IT Job Market Will Shrink for the Second Year in a Row

Employment Picture for IT Pros Grim - IT Job Market Shrinks

Janco reports the overall unemployment rate for IT pros in September dropped to 2.7% from 3.8% last month. The number of unemployed IT pros dropped from 98K to 71K according to the latest BLS data.

The CEO of Janco, M. Victor Janulaitis said, “The job market for IT Pros had a major shift losing an average of 4,983 jobs per month over the past 12 months. This is more than we had reported earlier. One of the drivers for this was adjusting the number of jobs defined by the BLS. BLS reduced the number of jobs for IT Pros by 17,900 jobs for the prior two months - Note last month the BLS adjusted the same number by an additional 3,000 for a total adjustment of 20,900 - that means the current month’s reported IT job market growth is overstated. The employment picture is grimmer than reported.“

In the last three (3) months the IT Job market shrank by 21,900 jobs. This chart is not the originally published one, rather it is updated with the current data based on the analysis by Janco Associates, Inc. For the latest IT Employment Data click here.