IT job market growth this year behind prior year
The first 7 months of 2017 IT job market growth 35,600 jobs behind what 2016 was
Park City, UT - IT job market growth this year behind prior year - Janco has just completed its analysis of the July BLS data on IT job markets growth and adjusted its forecast for IT job market growth the remainder of this year. In summary, we forecast that IT job markets should grow at the about the same rate as it did in 2016 even though IT job market growth currently is behind what occurred in the first seven months of 2016.
The CEO of Janco Associates, Inc., Mr. M. Victor Janulaitis said, "The economy seems to have taken off in many sectors. However, the growth rate of the IT job market has not taken off as expected. Currently, 36,500 fewer new jobs were created in the IT Job Market this year than the same time last year."
The CEO added, ďAs we reported last month, there continues to be a shrinking of telecommunication jobs due to mergers and layoffs. However, it seems that the trend is slowing."
Mr. Janulaitis said, "In the last 3 months over 20,300 jobs have been added to the IT job market. Based on our conversations with scores of CIOs, CFOs, and CEOs; we see that trend continuing. As a result, we forecast that the overall IT Job market will grow by over 50,000 jobs in the next five months. This would result in the creation of 70,000 new IT jobs in 2017. That should equal the rate of IT job market growth that was seen in 2016."
Janco interviewed 87 CIOs, CFOs, and CEOs in the last several weeks as part of it's IT Salary Survey process ( https://www.e-janco.com/salary.htm ). Janco's CEO said, "C-Level executives interviewed after the election were optimistic that there will be more incentives for increased IT spending and hiring. It seems the tide has turned and they now feel there will be less growth in IT budgets for the remainder of this year." He added, "Hiring prospects are marginal at best, except for IT Staff at the worker level in the latter part of this year."
Janulaitis added, "There is some demand for new executive and senior management positions. In, addition, we believe that there will a general increase in the headcount for IT staff towards the end of this calendar year. If a tax reform is implemented one would expect that IT jobs would be the first ones that were opened to be filled."
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.
More information can be found on Janco's analysis of overall labor picture and the IT job market at https://www.e-janco.com/career/employmentdata.html.
Janco is an international consulting firm that follows issues that concern CIOs and CFOs. The firm publishes a series of IT and business Infrastructure HandiGuides® and Templates including IT Infrastructure Policies and Procedures, Disaster Recovery/Business Continuity Template, Security Template, IT Job Descriptions, and its semi-annual IT Salary Survey.