IT job market size grew by 17,000 jobs in April
43,200 Jobs have been added to IT Job Market in the last 3 months. Pace of expansion exceeds 2021.
IT Job Market growth is at an all-time high with 186,100 jobs added in the last 12 months.
In interviews with both CIOs and HR professionals, Janco has found that hiring IT professionals is at a record high level. This even with inflation and the specter of a possible economic downturn.
In 2021, 213,100 jobs were added to the IT Job Market. That not only replaced the jobs lost during the pandemic, but it also expanded the growth to a level that exceeded the pre-pandemic levels.
The rate of growth in the first four months of 2022 is greater than in 2021 by over 19,300 jobs. Whether that will continue is an open question. Our analysis forecasts that hiring will slow during the summer and fall and will not reach the level achieved in 2021.
IT Job Market Growth Forecast
Based on BLS data and or analysis of hiring trends in the US, we forecast that just over 163,000 new IT Jobs will be added to the existing IT Job Market which stands at just under 4 million jobs in the US.
Salaries are spiking up
Keep reading with a 7-day free trial
Subscribe to CIO and IT Management Newsletter to keep reading this post and get 7 days of free access to the full post archives.