IT Job Market Forecast for 2018 will grow by 84K
IT Job market will grow by 84K new jobs in 2018 after a sluggish 2017
Actual growth for 2018 was 104,600 new IT jobs created
IT Job Market Forecast for 2018 will grow by 84K - 2017 turned out to be a sluggish year for growth of the IT job market. There were several causes for this including:
- Multiple Hurricanes
- Major fires in Northern and Southern California
- Political uncertainty as to wither tax reform would be passed by the U.S. Congress
Natural disaster have a short term negative impact on IT job market growth but recover within 30 to 90 days. On the other hand, political uncertainty has a much more lasting negative impact. In our opinion that was the primary driver for the sluggish growth of the IT job market in 2018.
With the passage of the Tax Reform bill, trillions of dollars will be repatriated and be invested in the U.S economy. That will result in the need for more a better technology infrastructure - meaning more new jobs.
Based on budgets and plans for 2018 made by enterprises operating in the U.S. we see that there will be major development efforts places in several areas:
- Blockchain applications making seamless transaction processing
- Big Data applications that will focus on customized sales, marketing and service programs
- Digital and Social marketing that will focus on the next population wave - the Millennials.
- IoT applications that will become even more pervasive as more device types and applications are implemented.
- Security and reputation protection will be addressed in a more robust fashion. CIOs and CSOs know that their careers depend on protection from cyberattacks and meeting mandated compliance requirements.
Janco forecasts that IT job market growth in 2018 of back in the range of 80K to 100K net new IT jobs because of these factors.
IT Job Market will have shrunk by an average of 4,900 jobs each month in CY 2024
There are approximately 58K unemployed IT Professionals. The IT job market shrank by over 48,600 jobs in CY 2023. Overall that is a flattening of the long-term growth rate pattern of the IT job market. Based on our data and forecast models, there will be no growth in the IT Job Market in the calendar year 2024.
Data complied and forecast updated by Janco Associates with data as of November 2024
Key to finding the right new staff will be a clear and concise definition of roles and responsibilities of individuals involved in these new area. To meet this objective Janco has just released its 2018 Internet and IT Position Description HandiGuide.
There now are 324 full job descriptions the cover the full range of functions with the Internet and IT realm.
All of our products are distributed electronically in industry standard formats of PDF and MS WORD.
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