CIO confidence upbeat but mixed
IT job market monthly growth increases from 9,800 jobs in January to 9,900 in June - 88,900 IT jobs added in the last 12 months…
CIO confidence upbeat but mixed - The latest BLS data shows an increase in the rate of job creation for IT jobs; however, Janco's Mid-Year IT salary survey shows that IT salaries remain flat. The CEO of Janco Associates, Mr. Victor Janulaitis said, "Based on our interviews with over 96 CIOs in the last 30 days, we concluded that CIOs are not in a great hurry to hire new staff except to meet short term needs until they see a clear trend as to what is happening with the economy. 67% of the CIOs we interviewed do not see any real push to expand staffing over the next 12 months. "
This chart is not the originally published one, rather it is updated with the current data based on the analysis by Janco Associates, Inc. For the latest IT Employment Data click here.
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
On the positive side, there was a net increase of 9,900 IT jobs in June which brings the rate of increase back to where it was in January of this year. There was an improvement in computer systems design and related services of 7,300 jobs (versus 6,100 in May ); data processing and hosting related services 1,800 jobs added (versus 200 jobs in May); Telecommunications gained 700 jobs (and 700 in May); and other information services gained 100 jobs (versus 1,400 in May). The three month moving average points to an improved job market. The labor market participation rate rose slightly to 63.5%. There are 3,000,000 fewer individuals working than in 2007.
Labor Participation Rate in the low 60's
Covid-19 Impact US Labor Market
Where have all the employees gone? Is the population being condition
to not work and stay at home?
Just over 100 million people in the U.S. are not working - see reasons why not working. Since the shutdown the labor force participation rate has fallen almost 2% points.
A robust hiring trend for IT Professionals - the recovery is in full swing, however there has been a slowing in the number of jobs filled by IT Pros. The primary culprit is the lack of qualified individuals to fill the open positions.
The latest data for more read on... Data points to robust hiring of IT Professionals with 38.2K jobs filled in the last 3 months.
Health Care vs. Financial Services Job Growth
The health care job market continues to be a bright spot on the overall US labor market and is one area where IT Pros can go with the flow and find job opportunities. The implementation of Electronic Patient Records is one of the driving forces in the increased opportunities in this area.