IT employment picture improves slightly - up 2.14% in the last 3 months
58,300 IT jobs have been added in the last 12 months and 18,100 in the last three months
IT employment picture improves slightly - up 2.14% in the last 3 months - Janco reports that the latest BLS data shows a slight increase (5,300) in the number of IT-related jobs in July. The CEO of Janco, Victor Janulaitis said, “The increase as reported by the BLS is less than the 5,900 in June, but still an increase. ” He added, “The fact that total employment for telecommunications, data processing, information services, and system design sectors has risen by 58,300 jobs (seasonally adjusted) in the last 12 months is a good sign. ” Janco’s recently released salary survey also showed signs of this slightly improving employment picture for IT professionals.
Janulaitis noted, “However, 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 July 2010. At the same time there has been a compensating increase of 71,000 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. ”
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Historic IT Job Market Growth Trend
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Data as of May 2021
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 and cloud computing. 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 turn-over in IT departments.
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Hiring Trends January 2011 to July 2011
Net Change IT Employment July 2011
Employment Data July 2010 to July 2011
Health Care Financial Sector Employment