IT Job Market recovered from Pandemic - hiring at all time high
Recovery of IT Job Market at full swing - More organizations, since the start of the pandemic, are actively recruiting
Park City – UT– e-janco.com – Janco reports 11,900 IT jobs added in June – BLS adjusts IT jobs up by 17.3K for prior months. 36.2K IT jobs created since April – 69K YTD and 165,300 more than last year at this time. Janco has reports that 2021 YTD job growth exceeds 2020 by 165,300 YTD. According to the latest BLS data analyzed by Janco here are now 3.67 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 IT Professionals and current university IT graduates. More organizations, since the start of the pandemic, are actively recruiting. In some full employment states like Utah, there are many positions for IT pros open because of the lack of qualified candidates. Also, results for Janco’s Mid-Year IT Salary Survey show that IT salaries have begun to move up as demand is exceeding supply. Median Compensation for IT Pros is now over $96.6K. The greatest increases have been for IT executive management in large enterprises. That is not all, IT Pro are demanding increases in compensation and attrition rates are moving up as IT Pros look for better opportunities.”
The full analysis can be found at https://e-janco.com/career/employmentdata.html
IT Job Market Size Adjustments - Prior Two Months
Before adjustments
After Adjustments
IT Job Market Flat for FY 2024
There now are approximately 96K 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 IT job market.
Data complied and forecast updated by Janco Associates with data as of April 2024
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
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.
