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It Employment Jumps For First Time Since 2008

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The first significant quarterly growth in information technology (IT) employment has occurred since the wave of layoffs in late 2008. The U.S. Bureau of Labor Statistics' quarterly current population survey report shows that IT employment rose an estimated 5 percent during the second quarter.

The increase comes as a surprise, considering the overall U.S. economy is not creating many jobs, and management and professional jobs overall have been stagnant. IT unemployment is still high at 5.4 percent, with 232,000 IT professionals unemployed. However, more than 4 million IT professionals are now working again, which is the third highest quarterly IT employment figure in the past decade of BLS survey data.

Meanwhile, Information Week Analytics' recent survey found that companies were beginning to focus on growth-oriented IT projects. Thirty-four percent of 333 U.S. IT leaders were looking to hire for specialized skills, and another 11 percent were looking to hire across many areas.

From Information Week
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Abstracts Copyright © 2010 Information Inc., Bethesda, Maryland, USA


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