Mon Mar-11-2024: AI and Cloud Solutions Drive MSP Revenue Growth, Tech Unemployment Rates Rise

In this episode host Dave Sobel discusses contrasting trends in the tech job market and the MSP sector's growth. Despite the overall job market's growth, tech occupations are facing an increase in unemployment rates. Meanwhile, MSPs are experiencing revenue growth driven by AI and cloud solutions, even as they navigate customer acquisition challenges The episode delves into employment data with insights from the ADP employment report and the Fed's job report, noting a discrepancy in job addition numbers and a rise in the unemployment rate to 3.9 percent—its highest since early 2022. CompTIA's analysis reveals that the tech industry's employment remains relatively stagnant, with minor job additions in tech companies but staffing reductions in telecommunications and manufacturing sectors.