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IT Job Maket will improve significantly

eJobDescription.com website is the HR for Information Technology management

IT job market prospects are tied to the US national employment data

As more people go back to work, the IT job market will begin to improve significantly.

There are 13 companines that are currently have openings for over 25,000 positions.  There are:

  • Instacart looking to hire 300,000 contract workers over the next three months.
  • McDonald's hiring about 260,000 people this summer.
  • Amazon hiring more than 100,000 people.
  • UPS hiring more than 100,000 people for open positions.
  • Albertsons Companies hiring 50,000 people across their companies for open roles.
  • CVS Health hiring 50,000 employees to serve in various capacities across its business.
  • Walmart hiring 50,000 workers for its distribution and fulfillment centers.
  • FedEx hiring 35,000 people for essential roles.
  • Allied Universal hiring more than 30,000 people for open positions.
  • Taco Bell hiring 30,000 people to work at its restaurants.
  • Ace Hardware hiring 30,000 people to work in its stores nationwide.
  • Lowe's hiring 30,000 employees to meet the demand created by the coronavirus.
  • Dollar Tree, which is also the parent company of Family Dollar, hiring 25,000 workers for its stores and distribution centers.
    Walgreens hiring 25,000 employees for permanent and temporary roles.

IT Job Market

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- IT Job Maket will improve significantly

Employment Picture Improves

Covid Kills US Labor Market but it is recovering

COVID-19 shut began its impact on the overall unemployment rate with jump up 0.9% to 4.4% and a loss of over 700,000 jobs at the start of the shutdown. Then in April the unemployment rate skyrocketed to to 14.7% only to drop to 13.3%.

Between California and New York alone almost 3 million jobs were lost.

12 states have unemployment rates over 12%

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- Employment Picture Improves

IT salaries - flat

Salaries are flat and and hiring new employees is non-existent due to shutdowns

116,000 IT professionals were laid-off or terminated in April and May due to the Covid-19 shut-down. In June, the loss of IT jobs was halted. Hiring is expected to resume in the late 3rd quarter of this year – Salaries are expected to increase at that point.

Mid Year 2020 IT Salary Survey

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- IT salaries - flat

2020 H-1B visa applicants not impacted by Presidential Declaration

Current H-1B visa applicants not impacted by Presidential Declaration

Comppanies in the US can employ foreign workers on H-1B visas only if they can demonstrate to the U.S. Department of Labor by filing a Labor Condition Application (LCA) that they cannot find U.S. workers with the necessary skills. DOL certified around 468,000 LCAs relating to new, existing, or transferred H-1B visas in 2019. In 2019, 188,123 three-year visas were issued or renewed, while the number of new H1-B visas remained capped at 65,000.

US IT Job Market Covid-19 Impact

This executive order stops the Department of State from issuing certain new work visas to enter the U.S., but it does not cancel or affect the status of foreign workers already in the United States. That means recipients of this year’s H-1B lottery already in the U.S. are in the clear: Their H-1B status will still take effect on Oct. 1 as they will not need to travel abroad to obtain a visa.

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- 2020 H-1B visa applicants not impacted by Presidential Declaration

Hiring Trends Moving Average Falls Dramatically

Growth of IT Job Market Impacted Dramatically by Covid-19 Shutdown

The moving average of the number of new IT job created (lost) cascaded to an all-time low in April and May due to the shutdown. The fall shows the impact on IT professionals job prospects.

Fall in IT job marketdue to Covid-19

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- Hiring Trends Moving Average Falls Dramatically