« BackTech Sector Job Growth Rebounds from Pandemic
July 15, 2022
North American tech talent rebounded back from the pandemic to post job gains across most top markets in 2021, CBRE said in its annual Scoring Tech Talent report. However, the sector’s resilience will be tested again amid economic turmoil in 2022,
Overall, the U.S. added a net 136,000 tech talent jobs last year across established hubs including the Bay Area, New York and Seattle along with smaller markets like Nashville, Cleveland and California’s Inland Empire. Leading Canada’s tech talent growth are Toronto, Vancouver and Calgary, among others.
“Tech talent and the broader technology industry have time and again proven resilient amid economic cycles,” said Colin Yasukochi, executive director of CBRE’s Tech Insights Center. “We’ve seen in the past that, when the tech industry retrenches, companies tend to eliminate support jobs in favor of retaining their tech talent. Meanwhile, North American tech markets continue to produce innovations that draw customer demand.”