May 29, 2024

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Report: Tech workers still in high demand in NC, even as labor market overall expected to slow

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RALEIGH – Technology staff are still in high demand in North Carolina, with extra than 57,000 openings in the state in accordance to the hottest IT Job Traits report from the North Carolina Know-how Affiliation, NC TECH.

In point, the report tracks a 60% enhance in work openings in May well 2022 in comparison to May 2021, with a overall of 57,182 task openings for tech roles across the point out final thirty day period.

April 2022 was the very first thirty day period on record where by job openings in know-how surpassed the 50,000 mark, and the quantities for Could 2022 exhibit a internet raise of just less than 4,000 roles opening in Might.

That is in contrast to nationwide career current market trends, having said that, as tracked in a modern WRAL TechWire Careers Reviews, together with Monday’s.

And with yet another recent curiosity rate hike from the Federal Reserve, an financial slowdown may well be coming, and with it, slowing work expansion, Dr. Michael Walden, an economist and a William Neal Reynolds Distinguished Professor and Extension Economist at North Carolina State College, advised WRAL TechWire.

“The Triangle – which includes tech – will sense the impacts of a slowdown, just has it has in former economic tightenings by the Fed,” stated Walden.  “Tech may even experience a higher adverse impression because of to the fact the sector has ‘boomed’ so a lot all through the pandemic and afterward.”

Position seekers beware: Curiosity rate hikes to strike labor marketplace, economist warns

Booming nonetheless

As of Could 2022, nonetheless, technical talent was however in high need in North Carolina.  In all metropolitan statistical locations (MSAs) tracked in the NC TECH IT Task Traits report, the amount of career openings experienced enhanced by at minimum 15% year-around-12 months.

In Raleigh’s MSA, there ended up 19,419 open up roles in May well 2022, an boost of 83% yr-in excess of-12 months in the quantity of open up tech work opportunities out there.  In the Charlotte MSA, there were being 19,272 open up tech work opportunities, an raise of 59%. In the Durham-Chapel Hill MSA, there had been 4,914, an boost of 22% yr-more than-12 months.

Graphic: NC TECH. Details pulled from NC IT Occupation Developments Report manufactured by North Carolina Know-how Association.

“The Research Triangle space proceeds to dominate the IT openings for the condition.  Though mentioned by Metropolitan Statistical Place, the figures for Raleigh combined with the Durham / Chapel Hill area total near to 25,000 open up positions,” stated Andrea Fleming, Director of Expertise + Workforce Growth for NC TECH, in a statement.  “Local and countrywide information highlight stories of a slowing economy and declining possibilities, but that is not the case for tech in North Carolina. Tech openings keep on their upward climb.”

In each of Winston-Salem and Greenville, tech job openings enhanced by much more than 100%, with an raise of 117% in the Winston-Salem MSA and an boost of 112% in the Greenville MSA.

Tech expertise desire remains robust in Triangle – here’s which companies are employing

 



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