The technology industry’s unemployment rate crept upward in the third quarter of 2015, hitting 3.0 percent—its highest rate since the second quarter of 2014, according to the U.S. Bureau of Labor Statistics (BLS). Despite that uptick, the industry still did better than the overall U.S. labor market, where the unemployment rate dipped slightly to 5.2 percent.
Preliminary BLS data suggests that total average layoffs and discharges for July and August, the latest months for which numbers are available, were 377,000 and 378,000, respectively. That’s a noticeable decline from the second quarter, when average layoffs and discharges totaled 421,700 per month, and the first quarter, when layoffs and discharges totaled 424,300 per month. For year-ago comparisons, the third quarter of 2014 saw layoffs and discharges of 443,000 per month.
The downloadable PDF version of the report can be found here: 2015-Q3 Tech Trends Report.