IT employment picture continues to improve

55,500 IT jobs have been added in the last 12 months and there has been a continued up-trend in the number of IT professional hired in the last six months

IT employment picture continues to improve - Janco reports that the latest BLS data shows a slight increase (8,400) in the number of IT-related jobs in June. The CEO of Janco, Victor Janulaitis said, “The increase as reported by the BLS is less than the 10,900 in May, but still an increase. ” He added, “The fact that total employment for telecommunications, data processing, information services, and system design sectors has risen by 29,300 jobs (seasonally adjusted) since January 2011 and by 55,500 in the last 12 months is a good sign. ”

Janulaitis noted, “… the job picture continues to be mixed for technology professionals. The data shows that telecommunications is still a depressed market with a loss of 28,400 jobs since June 2010 while there has been a compensating increase of 70,600 jobs in the computer systems design and related services sector. It is not clear as of yet that the recovery has taken hold - but the trend is in the right direction. ”

Janco feels that the IT job market will be soft for at least one more quarter. Janco predicts there will be more churn in IT staff as CIOs accelerate their move to more flexible staffing models. CIOs are outsourcing more technical work, including managed IP services such as VoIP and VPNs. They are hiring more contractors for desktop and security services, and they are putting more applications such as remote backup in the cloud. At the same time, they are looking to hire IT people with business and analytical skills, such as risk management and project management. CIOs report that they're having trouble hiring IT people because either they can't find IT professionals with the right business skills or they can't afford them. All of this means more turnover in IT departments.

(note - Charts have been updated with the latest data. If you want to see the original charts please contact support at e-janco.com. Text is the original text. Specify which charts and dates you desire and they are available for free to paid subscribers of the CIO - IT Manager Newsletter)

Updated

IT Pros Hiring Plummets

 

Moving average of IT job market growth

Layoffs abound and there no longer is robust hiring trend for IT Professionals - the economy is slowing. However, there are a number of jobs unfilled by IT Pros. The primary culprit is the lack of qualified individuals to fill the open positions. In our opinion, the IT Job Market is currently at no growth!
Unfilled IT Jobs

IT Job Market Openings

The number of unfilled jobs trend line is down as the economy softens and CIOs and CFOs look to control costs and eliminate requisitions for positions that cannot be filled. There was a major pullback of the number of excess jobs for IT Pros - layoffs have impact on number of unfilled jobs available for IT Professionals.

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CIO Hiring Plans (updated)

Future IT Hiring Trends by CIOs
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IT Job Market Employment Gains

There has been a steady increase in the number of overall employment for IT related jobs.

Changes in the number of net IT Jobs created or lost

In the last three (3) month the IT Job market shrank by 21,900 jobs. This chart is not the originally published one, rather it is updated with the current data based on the analysis by Janco Associates, Inc. For the latest IT Employment Data click here. Subscribe to our Newsletter to get this information delivered to your inbox as soon as it is released. SUBSCRIBE

IT Job Market Change - October 2024

IT Job Market shrank by 8,400 jobs last month - lost 29,100 jobs YTD

YTD IT Job Market growth

Updated with the data from the BLS and Janco Associates Inc as of October 2024 Analysis shows that IT Job Market has shrunk by 48,600 jobs in 2023. In the first ten months of 2024, the IT job market shrank by 29,100 jobs.

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IT employment data

IT number of new jobs

Health Care vs. Financial Services Job Growth

Health Care job growth

Employment is on the rise in Healthcare IT and spending will reach $40 billion by the end of this year. Much of that growth will come from spending on electronic health record (EHR) systems, mobile health applications and efforts to comply with new government standards. Boosted by increased spending on healthcare software -- which is needed for the rollout of EHR systems -- the U.S. healthcare IT market is expected to grow at a rate of about 24% per year from 2012 to 2014, the study said. Spending on healthcare software rose 20.5% in the past year, from $6.8 billion in 2010 to a projected $8.2 billion this year. Recent mergers and acquisitions in the healthcare IT market also point to growing private-sector interest in software, which will see sales grow at rate of more than 30% annually from 2012 to 2014.

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