Engineering Growth Rate Remains Sluggish
Alexandria, VA, November 12, 2014 – The number of IT jobs grew 0.2 percent sequentially last month to 4,701,300, 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 3.5% since October 2013 adding 159,300 IT workers.
Engineering jobs also grew more modestly in October, up 0.1 percent sequentially to 2,512,000. On a year-over-year basis, engineering employment has grown by 1.6% since October 2013 adding 39,100 engineering workers.
“After nine consecutive months of a downward trend in the rate of growth in IT employment, I am pleased to see October’s uptick. While too early to tell whether this is a sustainable trend, the data is certainly consistent with near universal feedback from my member companies who report strong demand and a shortage of available talent in many skill sets,” stated Mark Roberts, CEO of TechServe Alliance. “While the employment picture on the engineering side remains more mixed with a declining rate of growth in October, I am optimistic that both IT and engineering employment will improve as we gain greater clarity around the geopolitical and macroeconomic forces that had been contributing to a general sense of uncertainty,” 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.
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. The next major revision will be published in February 2015.
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.