After a second quarter fundamentally disrupted by the pandemic, new data from the Dice Q3 Tech Job Report suggests overall stabilization in technology hiring during the third quarter of 2020. The report, released by technology professional career hub Dice, provides exclusive statistics and analysis on the tech hiring landscape, including top cities and states, top employers and the most sought-after skills and occupations.
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Overall, the report shows that while the industry was certainly not immune to the far-reaching impacts of COVID-19, more positive technology hiring trends may be on the horizon. In a promising development, more than two-thirds of top employers increased job posting volumes in third quarter. Additionally, senior-level roles gained momentum, a possible indication that a larger number of mid-level postings will follow in the coming months. Although tech job postings were down 7% for the third quarter compared to the prior quarter, postings were virtually flat from August to September.
“The increase in job posting volumes for a range of top employers and the overall boost in more senior roles are encouraging, especially considering that the tech unemployment rate is still comparatively low at 2.8%. We are seeing a continued demand for technologists even amidst the pandemic, and we expect that, with growing confidence, the trend toward stabilization will continue as organizations digitize and adapt to longer-term remote work flexibility,” said Art Zeile, Chief Executive Officer of DHI, parent company of Dice.
While previous Dice Tech Job Reports have focused on year-over-year macro trends, this edition takes a more granular look at the tech industry by comparing the second and third quarters of 2020, and in some cases, month-over-month comparisons (August and September 2020).