Employment Picture Mixed
16 states have unemployment levels at 3% or less - 1 of these states (Maryland) had an increase in the unemployment rate from the prior month
On an ongoing basis, Janco analyzes the unemployment rates reported by the BLS. This is included in the firm's analysis of the projected number of jobs that will be added or deleted from the IT profession. The National unemployment data provides a measure of the health of the overall labor market. A more granular metric considers local conditions - i.e. state and local unemployment.
Between California and New York alone, almost 3 million jobs were lost during the Covid shutdowns.
IT Unemployment Rate Versus National Unemployment Rate
The IT Unemployment rate in the past several months has exceeded the US national unemployment rate - That is a bad omen for the IT Job Market in general. This impact can be seen in both the computer hardware and software markets in falling sales. There currently are over 96,000 unemployed IT Professionals.
Long-Term Trend - IT Job Market versus state by state unemployment rate
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