The job market for IT professionals, though better than the rest of the employment market, still continues to be sluggish.
The Bureau of Labor (BLS) statistics show a drop in the total employment of IT professionals from a year ago. The areas were there has been the greatest shrinkage are telecommunications and data processing services. Both of these sectors continue to be adversely impacted by outsourcing.
There has been a slight increase in employment numbers in system design and IT services. This has not been enough to absorb the displaced employees from prior periods nor address the issue of recent entrants into the IT job market who can not find work.
When Janco compared the total employment picture of the 3rd quarter of this year to the 2nd quarter, they found that the job market has deteriorated over the summer. In subsequent follow-up interviews, with CIOs and CEOs at a number of large firms, the consensus is that the recession is not over and that budgets for 2011, which had assumed a marked improvement in the economic climate, will need to be revisited and possibly reduced.
Everyone who participates will receive a complementary copy of the study summary, companies that provide ten or more data points will receive a complementary copy of the entire salary survey. The study will be released in early January.
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