IT and Engineering Employment Starts 2015 on a Strong Note

Alexandria, VA, February 12, 2015 – The number of IT jobs grew 0.4 percent sequentially last month to 4,838,500, 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 grown by 4.7% since January 2014 adding 216,800 IT workers.

Engineering job growth strengthened in January, up 0.2 percent sequentially to 2,521,900. On a year-over-year basis, engineering employment has grown by 1.8% since January 2014 adding 43,700 engineering workers.

Note: This month, both indices reflected the Bureau of Labor Statistics’ annual re-benchmarking of employment data as well as adjustments to the algorithm used to calculate the indices. For this reason, caution should be used when comparing this month’s data to data contained in prior releases.

Graph Tech Server IT Employment Index for January 2015

“In January, IT and engineering employment showed strength as we kicked-off 2015. Following robust growth in 2014, all indications are that we will have another strong year for IT and engineering employment in 2015,” stated Mark Roberts, CEO of TechServe Alliance. “While I am confident demand will remain strong absent a macro-economic or political shock, an inadequate supply of talent in high demand skill sets will continue to be a challenge. Without a significant increase in the availability of talent by growing the domestic IT and engineering workforce or increasing the availability of high-skilled foreign professionals, all industries dependent on technical talent will continue to be at risk of not having their needs fully met,” added Roberts.

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.

Graph Comparisons of TechServe Alliance's IT Employment Index to employment in some key sectors with significant numbers of IT jobs as well as to all non-farm jobs

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 re-benchmarked this month with revisions going back several years. The next major revision will be published in February 2016. Additionally, from time-to-time TechServe Alliance reviews and adjusts the algorithm utilized to calculate the indices. This month’s data also reflect adjustments to the algorithm.

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.

© 2015 by TechServe Alliance. All rights reserved.
This article is reproduced with permission from TechServe Alliance.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>