Posted By: Technology Staff Editor
While the news in the general employment market in September ranged from dismal to dire, IT employment posted a modest increase and delivered another all-time high during the month, according to the National Association of Computer Consultant Businesses (NACCB), which tracks monthly IT employment. The association reported IT employment reached 3,925,600 in September, a record high. While the September gain of 3,600 (.1%) from the previous month was modest (there were downward revisions of prior months reflecting the BLS downward adjustments), IT employment continues to display surprising resilience. From September 2007 through the current month, IT employment was up 4.9 percent - far outpacing the general employment market.
The broader job market continues to shed jobs, losing 159,000 jobs in September alone. While general unemployment held steady at 6.1% in September (up 1.4% since a year ago) after surging .4% in August, the unemployment rate for college educated workers (the BLS does not specifically track IT unemployment on a monthly basis) actually receded from 2.7% in August to 2.5% in September. "While a number of my member companies report softening demand in certain geographic regions and among clients in certain sectors, the resilience of overall IT employment to-date remains heartening," said Mark Roberts, CEO of NACCB, in a press release. "While the long-term growth prospects of IT employment remain very strong, it is unclear how IT employment will continue to fare in the short-term and mid-term in the face of deteriorating conditions in the broader economy," he added. The IT employment index is published by the National Association of Computer Consultant Businesses (NACCB), the national trade association representing IT staffing and solutions firms.
The broader job market continues to shed jobs, losing 159,000 jobs in September alone. While general unemployment held steady at 6.1% in September (up 1.4% since a year ago) after surging .4% in August, the unemployment rate for college educated workers (the BLS does not specifically track IT unemployment on a monthly basis) actually receded from 2.7% in August to 2.5% in September. "While a number of my member companies report softening demand in certain geographic regions and among clients in certain sectors, the resilience of overall IT employment to-date remains heartening," said Mark Roberts, CEO of NACCB, in a press release. "While the long-term growth prospects of IT employment remain very strong, it is unclear how IT employment will continue to fare in the short-term and mid-term in the face of deteriorating conditions in the broader economy," he added. The IT employment index is published by the National Association of Computer Consultant Businesses (NACCB), the national trade association representing IT staffing and solutions firms.
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