Alexandria, VA, September 6, 2013 – While IT employment continued to grow in August marking the 24th consecutive month of gains, the rate of growth has decelerated.
The number of IT jobs grew 0.15 percent sequentially last month to 4,504,000, according to TechServe Alliance, a collaboration of IT & Engineering Staffing and Solutions firms, clients, consultants, and suppliers. On a year-over-year basis, IT employment has grown by 5.92% since July 2013 adding 251,900 IT workers.
“Despite the deceleration in the rate of growth, the future for IT employment still remains bright,” stated Mark Roberts, CEO of TechServe Alliance. “While the deceleration is no doubt attributable to multiple factors, an inadequate supply of qualified IT talent remains a key reason. Even the Fed noted the impact of the shortage of IT talent with regard to New England region in its most recently released Beige Book,” added Roberts.
IT 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 professionals as well as to the number of all jobs.
Technical note: TechServe Alliance’s IT Employment Index is the first specific measurement of IT employment. This unique measurement of total IT employment is 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 including the manufacturing, wholesale and retail trade, financial, information services, business and professional services, and education and health industries. The monthly IT Employment Index is based on U.S. Bureau of Labor Statistics (BLS) data, which is subject to monthly revisions, and therefore, the Index is revised accordingly. The IT Employment Index is also subject to annual revisions and was rebenchmarked with the publication of the BLS January 2013 employment report, which included revisions to several years of employment data.
ABOUT TechServe Alliance
TechServe Alliance is a collaboration of IT & Engineering staffing and solutions firms, clients, consultants and suppliers dedicated to advancing excellence and ethics within 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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