21CTO

May 12, 2026 · Industry Insights

US Tech Unemployment Rises to 3.8% in April Amid AI Layoffs and Economic Uncertainty

In April 2024 the US IT sector's unemployment rate climbed to 3.8% from 3.6% as AI‑driven layoffs at firms like Meta, Nike and Snap combined with broader economic uncertainty, while overall job growth added 115,000 positions and demand for AI skills remained strong.