CIO and IT Management Newsletter

CIO and IT Management Newsletter

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CIO and IT Management Newsletter
CIO and IT Management Newsletter
BLS Data is Suspect

BLS Data is Suspect

BLS Continues to Make Material Adjustments to th Employment Data it Presents

Victor Janulaitis's avatar
Victor Janulaitis
Aug 02, 2025
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CIO and IT Management Newsletter
CIO and IT Management Newsletter
BLS Data is Suspect
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Janco Reports BLS Sets IT Unemployment Rate at 5.5%

BLS reduces the number of Jobs reported by

Park City – UT – e-janco.com – Janco reports that, according to the data provided by the BLS, the prospects for new jobs are worsening. We do this with one caveat about our concern for the quality of the BLS data. For example, the BLS adjusted down the number of jobs reported for May and June by 13,600 versus an initially reported gain of 1,400 jobs for the same period. Adjustments at those levels of magnitude are not acceptable from any organization. It can only be due to poor data capture, poor infrastructure, incompetence, or political gerrymandering. J

The CEO of Janco, M. Victor Janulaitis, said, “With the passage of the new budget bill, CFOs and CIOs are more optimistic and are starting to look forward to working on new being 4.0% last month. The number of unemployed IT Pros is at 143,000, and the number of open IT positions is just under 244,000.” In addition, “In our travels, we have noticed an uptick in retail activity. Gas prices are lower, and the rate of inflation is around 2% versus the 9% peak several quarters back.”

The President said, “According to the latest revised data by the BLS, the IT Job Market shrank by 26,500 YTD. That is after adjusting the May data down by 4,300, June data down by 7,800 jobs, and reporting that 10,300 jobs were lost in July.. That is on top of the adjustments made to May in the June data. Also, deep in their data, the BLS reports there are 244K open IT positions with an unemployment rate of 5.5% for IT Pros.”

Janulaitis added, “We will continue to report the BLS data; however, we are in the process of redoing our IT Job Market forecasting models to consider other public and private data. As we progress on that, we will update our website and Substack newsletter. ()

BLS Adjustments – August for May and June

A table with numbers and numbers

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