Strategic CIO // Team Building & Staffing
News
11/13/2008
01:38 PM
Connect Directly
RSS
E-Mail
50%
50%

IT Job Market Proving To Be Resilient -- So Far

In these troubled economic times, IT employment is holding up well and continues to outperform the general employment market.

And now for something completely different in these troubled economic times: IT employment is holding up well and continues to outperform the general employment market.

That's the opinion of the National Association of Computer Consultant Businesses, which said its NACCB IT Employment Index recorded just a slight dip of 3,000 jobs (0.08%) in October. The NACCB said IT employment held at 3,916,200 positions for October.

"Given all the turmoil in the economy and the devastating job losses in the general employment market in recent months, we are relieved that the decline in October was a modest one," Mark Roberts, NACCB's CEO, said in a statement. "While the long-term growth prospects of IT employment remain very strong, I anticipate there will be significant challenges in the short-term and midterm in light of the deteriorating macroeconomic picture."

Roberts noted that IT employment was still up 4.5% in October compared with October 2007. The overall employment market shed an alarming 284,000 jobs in September and 240,000 in October.

The NACCB bases its IT employment figures on U.S. Bureau of Labor Statistics data, which is presented monthly. In addition, the NACCB studies staffing patterns in a dozen IT and computer-related job positions in various industries that employ significant numbers of IT workers.

In September, Robert Half Technology said its studies of the IT employment market showed that the early wave of national job losses hadn't hit the financial services market as of that month. However, John Estes, VP of strategic alliances at Robert Half, predicted that many high-quality IT people eventually will lose their jobs as the impact on financial services firms spreads through Wall Street and beyond.

Comment  | 
Print  | 
More Insights
2014 US Salary Survey: 10 Stats
2014 US Salary Survey: 10 Stats
InformationWeek surveyed 11,662 IT pros across 30 industries about their pay, benefits, job satisfaction, outsourcing, and more. Some of the results will surprise you.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Must Reads Oct. 21, 2014
InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
A roundup of the top stories and trends on InformationWeek.com
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.