While headlines about tech layoffs may dominate the news, the data reveals an undeniable truth: the global tech industry is not just recovering but aggressively expanding, adding millions of jobs and creating unprecedented opportunity from Silicon Valley to Bangalore.
Key Takeaways
- In May 2023, total employment in computer and information technology occupations in the US reached 5,021,910, reflecting a 2.4% year-over-year growth.
- Tech sector jobs in the US grew by 312,400 from 2022 to 2023, accounting for 9.1% of all new private sector jobs.
- Global IT employment stood at 28.7 million in 2023, with a projected addition of 1.2 million jobs by 2025.
- Women represented 26% of the US tech workforce in 2023.
- Average age of US tech workers was 42 years in 2023.
- 59% of US tech employees were White, 18% Asian, 12% Hispanic in 2022.
- Average tech salary in US: $109,020 median annual in 2023.
- Software developers earn $132,270 average US 2023.
- Data scientists: $108,020 median US 2023.
- Software developer roles comprised 28% of US tech jobs in 2023.
- Data analysts demand: 35% growth projected 2023-2030 US.
- Cybersecurity openings: 500,000 US unfilled 2023.
- 65% of US tech jobs in California, Texas, New York 2023.
- Bay Area: 400,000 tech jobs, 20% national share.
- Remote tech work: 28% fully remote US 2023.
The tech job market is seeing strong global growth despite notable industry layoffs.
Demographic Statistics
- Women represented 26% of the US tech workforce in 2023.
- Average age of US tech workers was 42 years in 2023.
- 59% of US tech employees were White, 18% Asian, 12% Hispanic in 2022.
- Only 22% of global AI professionals are women per 2023 Stanford study.
- Millennials (ages 27-42) comprise 52% of US tech workforce in 2023.
- Black workers: 7.4% of US tech jobs vs 12% national average.
- 15-24 year olds: 8% of EU ICT specialists in 2022.
- Veterans in US tech: 12% of workforce, above national 7%.
- LGBTQ+ identification in tech: 11% vs 7% national in 2023 survey.
- Disability rate in tech: 4.2% self-reported in US 2023.
- Gen Z (18-26) entry into tech: 15% of new hires in 2023 US.
- Hispanic women in tech: 3% of US workforce 2023.
- Over 55 age group: 18% of Canadian tech workers 2023.
- India tech workforce: 35% under 25 years old in 2023.
- UK tech gender gap: 19% women in 2023.
- Parental leave takers in tech: 65% men vs 85% women nationally.
- Immigrants: 25% of US tech patents, 50% founders.
- Rural tech workers: 12% of US total in 2023.
- Median US tech worker age rose to 43 from 41 in 2019-2023.
- 28% of tech leaders are women globally 2023.
- Entry-level tech diversity: 40% underrepresented minorities US 2023.
- Baby Boomers (58+): 5% of tech workforce declining.
- Neurodiverse in tech: 20% higher hiring rates at top firms.
- Single parents in tech: 14% US workforce 2023.
Demographic Statistics Interpretation
If we combined these stats into a single new tech employee, they’d likely be a white, millennial male veteran, which suggests the industry's celebrated innovation hasn't quite extended to its own hiring playbook.
Employment Growth and Totals
- In May 2023, total employment in computer and information technology occupations in the US reached 5,021,910, reflecting a 2.4% year-over-year growth.
- Tech sector jobs in the US grew by 312,400 from 2022 to 2023, accounting for 9.1% of all new private sector jobs.
- Global IT employment stood at 28.7 million in 2023, with a projected addition of 1.2 million jobs by 2025.
- US tech unemployment rate was 2.2% in Q4 2023, below the national average of 3.7%.
- From 2018 to 2023, tech employment in India increased by 4.5 million, reaching 5.4 million workers.
- EU tech jobs numbered 5.5 million in 2022, with 3.5% annual growth expected through 2025.
- In 2023, software developer roles in the US saw 135,000 new hires.
- Tech employment recovery post-COVID added 400,000 US jobs by end-2023.
- China's tech workforce exceeded 10 million in 2023, up 8% from 2022.
- UK digital sector employment hit 1.7 million in 2023, growing 4.2% YoY.
- Brazil's IT employment reached 1.2 million in 2023, with 12% growth.
- Australian tech jobs totaled 900,000 in 2023, up 5.1%.
- Canada added 50,000 tech jobs in 2023, reaching 800,000 total.
- Singapore's tech employment grew to 230,000 in 2023, +7%.
- South Korea had 1.5 million IT workers in 2023, up 3.8%.
- Mexico's tech sector employed 600,000 in 2023, growing 10%.
- Germany's IT jobs reached 1.1 million in 2023, +4%.
- France added 45,000 digital jobs in 2023, totaling 900,000.
- Japan's tech employment was 2.2 million in 2023, up 2.1%.
- US tech layoffs totaled 262,000 in 2023, but net growth was positive.
- Projected US tech job growth to 2032: 377,500 new jobs, 15% increase.
- Global tech jobs to grow 8.6 million by 2025 per IDC.
- CompTIA forecasts 667,000 new US tech jobs over next 2 years.
- Tech accounted for 17% of US job growth in 2023.
- H1B visas for tech: 85,000 approved in FY2023.
- US STEM jobs grew 10.5% from 2019-2023.
- Tech employment in startups: 2.5 million US workers in 2023.
- Cloud computing jobs grew 25% YoY in 2023 globally.
- Cybersecurity jobs: 3.5 million global openings unfilled in 2023.
- AI/ML roles doubled in US from 2022-2023 to 100,000+.
Employment Growth and Totals Interpretation
While the headlines scream of layoffs, the numbers whisper a far more stubborn truth: tech is not just surviving, but voraciously expanding its global empire, quietly hiring armies of new coders, cloud wranglers, and AI whisperers even as it occasionally reorganizes its existing ranks.
Geographic Distribution and Trends
- 65% of US tech jobs in California, Texas, New York 2023.
- Bay Area: 400,000 tech jobs, 20% national share.
- Remote tech work: 28% fully remote US 2023.
- India: Bangalore hub with 1.5 million tech workers.
- Hybrid model: 58% tech firms US 2023 policy.
- Austin TX growth: +30% tech jobs 2020-2023.
- Europe: Ireland tech employment 150,000 Dublin-centric.
- Seattle WA: 250,000 tech jobs, Amazon/Microsoft drive.
- Tel Aviv Israel: 400,000 tech workers, 10% GDP.
- Toronto Canada: 300,000 digital jobs 2023.
- Return to office: 40% tech firms mandate 3 days/week.
- Midwest US tech growth: +15% Columbus, Denver hubs.
- Asia-Pacific: 45% global tech jobs concentration 2023.
- NYC metro: 350,000 tech jobs, fintech focus.
- Offshore outsourcing: 30% US tech jobs to India/Philippines.
- DC area: 200,000 govtech jobs US 2023.
- Estonia digital nomad hub: 10,000 tech visas 2023.
- Boston MA: 150,000 tech/biotech jobs.
- Global remote: 16.5% tech workforce fully remote 2023.
- Chicago IL: +20% tech jobs post-2020 to 120,000.
Geographic Distribution and Trends Interpretation
The tech world is a stubbornly concentrated beast, with California, Texas, and New York hoarding nearly two-thirds of U.S. jobs, even as it pretends to decentralize through hybrid models, remote work, and the explosive growth of offshore hubs like Bangalore.
Job Roles and Demand
- Software developer roles comprised 28% of US tech jobs in 2023.
- Data analysts demand: 35% growth projected 2023-2030 US.
- Cybersecurity openings: 500,000 US unfilled 2023.
- Full-stack developers: Top demanded skillset, 40% job postings.
- Cloud skills shortage: 1.2 million US jobs open 2023.
- Product manager roles grew 15% YoY US 2023.
- QA testers demand down 5% due to AI automation 2023.
- DevOps engineers: 74,000 US openings 2023.
- Machine learning engineers: 97% YoY growth in postings.
- IT support roles: 20% of total tech jobs stable demand.
- Blockchain developers: 300% demand surge 2023.
- Network engineers: Aging workforce, 25% retire by 2025.
- UI/UX designers: 22,000 monthly US postings 2023.
- Solutions architects: AWS certified demand up 30%.
- Scrum masters: Agile roles 18% of project mgmt jobs.
- Data engineers: 50% growth in demand 2022-2023.
- Site reliability engineers (SRE): 40% YoY increase postings.
- Technical writers: 10% demand rise with API growth.
- Mobile app developers: iOS/Android split 60/40 demand.
- Business analysts in IT: 15% of tech job openings.
- Game developers: 12,000 US jobs, esports boom.
- Fintech roles: 200,000 global openings 2023.
- Healthcare IT specialists: 25% growth projected.
Job Roles and Demand Interpretation
The tech job market is an engine of chaos: we're so busy fighting half a million fires in cybersecurity and scrambling for cloud engineers that we're simultaneously automating away some roles while desperate for others who can build the very systems that will automate us next.
Salary and Compensation
- Average tech salary in US: $109,020 median annual in 2023.
- Software developers earn $132,270 average US 2023.
- Data scientists: $108,020 median US 2023.
- Cybersecurity analysts: $120,360 mean annual US 2023.
- Tech bonuses average 15% of salary US 2023.
- Remote tech workers earn 20% less than office-based peers US 2023.
- Entry-level software engineer: $95,000 average US 2023.
- CTO salaries: $250,000+ median US tech firms 2023.
- India software engineer average: ₹8.5 lakh ($10,200) 2023.
- UK tech salaries up 6.2% to £52,000 average 2023.
- Equity compensation: 40% of tech workers receive stock options US.
- Gender pay gap in tech: Women earn 93% of men's pay US 2023.
- Benefits value: $25,000 average annual non-salary US tech 2023.
- AI engineers: $150,000 median US 2023.
- Cloud architects: $160,000 average US 2023.
- Tech sales roles: $145,000 OTE US 2023.
- 401k match: 4.5% average employer contribution tech US.
- Health insurance premiums: Tech pays 80% employee coverage US.
- Overtime pay rare: 85% salaried exempt in tech US 2023.
- RSU vesting: 4-year schedule standard, 25% year 1 cliff.
- Senior dev salaries: $180,000+ Bay Area US 2023.
- Global tech avg salary: $75,000 USD equivalent 2023.
- PTO days: 23 average US tech vs 10 national.
- Commission structures: 10-20% of revenue for tech sales.
- Principal engineer: $220,000 median US 2023.
- DevOps engineer: $135,000 US average 2023.
- UX designer: $115,000 median US 2023.
Salary and Compensation Interpretation
The tech industry's pay structure reveals a savvy but stark landscape where your title, location, and willingness to be in the office are the ultimate price modifiers, proving that while the average salary is comfortably six figures, the real compensation is a complex algorithm of bonuses, equity, and benefits that still hasn't debugged the gender pay gap.
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