IT & Engineering Employment Continues Tepid Pace of Growth

Alexandria, VA, June 23, 2015 – The number of IT jobs grew 0.3 percent sequentially last month to 4,929,400, 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 4.8% since May 2014 adding 225,000 IT workers.

The rate of engineering job growth continues to be sluggish, up only 0.1 percent sequentially to 2,520,400. On a year-over-year basis, engineering employment has grown by 0.9% since May 2014 adding 22,000 engineering workers.

TechServe Alliance IT and Engineering Employment Index May 2015

“IT employment continued its modest growth trajectory in May while the rate of growth in engineering employment remained sluggish,” stated Mark Roberts, CEO of TechServe Alliance. “While demand for IT talent remains strong, an inadequate supply of IT professionals in high-demand skill sets is restricting the rate of growth. There are simply too few U.S. students pursuing careers in IT coupled with restrictive immigration policies that are  inadequate to meet the needs of U.S. businesses. Until we address this long-term problem, IT employment growth will not reach its full potential,” 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.

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

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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 2016. 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

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


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