NC Tech Job Market Shows Signs of Recovery

Despite a recent decline in tech employment, the latest report suggests that the drought may be ending

Why It Matters:

The report highlights the recent challenges faced by the technology job market in North Carolina and the potential implications for the state's economy and workforce.

The Details:

• In July, tech employment in North Carolina fell while other sectors experienced job growth.

• However, the NC Tech IT Job Trends report indicates that advertised tech job openings across the state have increased for the second consecutive time.

• Layoffs in the tech sector have occurred, but most job cuts have been in traditional industries.

• The report found a total of 17,101 tech job openings in July, a slight increase from the previous month.

• The Triangle area saw nearly 7,000 advertised tech jobs, up from June but still below 2022 levels.

• The majority of the top ten tech hirers in the state are non-tech companies, highlighting the diversity of tech employment opportunities.

• A quarterly survey conducted by NC TECH found optimism among tech executives for business growth and hiring.

• TechWire's Top 50 list of companies in the Triangle revealed that all 50 are currently hiring.

• Overall job openings in North Carolina are increasing.

Conclusion:

Despite the challenges faced by the tech job market in North Carolina, the recent report suggests that the situation is improving, with an increase in advertised job openings and optimism among tech executives for future growth and hiring.