In November, IT employment inched down 0.05%, or a loss of 2,700 jobs, month-over-month, according to TechServe Alliance, the national trade association for the IT & Engineering Staffing and Solutions Industry. On a yearly basis, the IT job market dipped 0.30%, with a loss of 15,900 positions. Employment in Engineering was up 0.65% year-over-year, adding 18,400 jobs during the same period.
“The overall U.S. job market posted strong gains in November, but IT employment remained effectively flat. Throughout the year, technology leaders delayed hiring decisions due to economic, political, and geopolitical uncertainties. This has had significant implications for IT investments and associated hiring” said Mark Roberts, CEO of TechServe Alliance.
“While IT hiring overall has not yet accelerated, critical IT domains such as AI and Machine Learning, as well as Security and Cybersecurity continue to remain strong. With the U.S. graduating just over 100,000 computer science graduates annually and anticipating downward pressure on high-skilled immigration in the coming years, there will be a long-term shortage of talent as the growth rate for computer and mathematical occupations is projected to be more than twice the national average for all occupations over the next 10 years. Consequently, we believe that despite the moderating labor pressure on employers in the short term, long-term demand for IT skills will continue to outpace supply.”
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