Arizona Technology Industry Impact Report 2020 Q2
A Message from the Arizona Technology Council President + CEO
In this edition of the report, you’ll hear from:
- Wes Hummel @ PayPal
- Jason Yankovitz @ Salute Mission Critical
- Calline Sanchez @ IBM
- Grant Anderson @ Paragon Space Development Corporation
- Chris Ronzio @ Trainual
- Gregg Scoresby @ CampusLogic
- Leib Bolel @ Grayhawk Capital
These stories augment data showcasing strong performance despite the COVID-19 pandemic and associated economic downturn. The number of tech jobs in Arizona continued to rise this year — up about 1% in the second quarter over the first (and 10% higher than 2019 Q2). Wages rose, too, by 4.1% in Q2 over Q1, down slightly from growth in previous quarters when wages rose more than 5%.
Strong performance in the tech industry is not surprising, given how the COVID-19 pandemic has forced us to rely on technology more than ever. Hopefully, this strength will continue even as the significant headwinds persist.
Top Sectors by Employment
within the tech industry| Industry | Employees | Yearly Wage | Firms |
|---|---|---|---|
| 5415 - Computer Systems Design and Related Services | 34,216 | $90,028.00 | 4,300 |
| 3364 - Aerospace Product and Parts Manufacturing | 26,324 | $103,448.00 | 121 |
| 3344 - Semiconductor and Other Electronic Component Manufacturing | 20,310 | $133,627.00 | 154 |
| 517 - Telecommunications | 14,921 | $71,796.00 | 628 |
| 518 - Data Processing, Hosting, and Related Services | 9,357 | $95,187.00 | 384 |
Top 5 Sectors by Firms
within the tech industry| Industry | Firms | Growth (YoY) |
|---|---|---|
| 5415 - Computer Systems Design and Related Services | 4,300 | 0.03% |
| 3364 - Aerospace Product and Parts Manufacturing | 121 | 0.03% |
| 3344 - Semiconductor and Other Electronic Component Manufacturing | 154 | -0.01% |
| 517 - Telecommunications | 628 | -0.02% |
| 518 - Data Processing, Hosting, and Related Services | 384 | 0.07% |
The Arizona Technology Council (AZTC) is Arizona’s premier trade association for science and technology companies. Recognized as having a diverse professional business community, Council members work towards furthering the advancement of technology in Arizona through leadership, education, legislation and social action. The Council offers numerous events, educational forums and business conferences that bring together leaders, visionaries, and community members to make an impact on the technology industry. These interactions contribute to the Council’s culture of growing member businesses and transforming technology in Arizona. To become a member or to learn more about the Arizona Technology Council, please visit www.aztechcouncil.org and follow AZTC on Twitter at @aztechcouncil.
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Data & Methodology
How the data in this report was calculated.METHODOLOGY
This report includes totalling 0 data points from 13 measures, collected from 1 public sources (described below). We also estimated 0 data points based on our estimation and projection methodology.
Some of the summary data included in the report may not include suppressed data. Data suppression occurs in cases where private, identifying information would be disclosed. In most cases, this does not impact the total values presented in the report, but in cases where there are small industries or areas, data suppressions may reduce the accuracy of the data we can display.
SOURCES
-
Quarterly Census of Employment and Wages
Website: https://www.bls.gov/cew/
Data Year:The Quarterly Census of Employment and Wages (QCEW) program publishes a quarterly count of employment and wages reported by employers covering more than 95 percent of U.S. jobs, available at the county, MSA, state and national levels by industry.
Measures
Total Annual Wages, Taxable Annual Wages, Firms, Employment Level, Annual Contributions, Employment Growth (YoY Change), Firms (YoY Change), Wage Growth (YoY Change), Yearly Pay Growth (YoY Change), Average Industry Pay, Employment vs US Average, Wages vs US Average, Yearly Pay vs US Average
Populations
2131 - Support Activities for Mining, 2211 - Electric Power Generation, Transmission and Distribution, 3252 - Resin, Synthetic Rubber, and Artificial Synthetic Fibers and Filaments Manufacturing, 3261 - Plastics Product Manufacturing, 3313 - Alumina and Aluminum Production and Processing, 3314 - Nonferrous Metal (except Aluminum) Production and Processing, 3327 - Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing, 33299 - All Other Fabricated Metal Product Manufacturing, 33312 - Construction Machinery Manufacturing, 3332 - Industrial Machinery Manufacturing, 3333 - Commercial and Service Industry Machinery Manufacturing, 3336 - Engine, Turbine, and Power Transmission Equipment Manufacturing, 333613 - Mechanical Power Transmission Equipment Manufacturing, 3339 - Other General Purpose Machinery Manufacturing, 3341 - Computer and Peripheral Equipment Manufacturing, 3342 - Communications Equipment Manufacturing, 3343 - Audio and Video Equipment Manufacturing, 3344 - Semiconductor and Other Electronic Component Manufacturing, 3345 - Navigational, Measuring, Electromedical, and Control Instruments Manufacturing, 3346 - Manufacturing and Reproducing Magnetic and Optical Media, 3353 - Electrical Equipment Manufacturing, 3359 - Other Electrical Equipment and Component Manufacturing, 3363 - Motor Vehicle Parts Manufacturing, 3364 - Aerospace Product and Parts Manufacturing, 336992 - Military Armored Vehicle, Tank, and Tank Component Manufacturing, 3391 - Medical Equipment and Supplies Manufacturing, 42343 - Computer and Computer Peripheral Equipment and Software Merchant Wholesalers, 5112 - Software Publishers, 5152 - Cable and Other Subscription Programming, 517 - Telecommunications, 518 - Data Processing, Hosting, and Related Services, 51913 - Internet Publishing and Broadcasting and Web Search Portals, 5415 - Computer Systems Design and Related Services, 5417 - Scientific Research and Development Services, 61142 - Computer Training