Alexandria, VA, January 13, 2016 – The number of IT jobs grew 0.2 percent sequentially last month to 5,021,900, 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 3.7% since December 2014 adding 178,300 IT workers.
Engineering job growth continues to be anemic, up only 0.1 percent sequentially to 2,532,600. On a year-over-year basis, engineering employment grew by only 0.6% since December 2014 adding 16,200 engineering workers—under-performing the overall workforce.
“As we closed out 2015, the rate of IT job growth slowed with engineering employment barely making it into positive territory,” observed Mark Roberts, CEO of TechServe Alliance. “While the US economy is on a reasonably solid footing, there is increasing uncertainty associated with the macroeconomic and geopolitical picture,” stated Roberts. “Although we expect IT job growth to continue to outperform the overall job market with an ongoing shortage of talent in high-demand skill sets, growth will likely not be as robust as we experienced earlier in the economic recovery. Engineering employment has been particularly vulnerable to a number of industry sectors such as oil and gas that are experiencing significant headwinds. We anticipate these pressures will continue throughout 2016 inhibiting engineering job growth,” 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.
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 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.