Janco Associates, Inc.Number of IT Jobs created in 2015 has been revised to 145,100

IT Job Family ClassificationProspects for IT Pros is not as bright as it was earlier in the year

Park City, UT - Janco Associates, Inc. - Data from the BLS shows that the rate of increase in the number of IT jobs is slowing.   After reviewing the data and factoring in Janco's interviews with 92 CIOs, Janco has revised its forecast for the number of IT jobs to be created in 2015 from 160,000 to 145,100.   The CEO of Janco, M.V. Janulaitis said, "CIOs are now more cautious in their hiring earlier in the year   Granted by October 2015 112,400 jobs had been created in the year versus the 81,200 in 2014.   The trend for increased hiring is slowing down. " He added, "For the last two months of the year we forecast slightly more than 30,000 new IT jobs will be created. "

IT Job Market Growth
Annual job gain 2014 vs 2015

In addition the CEO said, "From what we have seen of projections that CIOs have with us, we think that the possibility of a major up-turn in new IT hiring is slight at best. " Also he added, "With the recent volitality in the financial markets, election year uncertainty, and international instability; CIOs and executive management will need to make some very difficult decisions over the next several months.

Change in the number of IT Jobs October 2015
IT job market - October 2015

Expanding on his comments, Janulaitis said, "On the plus side, the recovery seems to be moving ahead and CFOs, whom almost half of all CIOs report to, are still allowing limited incremental spending for IT related activities. "  

There is significant activity is in the standardization of IT job titles and pay grades.   The CEO said, "We have seen significant interest in our IT Job Family Classification System and the alignment and standardization of pay grades. " See more information at https://www.e-janco.com/it-Job-Family.html.

IT Job Market Growth October 2015Labor Force Participation Rage October 2015

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