Arizona Posts Strong Final Quarter of 2023 in Council's Technology Industry Impact Report
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Arizona Technology Council
State Leads the Southwest in Tech Job Growth. Earnings Jump 9.8% over 12-Month Period

PHOENIX - ncarol.com -- The Arizona Technology Council has released its Q4 2023 Arizona Technology Industry Impact Report, which finds that Arizona still leads the Southwest states in technology job growth despite a down year in STEM job postings overall. In addition, industry earnings across Arizona reached $30.65 billion, a 12-month earnings increase of 9.8%.

"The technology industry certainly had a bit of a downturn in 2023, but Arizona remains a standout among our peers as having a technology ecosystem where opportunities remain high" said Steven G. Zylstra, president and CEO of the Council and SciTech Institute. "We're also encouraged by the start of 2024, with significant investments from Intel and TSMC driving new business our way and a vibrant startup ecosystem accelerating innovation across sectors."

In addition to Arizona having the top job increase in the Southwest—including Nevada, Utah, Texas and California—and the continued rise in tech earnings, a few additional data points stood out, including:
  • Software developers led the way in total jobs in 2023 with 42,951. The next closest roles included computer user support specialists (24,699) and computer systems analysts (15,808).
  • Jobs in Arizona's tech sectors reached 234,000, a 5.57% one-year gain.
  • More than 80% of tech job postings in the state required one to two or three to five years of experience, positioning Arizona as a great place for young technology professionals.
  • Gender diversity in tech remains a challenge. In 2023, 69.8% of the workforce was male vs 30.2% being female. The percentage for females was 0.4% higher in 2022.
In addition to the updated data on the Arizona technology industry, the Council also supplements its report with published works, blogs and interviews highlighting technology industry leaders in the state, news from organizations across a wide range of sectors in the technology community, and more.

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Highlights from the Q4 2023 Impact Report include the following stories:

Career News Diversity and Inclusion News
Company News
Workforce Development and Education News
Investment News – Funded, Grants, etc. On the Council's behalf, the quarterly report is compiled by Lightcast (formerly eImpact) (http://eimpact.report/), an organization that creates web-based, data-reporting solutions designed to help cities, industries and planners drive effective policy, create new growth and engage stakeholders. The report is based on Lightcast's analysis of data from Emsi, Brookings Institution, CompTIA, AngelList, National Science Board and others.

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Download or view the complete report on the Council's website here (https://aztc.eimpactv3.com/dashboards/6/techimp...).

Contact
Alec Robertson
***@brodeur.com


Source: Arizona Technology Council
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