Pittsburgh Technical Council

2019 State of the Industry Report

2019 State of the Industry Report

Article Published: July 1, 2019

SOI 2019Tech industry continues positive growth trends in total annual payroll and average wages, although with some exceptions.

This year’s State of the Industry Report compares three years of data for each of six main technology industry clusters for three years ending 2017, the latest year for which complete data was available. 

Most technology industry clusters experienced positive growth in total annual payroll with life sciences (excluding health services) leading the way, gaining 12.7 percent over a three-year period. When considering health services as part of the life sciences cluster, it is important to note that its total annual payroll is the largest in this report at nearly $7.4 million.

The percentage growth of information technology over a three-year period was a close second, with a gain of 12.4 percent. 

Although advanced and technology-intensive manufacturing and energy technology showed slight declines in the number of establishments and total number of employees, each tech cluster posted considerable three-year gains in average wages. 

>The 9,776 technology establishments tallied in the year 2017 represent more than 13 percent of all companies in the 13-county region.

>These firms employ 296,833 individuals and account for nearly 23.4 percent of the area’s overall workforce.

>The $23.4 billion annual payroll of technology and related companies, including the health services subcluster, represents more than 34.9 percent of the region’s total wages.

Data may be restated from previous years’ reports due to late or revised filings.

Read the report here.

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