Over 100K IT jobs added in the past 8 months
30,400 IT jobs created in the first quarter according to Janco
IT hiring ticks up as most of the jobs lost due to Covid and shut-downs have been recovered
Park City – UT– e-janco.com – According to an analysis by Janco, there has been growth in the IT job market each of the past eight (8) months.
IT Job Market Change - October 2024
IT Job Market shrank by 8,400 jobs last month - lost 29,100 jobs YTD
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.
Subscribe to our Newsletter to get this information delivered to your inbox as soon as it is released. SUBSCRIBE
The CEO of Janco Associates, Inc., Mr. M. Victor Janulaitis said, “There is great news for IT Professionals. Companies have hired back almost all of the IT Pros who lost jobs as the shut-downs are ending and vaccines are available. Since August of last year, over 100K jobs have been added for IT Professionals. 30,400 of those jobs were added in the first quarter of this year.”
Janulaitis added, “We believe, with the increase in government spending and the desire to rapidly get back to normal operations, the total IT job market will continue to expand rapidly in the second quarter as more businesses open and get back to normal operations. “
The CEO followed up with, “We forecast that close to 100K new IT jobs will be added by the end of the 4th quarter of this year. CIOs now are no longer in survival mode. Now they are looking ahead to the post-pandemic operating environment. “
IT Job Market will have shrunk by an average of 4,900 jobs in CY 2024
There are approximately 71K 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 October 2024
He added, "To support CIOs in managing this process, we have just released our Post Pandemic CIO Management Tool Kit. It contains everything that they need to have a set of functioning infrastructure policies, job descriptions, skill set definitions, compensation data, hiring tools, and post pandemic processes including WFH and cloud processing.
IT Management Tool Kit - Read on
Janco is an international consulting firm that follows issues that concern CIOs and CFOs. The firm publishes a series of IT and business Infrastructure HandiGuides® and Templates including IT Infrastructure Policies and Procedures, Disaster Recovery/Business Continuity Template, Security Template, IT Job Descriptions, and its semi-annual IT Salary Survey.
