Number of IT Jobs created in 2015 has been revised to 145,100
Prospects for IT Pros is not as bright as it was earlier in the year
Park City, UT - Janco Associates, Inc. - Data from the BLS shows that the rate of increase in the number of IT jobs is slowing. After reviewing the data and factoring in Janco's interviews with 92 CIOs, Janco has revised its forecast for the number of IT jobs to be created in 2015 from 160,000 to 145,100. The CEO of Janco, M.V. Janulaitis said, "CIOs are now more cautious in their hiring earlier in the year Granted by October 2015 112,400 jobs had been created in the year versus the 81,200 in 2014. The trend for increased hiring is slowing down. " He added, "For the last two months of the year we forecast slightly more than 30,000 new IT jobs will be created. "
Updated with the latest IT Job Market statistics
Historic IT Job Market Growth Trend
For current analysis of this data, go IT Job Market Size to see the historic job market growth trend data
Data as of September 2023
In addition the CEO said, "From what we have seen of projections that CIOs have with us, we think that the possibility of a major up-turn in new IT hiring is slight at best. " Also he added, "With the recent volitality in the financial markets, election year uncertainty, and international instability; CIOs and executive management will need to make some very difficult decisions over the next several months.
Expanding on his comments, Janulaitis said, "On the plus side, the recovery seems to be moving ahead and CFOs, whom almost half of all CIOs report to, are still allowing limited incremental spending for IT related activities. "
There is significant activity is in the standardization of IT job titles and pay grades. The CEO said, "We have seen significant interest in our IT Job Family Classification System and the alignment and standardization of pay grades. " See more information at https://e-janco.com/it-job-classification-pay-grade.html.
A robust hiring trend for IT Professionals - the recovery 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!
Based on BLS data analyzed by Janco in the first 3 quarters of 2022 an average of 200K IT jobs remained unfilled due to a lack of qualified individuals. In 2023 the number of unfilled jobs has fallen to around 100K.
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 occurred in December - layoffs have impact on number of unfilled jobs available for IT Professionals.
(Added July 2018)
Historically the total numb of IT jobs has risen over time. The only exception was between 2001 and 2005. That was due to the dot.com com bubble. Omce that was accounted for the total number of IT jobs went up in all sectors except Telecommunications. Much of that downturn can be attributed to automation of the activities associated with those positions and several major mergers where the positions were consolidated.
Historic IT Job Market Size
Data complied by Janco Associates with data as of September 2023