Even IT Jobs are in Deceleration

By TechServe Alliance, Special for USDR

The number of IT jobs grew 0.2 percent sequentially last month to 5,142,900, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions industry. On a year-over-year basis, IT employment grew by 3.5% since July 2015 adding 173,900 IT workers.

After several months of sluggish to no growth, engineering employment posted its best month since January expanding 0.2 percent sequentially to 2,536,900.  On a year-over-year basis, growth in engineering employment still remains anemic growing only 0.65% since July 2015 or 16,500 engineering workers.

“For the first time all year, growth for IT employment fell below 10,000 jobs — adding only 9,400 jobs during the month of July. On the engineering side, engineering employment improved posting its best month since January,” stated Mark Roberts, CEO of TechServe Alliance. “The deceleration in the growth rate of IT employment is attributable to multiple factors, including apprehension over the global macroeconomic environment as well as a chronic shortage in high demand skill sets.  As I have noted in the past, the index represents an amalgamation of a wide range of industries and IT skill sets.  While demand has waned in some industries, there continues to be strong demand for certain highly sought after IT skill sets in many sectors of the U.S. economy,” observed Roberts.

For the complete August 2016 TechServe Alliance Employment Indices please visit:  http://tsa.prod2.classfive.com//files/Index%20Release%20August%202016.pdf

About TechServe  Alliance
TechServe Alliance is the national trade association of the IT & Engineering staffing and solutions industry. Hundreds of IT & Engineering staffing and solutions firms and tens of thousands of affiliated professionals, count on TechServe Alliance to keep their leadership informed, engaged and connected. TechServe Alliance serves as the voice of the industry before the policymakers and the national and trade press. By providing access to the knowledge and best practices of an entire industry and tapping the “collective scale” of hundreds of companies, TechServe Alliance supports its members in the efficient delivery of best-in-class IT & Engineering staffing and solutions for clients and exceptional professional opportunities for every  consultant.

SOURCE TechServe Alliance

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.
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