7,700 IT jobs added in May - BLS adjusts IT jobs down by 14.1K for prior months
20.6K IT jobs created since March - 138K YTD more than last year at this time
Park City – UT– e-janco.com – Janco reports that 2021 YTD job growth exceeds 2020 by 138,300 YTD and the size of the IT job market now is above pre-pandemic levels. According to the latest BLS data analyzed by Janco there are now 3.65 million jobs for IT Professionals in the US.
The CEO of Janco Associates, Inc., Mr. M. Victor Janulaitis said, “There could be no better news for displaced IT Professionals and current university IT graduates. Many organizations are now actively recruiting. In some full employment states like Utah, there are many positions for IT pros un-filled due to the lack of qualified candidates. Also, preliminary results for Janco’s Mid-Year IT Salary Survey (to be released June 15th) show that IT salaries have begun to move up as demand is exceeding supply. The greatest increases have been for IT executive management in large enterprises with an increase of 3.16% for a median salary of $175,455.” The CEO added, “Even with the BLS downward adjustment (14.1K) of IT jobs created in the prior two months, creation of IT job is robust.”
NOTE: The graphic below is updated with each new IT Salary Survey. The chart compares the data from the period of the survey to prior period.
Latest Median IT Salaries
For the latest data go to the current IT Salary Survey
Janulaitis added, “With the continued re-opening across the country, increased inoculations for Covid, and re-filling of the supply chains all signs point to an increase in the IT job market. Janco’s forecast that over 98K IT jobs will be added in the 2021 calendar year. However, we are not yet out of the woods as the specter of a potential spike in inflation and higher taxes could cause dampen growth in IT job market size.“
The full analysis can be found at https://e-janco.com/career/employmentdata.html
IT Job Market Size Adjustments - Prior Two Months
BLS reduced the number of jobs for IT Pros by 17,900 jobs for the prior two months - Note last month the BLS had adjusted the same number by an additional 3,000 for a total adjustment of 20,900 - that means the current month reported IT job market growth is overstated.
Before adjustments
After Adjustments
September initially showed that only 1,200 jobs had been lost with the prior adjustments. With the current adjustments 20,700 jobs were lost. Over the last 3 years, adjustments of this magnitude have been common.
IT Job Market - November 2024 Forecast for the CY 2024
BLS makes major adjustments to the job market data showing an average decrease in the number of jobs for IT pros.
There has been a major shift in the creation of new IT Jobs - AI and economic slowing are the drivers.
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He added, “With hiring on the rise, we have just updated our IT Hiring Kit. It contains over 312 industry-standard job descriptions, the latest IT salary data, and our exclusive Interview Recruiting and Hiring guide. More information on the IT Hiring kit can be found on our website at https://e-janco.com/ithirepack.htm ”
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.
