hiring curve.

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