Tech sector job opportunities are growing quickly, and that's good news for many U.S. cities.
Career opportunities in the science, technology, engineering and mathematics (STEM) fields are expected to grow at a rate almost double that of all other industries by 2018, according to a U.S. Census report, “STEM: Good Jobs Now and for the Future.” And in terms of compensation, the report finds that “STEM workers command…26% more than their non-STEM counterparts.”
Tied into these recent findings, the highest growth cities in the tech job market may surprise you, according to a report by Forbes Magazine.
For instance, IT job hunters seeking promising prospects in the industry can look to the nation’s capital for great opportunities. Washington, D.C.’s tech sector growth has exceeded 21% annually since 2000, and the city also ranked second for highest paying tech careers last year.
Washington has stayed well ahead of the unemployment curve, but tech is proving to be a boon for metro areas struggling with joblessness in recent years. The economic recession of hurt Las Vegas almost more profoundly than any other metropolitan region in the nation.
Nevada’s job growth was the lowest among all states during the recession, with its largest city setting the pace. And while Las Vegas has yet to return to pre-recession numbers from its unemployment peak of 15% in late 2009, IT careers are aiding in a gradual recovery. Las Vegas’ tech industry has grown by over 17% a year in recent years, according to Bureau of Labor Statistic data.
Similarly, an unsustainable housing bubble hit Southern California’s Inland Empire particularly hard in recent years, but tech careers show promise in the region comprised of Riverside and San Bernardino counties. Its technology job growth trailed only Washington, D.C., nationally.