IT Job Growth Continues to Decelerate; Engineering Employment Ticks Up

Alexandria, VA, February 12, 2016 – The number of IT jobs grew 0.2 percent sequentially last month to 5,065,300, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions industry. On a year-over-year basis, IT employment grew by 4% since January 2015 adding 196,100 IT workers.

Engineering job growth improved modestly up 0.2 percent sequentially to 2,529,100. On a year-over-year basis, engineering employment grew by only 0.7% since January 2015 adding 17,500 engineering workers–continuing to underperform the overall workforce.

I.T. and Engineering Employment Indices for January 2016

“As we begin 2016, the rate of IT job growth continued to decelerate with engineering employment showing modest improvement following an anemic 2015,” stated Mark Roberts, CEO of TechServe Alliance. “Despite the deceleration in IT job growth, it continues to outperform the overall workforce,” observed Roberts. “Rarely is economic data universally all positive or all negative. While apprehension over the deteriorating global macroeconomic picture is no doubt weighing on the entire labor market, we continue to see strong demand and a shortage of supply in many IT and engineering skill sets,” commented 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 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.

 


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