IT Employment Rises for 11th Consecutive Month
In case you haven’t noticed, this is a very different labor market than 14 months ago.
During the height of the pandemic, many people were concerned about job security and some industries shut down or slowed their operations entirely, resulting in layoffs and furloughs.
What a difference a year makes.
In June, IT employment increased by 0.19% to 5,364,300 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry.
Highlights from the report include:
On a year-over-year basis, IT employment has increased by 4.34% since June 2020, adding 223,200 IT workers.
Engineering employment grew by 0.08% sequentially to 2,609,600.
On a year-over-year basis, engineering employment increased by 3.02% since June 2020, adding 76,400 engineering workers.
“IT employment rose for the eleventh consecutive month reaching a new high,” observed Mark Roberts, CEO of TechServe Alliance. “While a positive trend, we continue to see a deceleration of the rate of growth attributable to the shortage of talent. With an insufficient domestic supply of talent and ongoing restrictions on immigration, it is a recurring challenge that shows no sign of abating in the foreseeable future,” added Roberts.
Source: TechServe Alliance