IT Job Market Mixed With Good and Bad News

Latest Bureau of Labor Statistics data shows that 55,500 overall IT jobs have been added in the last 12 months, but there was a loss of 22,500 jobs in the financial services and insurance sectors

IT Job Market Mixed - Analysis of recent U.S. Bureau of Labor Statistics by Janco Associates Inc. reveals some mildly positive news as 8,400 IT-related jobs were added June.

Janco CEO Victor Janulaitis notes the increase is less than the 10,900 in May, but still a step in the right direction. “The fact that total employment for telecommunications, data processing, information services, and system design sectors has risen by 29,300 jobs (seasonally adjusted) since January 2011 and by 55,500 in the last 12 months is a good sign,” he said.

As for the insurance industry, BLS data also showed there was a loss of 22,500 jobs in the last 12 months for financial services and insurance sectors. On the bright side the rate of loss of jobs in that sector is declining.

Janulaitis predicts that the overall IT job market will be soft for at least one more quarter as there will be more churn in IT staff as CIOs accelerate their move to more flexible staffing models. Indeed, the long-term implications of CIOs outsourcing more technical work, including managed IP services such as VoIP and VPNs bears consideration.

Moreover, Janco notes the preference for contractors for desktop and security services may rise as CIOs put more applications such as remote backup to the cloud. At the same time, they are looking to hire IT people with business and analytical skills, such as risk management and project management. CIOs report that they're having trouble hiring IT people because either they can't find IT professionals with the right business skills or they can't afford them. The combination of these factors should translate into more turnover in IT departments.

(note - Charts have been updated with the latest data. If you want to see the original charts please contact support at e-janco.com. Text is the original text. Specify which charts and dates you desire and they are available for free to paid subscribers of the CIO - IT Manager Newsletter)

IT Job Market Employment Gains

There has been a steady increase in the number of overall employment for IT related jobs.

IT Hiring Slows

The latest data for more read on...

Note - data includes the adjustments by the BLS to the initially reported data.

Health Care vs. Financial Services Job Growth

Employment is on the rise in Healthcare IT and spending will reach $40 billion by the end of this year. Much of that growth will come from spending on electronic health record (EHR) systems, mobile health applications and efforts to comply with new government standards. Boosted by increased spending on healthcare software -- which is needed for the rollout of EHR systems -- the U.S. healthcare IT market is expected to grow at a rate of about 24% per year from 2012 to 2014, the study said. Spending on healthcare software rose 20.5% in the past year, from $6.8 billion in 2010 to a projected $8.2 billion this year. Recent mergers and acquisitions in the healthcare IT market also point to growing private-sector interest in software, which will see sales grow at rate of more than 30% annually from 2012 to 2014.

For more information go to IT Job Market

IT Hiring Kit - Standard Edition

Latest IT Salary Survey - The salary survey draws on data collected throughout the year via extensive internet-based survey instruments and completed survey forms from businesses throughout the United States and Canada. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. Summary data is provided in both the PDF document and a separate Excel Spreadsheet.
Salary Survey Job Descriptions (PDF)� The job descriptions are provided as a 206 page indexed PDF document for all of the� positions surveyed. The PDF file can be viewed and printed.
Interview and Hiring Guide (WORD and PDF)

IT Hiring Kit - Silver Edition

Latest IT Salary Survey - The salary survey draws on data collected throughout the year via extensive internet-based survey instruments and completed survey forms from businesses throughout the United States and Canada. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. Summary data is provided in both the PDF document and a separate Excel Spreadsheet.
Salary Survey Job Descriptions (PDF)� The job descriptions are provided as a 206 page indexed PDF document for all of the� positions surveyed. The PDF file can be viewed and printed.
Interview and Hiring Guide (WORD and PDF)
Salary Survey Job Descriptions (Word) The IT job descriptions are provided as 73 individual word files using long file names. The Word files have a copyright date of 2011 (WORD).

IT Hiring Kit - Gold Edition

Latest IT Salary Survey - The salary survey draws on data collected throughout the year via extensive internet-based survey instruments and completed survey forms from businesses throughout the United States and Canada. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. Summary data is provided in both the PDF document and a separate Excel Spreadsheet.
Salary Survey Job Descriptions (PDF)� The job descriptions are provided as a 206 page indexed PDF document for all of the� positions surveyed. The PDF file can be viewed and printed.
Interview and Hiring Guide (WORD and PDF)
Salary Survey Job Descriptions (Word) The IT job descriptions are provided as 73 individual word files using long file names. The Word files have a copyright date of 2011 (WORD).
238 Internet and IT Job Descriptions (Word) The 243 job descriptions have been extracted from Janco's Internet IT and Position Descriptions HandiGuide™. Each job description has a copyright date of 2011. - Includes the 72 positions surveyed (WORD).

IT Hiring Kit - Platinum Edition

Latest IT Salary Survey - The salary survey draws on data collected throughout the year via extensive internet-based survey instruments and completed survey forms from businesses throughout the United States and Canada. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. Summary data is provided in both the PDF document and a separate Excel Spreadsheet.
Salary Survey Job Descriptions (PDF)� The job descriptions are provided as a 206 page indexed PDF document for all of the� positions surveyed. The PDF file can be viewed and printed.
Interview and Hiring Guide (WORD and PDF)
Salary Survey Job Descriptions (Word) The IT job descriptions are provided as 73 individual word files using long file names. The Word files have a copyright date of 2011 (WORD).
238 Internet and IT Job Descriptions (Word) The 243 job descriptions have been extracted from Janco's Internet IT and Position Descriptions HandiGuide™. Each job description has a copyright date of 2011. Includes the 72 positions surveyed (WORD).
Internet and IT� Positions Description HandiGuide™(PDF) The Internet and IT Position Descriptions HandiGuide™ over 650 pages; which includes sample organization charts, a job progression matrix, and 243 job descriptions. The book also addresses Fair Labor Standards and the ADA. Also included are tools to help you expand, evaluate and define your enterprise's unique additional required. Those tools include:
- Job Evaluation Questionnaire
- Position Description Questionnaire
- Job Progression Matrix (Job Family Classifications)
- Candidate Interview Control Log

Order Salary Survey Download Sample Provide Data