IT Job Market Growth Shows Signs of Stalling
Prospects for continued expansion of IT job market dim as a recession impacts the US economy
Over 300 High Tech organizations have slowed their hiring plans for IT Professionals. Apple has eliminated over 100 contract recruiters and Microsoft has reduced the number of IT Professionals it looks to hire in the new year – just to mention a few examples.
For the past four months, fewer new jobs were created each month despite 21 states being at full employment levels (3% or less unemployment rate) and only one state at over 5% unemployment.
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