Slowing job growth spreads to information technology

The slowdown in employing incorporates the if not high-shelling out, red-hot data engineering market. The…

The slowdown in employing incorporates the if not high-shelling out, red-hot data engineering market.

The U.S. economic system received or regained just 199,000 jobs in December, down from 249,000 in November, in accordance to the Office of Labor, marking the smallest every month work acquire in a year.

The slowdown in choosing features the or else high-shelling out, pink-scorching details know-how industry.

Alexandria, Virginia-based mostly trade group TechServe Alliance studies the IT sector extra just 2,000 employment in December, very little altered from the earlier month. On a yr-about-year basis, IT employment was up 2.72%, a progress of 142,800 gurus.

The IT sector finished 2021 with 5.39 million Americans working in the discipline.

“We count on a continued slowdown in hiring with a flat employment progress charge in the IT and engineering sectors for some time to arrive,” reported Mark Roberts, CEO of TechServe Alliance, the national trade association of the IT and Engineering staffing and solutions marketplace.

“With the tech unemployment price dropping to 2%, it is very clear the slowdown is extra a perform of firms struggling to obtain skilled talent, alternatively than a lack of need,” he explained.

TechsServe suggests its customers revisit compensation and advantages to make confident they are aggressive, operate with recruiters to undertake site-no-bar hiring guidelines, and update engineering to maximize a sleek distant do the job setting.

Below is a graph of TechServe Alliance’s IT Work Index and Engineering Employment Index, dating back again to late 2019:

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