Hiring IT Pros Robust in March - Janco forecasts 138K new IT jobs will be added in 2022
As overall unemployment rate falls hiring IT Job Market continues to expand - salaries are increasing
The current long-term trend is the IT Job Market will be impacted by individual state unemployment rates. The employment of IT professionals traditionally is tied to the national unemployment rates, but individual high tech states’ rates have a more significant impact. In our research, we have found that the number of IT jobs created or lost is tied to the number of high-tech states that are at full employment (3.0% or less) versus those with high unemployment rates (5.0% or higher.
There still is a lot of uncertainty about the prospects for the US recovery. Inflation, the high cost of energy, the long-term impact of the war in Ukraine, and the political uncertainty caused by consumer confidence and presidential approval rates. Some say that inflation has peaked and others say that inflation will get to the low teens by the end of the year. It is our belief that inflation will continue until public policy and Fed money management are changed.
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