Tech talent is one of the most resilient professions in any economic downturn, and this has been particularly so during the COVID-19 crisis by facilitating business productivity and supporting critical infrastructure.

 

While the year-end 2019 employment data used in this report does not reflect the impact of COVID-19, data from past economic downturns demonstrates tech talent’s resilience. During the Great Recession (2008-2010), tech talent employment across all industries declined by 0.5% compared with -5.5% for total U.S. employment and -1.7% for employment in the technology software and services industry. During the dot-com bust (2000-2002), tech talent employment declined by 6.3% across all industries compared with -13.9% for employment in the technology software and services industry.