Tech trade group CompTIA estimates that the unemployment rate for IT occupations in the U.S. dropped to 1.3% in May, a 20-year low, according to an analysis of the latest Labor Department jobs data. “The demand for tech talent has reached historic levels,” said Tim Herbert, the group’s executive vice president for research and market intelligence. Overall, May’s monthly increase was the weakest since the recession ended in mid-2009, the Labor Department said Friday. The number of job openings in April exceeded the number of unemployed Americans be the largest margin on record, the Labor Department reported Monday. Overall growth in tech jobs has remained positive despite cuts in some areas, including the information services and telecommunications sectors.

Source: Wall Street Journal June 10, 2019 22:33 UTC