Alexandria, VA, September 9, 2020 – In August, IT employment increased by 0.40% to 5,133,600 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment has declined by 4.12% since August 2019 shedding 220,400 IT workers.
Engineering employment grew by 0.56% sequentially to 2,568,500. On a year-over-year basis, engineering employment decreased by 3.36% since August 2019, a loss of 89,200 engineering workers.
“After declining for ten consecutive months, IT employment posted strong growth in August turning up by 0.40%,” observed Mark Roberts, CEO of TechServe Alliance. “After a brutal Spring with two month-over-month declines of more than 1 percent, it appears we have turned a corner. While good news and IT continues to be more resilient than other sectors, it does not necessarily indicate it will be “clear sailing” ahead. Given we are still being impacted by the pandemic, we don’t yet have an effective vaccine, and broad swaths of the economy are still reeling, I expect we will continue to see volatility in employment numbers for the foreseeable future,” added Roberts.
The following table presents information about the total number of jobs in certain sectors that provide a significant amount of employment for IT and engineering professionals.
Technical note: TechServe Alliance’s IT Employment Index and Engineering Employment Index are the first specific measurements of IT and engineering employment. These unique measurements of total IT and engineering employment are created monthly by studying the ongoing staffing patterns of a dozen IT and computer related occupations in 22 industries and industry sectors employing significant numbers of IT workers and nearly two dozen engineering occupations in 30 select industries and industry sectors employing significant numbers of engineering workers. Both the monthly IT Employment and Engineering Employment Indices are based on U.S. Bureau of Labor Statistics (BLS) data, which is subject to monthly revisions, and is revised accordingly. Both indices are also subject to periodic revisions and annual rebenchmarking that includes revisions to several years of employment data, which also may incorporate new occupational definitions. Both indices were re-benchmarked going back several years starting with January 2020 data and published in February 2020. In addition, both indices are subject to minor revisions to March and April data. The next major revision will be published in February 2021.
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.
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This article is reproduced with permission from TechServe Alliance. The views represented in this article are not necessarily the views of DP Professionals, Inc.