IT job market shrank by 23,000 jobs YTD versus growing by 117,700 jobs in 2022
BLS adjusts down the number of IT Pros hired in April and May by 16,500 in addition to the earlier reduction for March and April of 9,300
Janco reports that YTD, the IT job markets shrank by 23,000 jobs in the first two quarters of 2023. That is in contrast with 117,700 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 June.
Janco has revised its forecast for the IT Job market down by over 40K to 20K-30K from 60K-70K for the calendar year 2023.
The growth of the IT job market stopped in January with a loss of 2,600. For five of the six 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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