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CIO confidence wanes

IT job market growth slows from 9,800 jobs in January to 7,900 in May - 87,600 jobs added in the last 12 months. . .

Park City - UT - The latest BLS data shows a continued slowing in the rate of job creation for IT jobs. The CEO of Janco Associates, Mr. Victor Janulaitis said, "Based on our interviews with over 90 CIOs in the last 30 days, we concluded that CIOs are not in a great hurry to hire new staff. In addition, a number of CIOs do not see any real push to expand staffing over the next 12 months. "

Hiring Demand

There was a net increase of 7,900 IT job market in May. There was an improvement in computer systems design and related services of 6,000 jobs (versus 4,700 in April); data processing and hosting related services lost 400 jobs (versus gaining 200 jobs in April); Telecommunications gained 2,900 jobs (versus 1,000 in April); and other information services gained 2,600 jobs (versus 1,300 in April). The three month moving average has moved down.

The labor market participation rate remains at a record low of 63.4%. There are 3,000,000 fewer individuals working than in 2007.

The three month moving average for IT job market growth trend for IT Professionals is flat.

Changes in IT Job Market

The CEO said, "Janco's CIO Hiring Plan Forecast looks mixed in the short term with CIOs becoming more cautious in their hiring as the recovery stalls and taxes increase. "

Changes in IT Job Market


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