Alexandria, VA, November 18, 2016 – The number of IT jobs grew 0.1 percent sequentially last month to 5,170,600, 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 2.9% since October 2015 adding 146,500 IT workers.
Engineering employment remains sluggish, growing only 0.02 percent sequentially to 2,538,600. On a year-over-year basis, growth in engineering employment was anemic increasing by only 0.6% since October 2015 or 15,100 engineering workers.
“While the rate of growth in IT employment is at its low ebb for the year, the slowdown is not uniformly distributed across all skill sets and sectors. The unemployment rate for some IT occupations is under 2%–below what would be considered full employment. Further, there remains a significant imbalance between supply and demand for highly sought after skill sets in both IT and engineering,” stated Mark Roberts, CEO of TechServe Alliance.
IT and engineering jobs are found in virtually every sector and industry in varying degrees. 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 were rebenchmarked in February with revisions going back several years. The next major revision will be published in February 2017. Additionally, from time-to-time TechServe Alliance reviews and adjusts the algorithm utilized to calculate the indices.
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.
DPP® is a member of TechServe Alliance.
© 2016 by TechServe Alliance. All rights reserved. www.techservealliance.org
This article is reproduced with permission from TechServe Alliance.