Arizona Technology Council's Q4 2022 Impact Report Reveals In-Demand Skills, a Decline in Overall Job Postings and ASU's Dominance in STEM Degrees

PHOENIX - April 25, 2023 - PRLog -- The Arizona Technology Council released its Q4 2022 Arizona Technology Industry Impact Report today, highlighting new data across the state's booming technology industry. The first notable takeaway from the report is that technology job posts require a few in-demand hard skills (SQL, Java, Python, AWS), although some posts reflect a skills gap in the market (Azure, DevOps, AWS, APIs). Other key data points include the number of overall job posts dipping below pre-pandemic levels for the first time, and Arizona State University Campus Immersion dominating science and engineering degrees, growing 3.8 times between 2003 and 2021 to 6,100 annual degree completions.

"The Q4 report reflects another strong year in Arizona's technology industry in 2022 while also highlighting the areas in which Arizona can improve to have another explosive year in 2023," said Steven G. Zylstra, president and CEO of the Council and SciTech Institute. "What I found most interesting about this quarter's data is that software engineering disciplines continue to dominate the most in-demand skills as trending technology like artificial intelligence, machine learning and the Internet of Things are becoming so prevalent throughout every industry."

In addition to the highlights surrounding jobs, in-demand skills and ASU science and engineering degrees, the Council saw continual growth across key metrics, including:

• The technology jobs multiplier rose to 6.03%. This means that for every 100 jobs added to the technology industry, 603 new jobs are created in other industries.
• Over the past year, technology industry wages grew by 2.87% while total industry wages reached $25,400,183,228.
• Year-over-year growth for technology companies opening in or moving to Arizona was 8.17%, and there are now 14,493 technology companies in the state.
• Nearly 350,000 Arizona graduates are choosing to remain in state for their careers, with 233,689 local graduates working in Phoenix.

In addition to the updated data on the Arizona technology industry, the Council also supplements its report with published works, blogs and interviews highlighting Arizona technology industry leaders, news from organizations across a wide range of sectors in the state's technology community and more.

Headlines from the Q4 2022 Impact Report include the following stories:

Career News:

• Arizona Tech Investors announces new CEO
• Quarles & Brady law firm names new managing partner for Phoenix office

Diversity & Inclusion News:

• Employer branding co. launches new diversity talks podcast series
• Girls Get IT event encourages local high school girls to pursue information technology careers

Company News:

• ElectraMeccanica will relocate headquarters from Canada to Mesa
• Tucson-based Phantom Space wins satellite mission orders from NASA

Workforce Development and Education News:

• Education group launches solar technician course for Amazon employees
• ASU leads $25M project to develop climate and environmental laboratory

Investment News – funded, grants, etc.:

• Capital raise of $75M is milestone for construction of KOREPlex, the lithium-ion battery gigafactory
• Arizona allocates $100 million to boost semiconductor industry in state

On the Council's behalf, the quarterly report is compiled by eImpact, 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 eImpact's analysis of data from Emsi, Brookings Institution, CompTIA, AngelList, National Science Board and others.

Download or view the complete report on the Council's website here.