Hiring of IT Pros Slows as IT Job Market shrinks by 5,500 YTD
IT job market shrank by 5,500 jobs YTD versus growing by 125,900 jobs in 2022. BLS adjusts up the number of IT Pros hired in May and June by 6,400
Janco reports that YTD, the IT job markets shrank by 5,500 jobs YTD 2023. That is in contrast with 125,900 jobs that were created in the same period of 2022. The number of unfilled jobs for IT Pros shrank from 200K plus in December to just over 120K at the end of July.
Janco has revised its forecast for the IT Job market down to 15K-20K for the calendar year 2023. Over two-thirds of all CIOs and CFOs believe that there will be a downturn in the US economy and are preparing for it.
The growth of the IT job market stopped in January with a loss of 2,600. For three of the first seven months of 2023, the IT job market has shrunk. On the plus side, there is an excess of 120K unfilled jobs for IT Pros due to a lack of qualified candidates.
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