Rate of IT and Engineering Employment Growth Continued to Decelerate in October

Alexandria, VA, November 22, 2013 — While IT employment grew for the 26th consecutive month, the rate of growth has continued to decelerate.

The number of IT jobs grew 0.04 percent sequentially last month to 4,511,100, 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 5.53% since October 2013 adding 236,200 IT workers.

Engineering jobs grew once again in October, up 0.12 percent sequentially last month to 2,472,200. On a year-over-year basis, engineering employment has grown by 1.50% since October 2012 adding 36,600 engineering workers.

Tech Serve Alliance's IT and Engineering Employment Indices October 2013

“While demand for IT professionals and engineers remains relatively robust, the rate of employment growth for both groups has continued to slow,” stated Mark Roberts, CEO of TechServe Alliance. “The deceleration is no doubt attributable at least in part to the government shutdown for more than half of the month of October which precipitated an atmosphere of uncertainly within the business community,” 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 Tech Serve Alliance's IT Employment Index


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 annual revisions and rebenchmarking which includes revisions to several years of employment data. The next revision will be published in February 2014.

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 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.

© 2013 by TechServe Alliance. All rights reserved. www.techservealliance.org
This article is reproduced with permission from TechServe Alliance.

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