Slowing job growth spills over to information technology

0

The slowdown in hiring includes the otherwise high-paying and hot information technology industry.

The U.S. economy gained or recovered just 199,000 jobs in December, down from 249,000 in November, according to the Ministry of Labormarking the smallest monthly job gain in a year.

The slowdown in hiring includes the otherwise high-paying and hot information technology industry.



Commercial group based in Alexandria, Virginia TechServe Alliance reports that the IT sector added just 2,000 jobs in December, little change from the previous month. Year over year, IT employment increased by 2.72%, a growth of 142,800 professionals.

The IT sector ended 2021 with 5.39 million Americans working in the field.

“We expect a continued slowdown in hiring with a stable job growth rate in the IT and engineering sectors for some time to come,” said Mark Roberts, CEO of TechServe Alliance, the national trade association for the IT and engineering staffing and solutions industry.

“With the tech unemployment rate falling to 2%, it is clear that the slowdown is more due to companies struggling to find qualified talent, rather than a lack of demand,” he said.

TechsServe recommends that its members review compensation and benefits to ensure they are competitive, work with recruiters to adopt unrestricted hiring policies, and update technology to create a work environment fluid distance.

Below is a chart of the TechServe Alliance IT Employment Index and Engineering Employment Index, from the end of 2019:

Like WTOP on Facebook and follow the OMCP on Twitter and instagram to start a conversation about this article and others.

Get the latest news and daily headlines delivered to your inbox by signing up here.

© 2022 OMCP. All rights reserved. This website is not intended for users located in the European Economic Area.

Share.

Comments are closed.