Tech Talent Market Soars: 7,000 New Jobs Added as Unemployment Hits 2%!

Dive Brief

IT unemployment slid to 2% in December 2024, matching 2023 levels, as employers added 7,000 net new tech jobs according to a report by CompTIA.

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• IT unemployment dropped from 2.5% the previous month, marking the lowest rate since November 2023. The average national unemployment also fell to 4.1% in December.
• Employers added more than 165,000 new job postings in December, totaling 434,415 active tech job postings. Key areas of growth include software engineering, cybersecurity, and data science.

Dive Insight

The final employment data for 2024 caps a year of fluctuations in the IT job market. Despite the ups and downs, CIOs are still struggling to fill specialized tech positions. The push towards AI implementation has created a high demand for skilled professionals.

Art Zeile, CEO of DHI Group, stated, “The market for talent is like any other market: it’s based on supply and demand, and there is a significant imbalance right now.”

Large corporations are quickly moving to scoop up available talent, with Amazon, Accenture, Deloitte, and PwC leading in December job postings.

Analysts predict that CIOs will focus on building internal literacy in priority areas in 2025. Two-thirds of organizations expect to train existing workers to fill skill gaps in cybersecurity, software, data, and more, an increase from 59% in 2024.